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					Dear Program Participant:

Thank you for your interest in the Down Payment Assistance (DPA) Program offered by Anoka County.
The goal of the program is to assist homebuyers with costs associated with the purchase of a home in
Anoka County by providing $1,000 to $10,000 in down payment assistance.

Attached is documentation that is required for your participation in this program. In order for Anoka
County to accept your request for Down Payment Assistance, all attached forms must be completed and
required documentation submitted. Any missing or incomplete information will delay the process.
Completed applications will be awarded funds on a first come first serve basis. This program is subject
to the availability of HOME Investment Partnerships Program (HOME) funds.

Complete, original applications should be mailed or delivered to:

        Anoka County Community Development
        Attn: Lana Burczek
        2100 3rd Ave., Suite 700
        Anoka, MN 55303-5024

This program has specific federal requirements that must be met prior to award of funding.

Please read all sections carefully. If you have additional questions, contact:

        Lana Burczek
        HOME Coordinator
        Lana.Burczek@co.anoka.mn.us
        763-323-5708
Program At a Glance
                   Down Payment Assistance funds will be provided to eligible recipients in an amount not to exceed
                   $10,000. Funds will be secured against the property as a zero percent (0%) interest deferred loan for
DPA Terms and      five (5) years. In the sixth (6) year repayment requirements of down payment assistance funds will be
  Conditions:      forgiven. If this unit is sold, refinanced or no longer the principle place of residence within the five
                   year affordability period, the full balance of the down payment assistance funds will be due and
                   payable immediately.
                   Applicant(s) must be citizens or legal permanent residents of the U.S.A. Households may earn no
                   more than 80% of the Anoka County / MPLS / STP Metropolitan Area Median Income (AMI), as
Maximum            established by the U.S. Department of HUD. Income includes interest earned from assets.
Applicant(s)
Income             Maximum Household annual income based on household size, and % of AMI, effective 6/26/2010
                        Size        1           2         3           4          5           6           7           8
                        80%     $47,040 $53,760 $60,480 $67,200 $72,576 $77,952 $83,328 $88,704
Property           Housing must be located in Anoka County. Housing must be the participant’s primary residence.
Requirements       Eligible properties are single-family housing defined as one to four family residences, cooperative
                   units, condominiums, and townhouses. Down Payment Assistance will not be provided for the
                   purchase of a property that is primarily occupied by tenants.

                   All properties will have a Repayment Agreement filed against the property. This means that for five
                   years following the closing of the sale to an eligible buyer, the property will remain the principal
                   residence of a the homebuyer whose family qualifies as a low-income family as defined in 24 CFR
                   Section 92.254 (a)(3)&(4). If the property is sold , refinanced or no longer the principle place of
                   residence during those five years, the full balance becomes immediately due. In the sixth (6) year
                   repayment requirement of down payment assistance funds will be forgiven. Additional terms are
                   discussed in the Repayment Agreement.
                   Properties must meet all applicable state and local housing quality standards and code requirements.
                   If there are no such standards or code requirements, the housing must meet the quality standard in
                   24 CFR 982.401. An Anoka County representative will complete an inspection prior to closing. This
                   inspection is NOT to guarantee the condition of the unit but to ensure the unit meets federal program
                   requirements.

                   Non-foreclosed housing unit: An Anoka County representative/program administrator will complete
                   an inspection prior to closing. Properties must meet the state and local housing quality standards and
                   have no code violations. If a property fails to meet any of the minimum requirements of the
                   inspection, the items or conditions that caused the property to fail must be corrected prior to closing
Inspection
                   in order to receive down payment assistance.
Requirements
                   Foreclosed housing unit: All applicable state and local housing standards and code violations or
                   identified lead-based paint must be corrected within 120 days of purchase of the property. An Anoka
                   County representative will complete an inspection prior to closing and a second inspection after the
                   required 120-day period or sooner if repairs have been completed. Borrower(s) will have to pay back
                   100% of the HOME funds if the property does not meet inspection requirements within 120 days of
                   the home purchase.

                   All participants are encouraged to obtain a Housing Inspection by a certified inspector prior to
                   purchasing a home.




       Anoka County Down Payment Assistance Application                                                  Page 2
Program At a Glance
                    Prime, Fixed Rate, Conforming Mortgage (Conventional, Fannie Mae/Freddie Mac, HUD, VA,)
Eligible
Primary/First       Loan must be fully amortized, fixed rate loan of up to 30 years with an interest rate that does not
Mortgage Loan       exceed the prevailing market rates for conforming loans. The borrower(s) must be able to qualify for a
Products            VA guaranteed, FHA insured, Fannie Mae/Freddie Mac, or approved conventional fixed rate
                    conforming mortgage as determined by a participating private lender.
                    26-35%
Maximum             The homebuyer is expected to pay at least 26% of their income for principal, interest, taxes and
Housing Ratio       insurance (PITI), mortgage insurance (PMI or MIP) and/or ground lease payments and owner
                    association fees. A homebuyer’s PITI cannot exceed 35% of annual gross income.
Minimum
                    $2,000 earnest money submitted with Purchase Agreement and recorded on Settlement Statement at
Borrower
                    time of sale.
Investment
Maximum
                    The maximum purchase price (as of 2010) is $276,683 for a single family home.
Purchase Price
                    Borrowers may NOT receive any cash back at closing.

