Credit Underwriting Policy by qov41983

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Credit Underwriting Policy document sample

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									 02/11/11           Seller's Estimated Settlement Sheet
                       Sale Information / Seller                                   Is your Property subject to
                       Sales Price:                                   $500,000     a Property Transfer Tax?
                       Commission:               6.00%                             if yes, the rate is

                       Homeowner's Association Dues:                      $125
                             Number of Associations:                          2
                    Seller current Yearly Property Taxes                 $3,000

                       Closing Month:          Apr      4                         Did you purchase Before?
                       Closing Day:            25      25                                        Yes
                                                                                        02/11/09 Yes
            The Date You Purchase Property

                                Seller's Debits (Cash from Seller)
                   Encumberances:
                              1st Mortgage Balance:                225,000.00
                              2nd Mortgage Balance:                 10,000.00
    Other Encumberances, liens OR PrePay Penalties:
                               Total Encumberances:              $235,000.00
                   Estimated Costs:
                                          Title Policy:              1,865.00
                                Escrow Service Fee:                  1,675.00
                            Real Estate Commission:                 30,000.00
                            Transaction Co-ordinator:
                      Home Warranty Plan (1 Year):                     400.00
                                 Document Drawing:                     125.00
                                     Sub Escrow Fee:                    68.00
                                          Notary Fee                    80.00
                        Transfer Tax (Doc Stamps):                     550.00
                             Pest Control Inspection:                   75.00
                                              Repairs:
                                 Reconveyance Fee:                      90.00
                                      Recording Fee:                    80.00
                             Property Tax (Pro-Rata):
                                         Property ID:                   99.00
                     FHA/VA Fees Paid By Seller:
                                        FHA-VA fees:
                    Loan Discount Points (FHA-VA):

                       Other Cost:
                                          Courier Fees:                   50.00
                              Association Transfer Fee:                  350.00
                         P.T.T. (Property Transfer Tax):
                                            Other Cost:
                    Seller Credit to Buyer Closing cost:
                                 Total Estimated Cost:                $270,507

                                                       Sales Price:   $500,000
                       Seller's Credits (Cash to Seller)
                         Prop Tax ProRation To Seller:
                                  Insurance (Pro-Rata):
                           Impound Accounts Refunds:
                       Other Credits To Seller:
                                         Other Credit 1:
                                         Other Credit 2:
                         Total Estimated Seller's Credits:
                         Less Total Est. Seller's Debits:             $270,507
                         Total Est. Seller's Proceeds:                              $229,493




Seller Signature:                                                         Date:

Seller Signature:                                                         Date:

Agents Signature:                                                         Date:

            Information Deemed Reliable, but not Guaranteed. This is NOT an official document!




                                                                                                                 e0ad54a7-1c82-4e04-81d9-4df151adf6af.xls
                                        Estimated Settlement Sheet
                  Sale Information / Seller                                     Buyer's Estimated Costs
Sales Price:                                                 Purchase Price:
Commission %                                                 Less Down Pmt:
Homeowner's Association Dues:                                1st Loan Amount:         Loan Term: 360 360
                 # of Associations:                                                   Rate                            #DIV/0!
Seller current Yearly Property Taxes                         2nd Loan Amount:                     I.O.
                                                                                      Loan Term: I.O.
                                                                                      Rate                            #DIV/0!
Closing Month:          Jun      6                           Homeowner's Association Dues:
Closing Day:            3        3                           Closing Month                                           Jun   6
                                                             Closing Day:                                            3     3
                                                                      AVOID PMI        Yes Impounds            SFR
         Seller's Debits (Cash from Seller)                                  Buyer's Closing Costs
Encumberances:                                               Estimated Buyer's Expenses:
       Seller's 1st Loan Balance:                                    1st Mort. Loan Fee(points): 1.0%0.01
      Seller's 2nd Loan Balance:                                           2nd Mort. Loan Fee:
         Other Encumberances:                                     % rate Buydown or Disc. fees:
          Total Encumberances:                                                    Credit Report:                                 $14
Estimated Costs:                                                                  Appraisal Fee:                                $350
                      Title Policy:               #N/A                             Underwriting:                                $650
             Escrow Service Fee:                    300.00                          Processing:                                 $550
       Real Estate Commission:                                                     Tax Service:                                  $79
        Property Tax (Pro-Rata):                                               Flood Certificate:                                $45
  Home Warranty Plan (1 Year):                      350.00
              Document Drawing:                     125.00                   Document Drawing:                                  $125
                     Underwriting:                                            Wire Transfer Fee:                                 $50
                       Notary Fee                    80.00                         Escrow Fee:                                  $300
     Transfer Tax (Doc Stamps):                                             Escrow Loan Tie-in Fee                              $175
         Pest Control Inspection:                    75.00                            Notary Fee:                                $45
                          Repairs:                               ALTA Title Insurance Policy:                            #N/A
              Reconveyance Fee:                      90.00                     Recording Fee:                                   $75
                  Recording Fee:                     80.00                     SubEcsrow fee:                                   $68

