Get documents about "Equity Sharing Note
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Equity Sharing Note document sample
Document Sample
NSP/DAP 231
Section 1 Lender's
Form # Tracking and Correspondence Packet
NSP-DAP 230 Correspondence and Notes- narrative log
NSP-DAP 233 Document Request List
NSP-DAP 201 Contact Information x
NSP-DAP 209 Quality Commitment Certification, signed by responsible contact person prior to submission to Town x
NSP-DAP 214 Sequence of the Process
NSP-DAP 220 Document Transmittal Form
Schedule owner acknowledgment meeting for covenant, restricted resale, equity sharing,
homebuyer training and certification. Schedule homebuyer ed class with IFHMB 800 321-0911.
NSP-DAP 222 Notes: Cover letter to buyer(s) upon receipt of application packet and initial review.
NSP-DAP 232A Needs Cover Letter
NSP-DAP 232B Needs Cover Letter fax transmittal
NSP-DAP 235 Process for Application Intake
NSP-DAP 236 Reservation Phase Checklist
NSP-DAP 237 NSP-DAP Application Process Checklist
NSP-DAP 200A NSP/DAP Document List
SUBMITTAL GUIDES
231 File Sections
214 Sequence of the Process
220 Document Transmittal Form
236 Reservation Phase Checklist
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NSP/DAP 231
Section 2 Lender's
Form # Application Documentation Packet
Loan Officer Documentation Checklist
1003 Uniform Residential Loan Application- Fanni Mae Form 1003- handwritten, signed and dated
DU Desktop Underwriter - optional
DRIVE Report - optional
NSP-DAP 216 Assistance Amount Worksheet x
NSP-DAP 229 Realtor Certification of Applicant Eligibility x
NSP-DAP 233 Document Request Checklist, see Sec. 1
NSP-DAP 238 NSP/DAP Target Area Map w/ perimeter roads- included in NSP-DAP 229 x
GFE- Good Faith Estimate- signed and dated
Credit Report,
Verbal acceptance of offer, buyer acceptance
Lender Cover Letter with Estimated Loan Closing Date
Lender Loan Application Cover Letter
Occupancy and Financial Status Affidavit
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NSP/DAP 231
Section 3 Lender's
Form # Applicant Support Documentation Packet
1040 Tax Returns, W-2, 1099- three years
8821, 4506T IRS Tax Information Authorization/ Transcripts
NSP-DAP 206 Income Tax- Affidavit of Non- Filing
NSP-DAP 206a Income Tax- Affidavit of Non- Filing with reasons
NSP-DAP 207 Declaration of No Income Affidavit
Asset Information
Bank Statements- 6 months
Bankruptcy Papers
California Drivers License
Divorce Decree- income
Letter of Explanation
Pay Stubs- borrower
Pay Stubs- co-borrower and other household members with income
Reserves- confirmed 1 - 12 months
Social Security Card
Verification of Credit
Verification of Deposit from bank, if no bank statements
Verification of Income
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NSP/DAP 231
Section 4 Lender's
Form # NSP-DAP Documents Packet
NSP-DAP 202 Lender's Certification of Applicant Eligibility x
NSP-DAP 203 Application and Certification of Applicant x
NSP-DAP 204 Income and Asset Worksheet, Inclusions, Exclusions, Affidavit x
NSP-DAP 208 Lead Base Paint Disclosure x
NSP-DAP 221 Income and Assets Calculation Worksheet- Use NSP/DAP 204
NSP-DAP 224 Homebuyer Acknowledgments
NSP-DAP 243 Preliminary Title Request- email
NSP-DAP 225 Reservation/Declination Letter
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NSP/DAP 231
Section 5 Lender's
Form # Property Information Packet
NSP-DAP 217 FHA Certified Home Inspection Results or included in appraisal
NSP-DAP 223 Environmental Review
NSP-DAP 227 URA Voluntary Relocation w/o eminent domain and Seller's Certification x
NSP-DAP 228 Appraiser Certification x
Amended/ Supplemental Escrow Instructions
Appraisal including inspection report on housing standards
Escrow Instructions- signed by all parties
Flood Determination Report
Historical Preservation
If Lead Base Paint Present, treatment required?