 Buyer's Costs Paid for Buyer:                             Other Expense:
                  FHA-VA fees:                                        1st Months Assoc. Dues:
 Loan Discount Points (FHA-VA):                                            Buyer paid Repairs:
                                                                      Property Tax (Pro-Rata):
  Seller Paid Buyer Closing cost:                               Home Warranty Plan (1 Year):
Other Cost:                                                         Third Party Inspection Fee:                                 $350
                   Courier Fees:                     50.00                        Courier Fees:                                  $40
        Association Transfer Fee                                        Total Estimated Closing Cost:                    #N/A
                   Other Cost 5:                           PrePaids:
                   Other Cost 6:                           Prepaid Interest:          # of Days    27
                                                           Property Tax Impounds: # of Months       5
                                                           H.O. Ins Impounds        # of Months     2
          Total Estimated Cost:                   #N/A     1st yrs Homeowner Ins    # of Months    12
  Total Estimated Seller's Debits:                           Private Mortgage Ins.:
              Seller's Credits (Cash to Seller)                Flood Insurance Policy (1 Year):
                       Sales Price:                                         Total Estimated PrePaids
         Property Tax (Pro-Rata):
            Insurance (Pro-Rata):                                                 Down Payment:
             Impound Accounts:                                         Estimated Total Cash Required:                    #N/A
Other Credits:
                 Other Credit 1:                  1,000.00                   Monthly Payment Summary
                 Other Credit 2:                                  1st Loan (Principal & Interest):
                 Other Credit 3:                                 2nd Loan (Principal & Interest):
                 Other Credit 4:                                                                   0.0175
                                                                                 Monthly Taxes: 1.75%
                 Other Credit 5:                                             Monthly Insurance:
                 Other Credit 6:                                                    MMI or PMI:
  Total Estimated Seller's Credits:               1,000.00          Homeowner's Assoc. Dues:
   Less Total Est. Seller's Debits:               #N/A                            Other Credit 1:
   Total Est. Seller's Proceeds:                  #N/A           Estimated Monthly Payment:

                                                                         LTV            #DIV/0!
                                                                         CLTV           #DIV/0!

                                                             Note/Payment Rate                        A.P.R.          #DIV/0!
                                                                                                     Annual Percentage Rate




                                                                                                                 Buyer[File]
Information Deemed Reliable, but not Guaranteed. This is NOT an official document!