Inspection Advisory- Buyer
Inspection Report, FHA standards , may be included in formal appraisal
Buyer Home Inspection Report - Results to all Parties
Lead Base Paint Assessment
Preliminary Title Report
Property Eligibility Determination
Purchase Price within maximum limit confirmed
Seller Confirmation Letter for Repairs or Certified Inspection Report (CIR)
Septic Inspection
Title Report
Utilities On Confirmation, maybe
Wood Destroying Pest Inspection Request
Wood Destroying Pests Inspection Report
1008 Lender Approval- FHA Mortgage Credit Analysis, Form 92900A
Mortgage Credit Analysis, MCAW
NSP-DAP 242 Power of Attorney- if needed (lender's form)
Letters of Explanation- if needed
Purchase Contract, Counter Offer
Verification of Employment
Verification of Mortgage/Rent
HUD 1 Estimated HUD 1 Settlement Statement
Purchase Contract, Counter Offer, signed
Fannie Mae Underwriting Approval
NSP-DAP 243 Preliminary Title Request
Fannie Mae Underwriting Findings
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NSP/DAP 231
Section 6 Lender's
Form # After Application Review Process Packet
Application package complete verification
Borrower Eligibility Confirmed
Homebuyer Education Training Certificate
Homeowner Insurance Policy
Loan Action Form
Loan Approval Form
Loan Qualifying Worksheet
Loan Submission Form
NSP-DAP
244,245 Loan Commitment/Declination Letter to Lender and Borrower
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NSP/DAP 231
Section 7 Lender's
Form # NSP-DAP Loan Documents Packet
NSP-DAP 210 Truth in Lending
NSP-DAP 211 Deed of Trust
NSP-DAP 213 Request for Notice
NSP-DAP 215 HOME funds disclosure statement
NSP-DAP 218 Escrow Wiring Instructions
NSP-DAP 239 Title Letter-Request for Notice- letter to title to request recording
NSP-DAP 240 Notice of Right to Cancel
NSP-DAP 241 Affordability Covenant, Notice
NSP-DAP 247 Loan Agreements w/ Covenants 3-27-09
Direct Pay Invoice
Direct Pay Request for Wire Transfer
Email to Finance advising of Wire
Ernest Money Deposit Check- copy
Escrow Instructions signed by all Parties
Final Title Policy
Lender Loan Docs, forwarded to lender, then to escrow
Loan Documents to Closing Agent
Loan Set Up Form to Finance
Pre Closing Instructions Letter to Closing Agent
Vesting- how title is held
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NSP/DAP 231
Checklist of Final
Section 8 Lender's
Docs Needed After Closing/ After Funding Processes, Final Docs Packet
NSP/DAP 248 Loan Closing Checklist
Final HUD-1 from Escrow- settlement statement and attachments
1st Mortgage Deed of Trust- copy
1st Mortgage Promissory Note- copy
Advise Finance OK to wire funds- memo,
Assessor Preliminary Change of Ownership (PECOR)
Cash back Check from Escrow if applicable
Declaration Property Insurance w/ Town Reference
Deed of Trust Routed to Town and Executive Director
Final Closing Instructions Letter and Docs to Title
Final Closing Instructions Letter to Escrow- cash back verbage
Final Title Report- file with property info
Funding Source Spreadsheet
Grant Deed
Homebuyer Activity Cost Worksheet
Homebuyer Education Certification- 8 hour
IDIS Drawdown
Lender's instructions to escrow, verify
Loan Docs Received from Closing Agent
Loan Reduction Letter
Loan/ Grant Set-up Form and Check
Original Loan Docs to Finance vault- deeds, covenants, promissory note, request for notice
Original Recorded NSP/DAP 211 Deed of Trust, NSP/DAP 241 Affordability Covenant and
NSP/DAP 247 Loan Agreement
Original NSP/DAP 210 Truth in Lending and NSP/DAP 215 HOME Funds Disclosure Statement
Proof of Insurance with Town Loan referenced
Request for Notice to County Recorder, returned after recording
Sale Closing Escrow Instructions
Title Company- Final Statement
Title letter, for items needed by Town; title policy, recorded docs, prop ins, truth in lending,
disclosure statement, HUD-1
Insure HUD 1 Settlement, buyer contribution maintained. Cash back ok for amounts over
minimum buyer contribution- 1% of sales price or 50% of required down payment, whichever
is greater. Home Inspection Service costs may be counted towards buyer contribution if
documented.
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