                                                                                     Buyer[File]
                                        Estimated Settlement Sheet
                  Sale Information / Seller                                     Buyer's Estimated Costs
Sales Price:                                                 Purchase Price:
Commission %                                                 Less Down Pmt:
Homeowner's Association Dues:                                1st Loan Amount:         Loan Term: 360 360
                 # of Associations:                                                   Rate                            #DIV/0!
Seller current Yearly Property Taxes                         2nd Loan Amount:                     I.O.
                                                                                      Loan Term: I.O.
                                                                                      Rate                            #DIV/0!
Closing Month:          Jun      6                           Homeowner's Association Dues:
Closing Day:            3        3                           Closing Month                                           Jun   6
                                                             Closing Day:                                            3     3
                                                                      AVOID PMI        Yes Impounds            SFR
         Seller's Debits (Cash from Seller)                                  Buyer's Closing Costs
Encumberances:                                               Estimated Buyer's Expenses:
       Seller's 1st Loan Balance:                                    1st Mort. Loan Fee(points): 1.0%0.01
      Seller's 2nd Loan Balance:                                           2nd Mort. Loan Fee:
         Other Encumberances:                                     % rate Buydown or Disc. fees:
          Total Encumberances:                                                    Credit Report:                                 $14
Estimated Costs:                                                                  Appraisal Fee:                                $350
                      Title Policy:               #N/A                             Underwriting:                                $650
             Escrow Service Fee:                    300.00                          Processing:                                 $550
       Real Estate Commission:                                                     Tax Service:                                  $79
        Property Tax (Pro-Rata):                                               Flood Certificate:                                $45
  Home Warranty Plan (1 Year):                      350.00
              Document Drawing:                     125.00                   Document Drawing:                                  $125
                     Underwriting:                                            Wire Transfer Fee:                                 $50
                       Notary Fee                    80.00                         Escrow Fee:                                  $300
     Transfer Tax (Doc Stamps):                                             Escrow Loan Tie-in Fee                              $175
         Pest Control Inspection:                    75.00                            Notary Fee:                                $45
                          Repairs:                               ALTA Title Insurance Policy:                            #N/A
              Reconveyance Fee:                      90.00                     Recording Fee:                                   $75
                  Recording Fee:                     80.00                     SubEcsrow fee:                                   $68

 Buyer's Costs Paid for Buyer:                             Other Expense:
                  FHA-VA fees:                                        1st Months Assoc. Dues:
 Loan Discount Points (FHA-VA):                                            Buyer paid Repairs:
                                                                      Property Tax (Pro-Rata):
  Seller Paid Buyer Closing cost:                               Home Warranty Plan (1 Year):
Other Cost:                                                         Third Party Inspection Fee:                                 $350
                   Courier Fees:                     50.00                        Courier Fees:                                  $40
        Association Transfer Fee                                        Total Estimated Closing Cost:                    #N/A
                   Other Cost 5:                           PrePaids:
                   Other Cost 6:                           Prepaid Interest:          # of Days    27
                                                           Property Tax Impounds: # of Months       5
                                                           H.O. Ins Impounds        # of Months     2
          Total Estimated Cost:                   #N/A     1st yrs Homeowner Ins    # of Months    12
  Total Estimated Seller's Debits:                           Private Mortgage Ins.:
              Seller's Credits (Cash to Seller)                Flood Insurance Policy (1 Year):
                       Sales Price:                                         Total Estimated PrePaids
         Property Tax (Pro-Rata):
            Insurance (Pro-Rata):                                                 Down Payment:
             Impound Accounts:                                         Estimated Total Cash Required:                    #N/A
Other Credits:
                 Other Credit 1:                  1,000.00                   Monthly Payment Summary
                 Other Credit 2:                                  1st Loan (Principal & Interest):
                 Other Credit 3:                                 2nd Loan (Principal & Interest):
                 Other Credit 4:                                                                   0.0175
                                                                                 Monthly Taxes: 1.75%
                 Other Credit 5:                                             Monthly Insurance:
                 Other Credit 6:                                                    MMI or PMI:
  Total Estimated Seller's Credits:               1,000.00          Homeowner's Assoc. Dues:
   Less Total Est. Seller's Debits:               #N/A                            Other Credit 1:
   Total Est. Seller's Proceeds:                  #N/A           Estimated Monthly Payment:

                                                                         LTV            #DIV/0!
                                                                         CLTV           #DIV/0!

                                                             Note/Payment Rate                        A.P.R.          #DIV/0!
                                                                                                     Annual Percentage Rate




                                                                                             Complete Seller Buyer[File]
Information Deemed Reliable, but not Guaranteed. This is NOT an official document!




                                                                     Complete Seller Buyer[File]

								
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