                    There is no first-time homebuyer requirement.
Other
                    Borrowers are required to complete a Homebuyer Education Course before the scheduled closing. A
                    copy of the certificate of completion must be submitted with this application. For a listing of HUD
                    approved agencies, visit HUD’s Web site:
                    http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=MN




        Anoka County Down Payment Assistance Application                                                Page 3
Required Documentation
Down Payment Assistance Applications are accepted on a first come, first serve basis with a completed application. In order to
reserve DPA assistance, a complete application must be received. Submit application and supporting documentation at least three
weeks prior to closing. An application will not be processed until all of the documents are completed and received. The following
documents must be submitted with the application:

        Included in this application package:
                  Application - signed signature page
                  Conflict of Interest Provision – signed
                  Program Affidavit - signed
                  Data Privacy form - signed
                  Authorization to Release form - signed
                  Subordination Disclosure form – signed
                  Inspection Agreement – signed
                  Voluntary Acquisition / General Information Notice – signed (must be signed and dated by the Seller on or before
                  the date of an accepted purchase agreement.)
                  Signature Page



        Other required documentation:
                 Copy of applicant(s) photo identification
                 Copy of applicant(s) Social Security Card and/or Permanent Resident Card
                                                                      st
                 Copy of Uniform Residential Loan Application - from 1 Mortgage Lender, signed by applicant(s) and lender
                 Copy of mortgage pre-approval or approval letter
                 Copy of income documentation from all income sources for all household members, as indicated on page 6
                 Homebuyer Education certificate from a HUD approved Housing Counseling Agency



         The following documents (not listed above) are required to be submitted throughout the home buying process:
                  A “Voluntary Acquisition Buyer/Seller Certification of Purchase”
                  Copy of purchase agreement and all subsequent addendums or purchase agreement changes and attachments –
                  signed
                  Copy of earnest money contribution
                  Copy of Lenders Truth-In-Lending Statement - signed
                  Signed letter from lender specifying borrower’s status as a first time home-buyer (only if applicable).
                  Copy of lender requested property appraisal
                  Copy of Lead-based Paint Disclosure and borrowers’ receipt of “Protect Your Family from Lead in Your Home”
                  pamphlet. This is required only on homes built before 1978. OR          Not Applicable
                  Certificate of Occupancy Certificate only if for new construction housing OR     Not Applicable
                  Anoka County Repayment Agreement - signed
                  Anoka County HOME Homebuyer Agreement – signed
                  Copy of Settlement Statement - signed
                  Copy of Warranty Deed
                  Anoka County Inspection Report & Compliance Requirements form – only for those purchasing a foreclosed home.
                  OR      Not Applicable




        Anoka County Down Payment Assistance Application                                                          Page 4
Applicant Information
Full Name of Applicant/Head of Household                             Full name of Co-Applicant



                                                                     Relationship to Applicant:
Social Security Number:                                              Social Security Number:


   U.S. Citizen        Legal Permanent Resident                         U.S. Citizen        Legal Permanent Resident
Marital Status                                                       Marital Status
  Married                                                              Married
  Unmarried (widowed, single, or divorced)                             Unmarried (widowed, single, or divorced)
Current Address                                                      Current Address



Phone Number (home): (         )       -                             Phone Number (home): (         )       -
Alternate Phone: (   )             -                                 Alternate Phone: (   )             -

Email:                                                               Email:

Drivers License Number:                                              Drivers License Number:
Birth date:                                                          Birth date:
Social Security Number:                                              Social Security Number:
Name of Employer:                                                    Name of Employer:

Estimated Gross Monthly Income: $                                    Estimated Gross Monthly Income: $

Occupation:                                                          Occupation:

Number of Years with Employer:                                       Number of Years with Employer:
All applicants are required to attend Home Stretch classes. Have     All applicants are required to attend Home Stretch classes. Have
you attended a Homebuyer Education class within the last 12          you attended a Homebuyer Education class within the last 12
months?       Yes       No                                           months?       Yes       No

If Yes, please attach a copy of the Homebuyer Education              If Yes, please attach a copy of the Homebuyer Education
Completion Certificate. If No, you will be required to attend this   Completion Certificate. If No, you will be required to attend this
class before closing on the property.                                class before closing on the property.
Identify the type of home you wish to purchase:                      Identify the type of home you wish to purchase:
    non-foreclosed home                                                  non-foreclosed home
    foreclosed home                                                      foreclosed home

Identify your status as a homebuyer:                                 Identify your status as a homebuyer:
   First time homebuyer                                                 First time homebuyer
   Non-first time homebuyer                                             Non-first time homebuyer




         Anoka County Down Payment Assistance Application                                                           Page 5
Household Information
List the names of all individuals who will reside in the household in addition to the Applicant and Co-Applicant
                                                            Relationship to               Student         Social Security       Income
             Name                       Birthdate        Applicant/Co-Applicant         (Yes or No)          Number           (Yes or No)




Property Information
Address of property to be purchased - (If not yet determined, this section may be left blank)

List price of Property: $
Appraised Value of Property: $
Year Property Built:
Is the property currently vacant?     YES     NO
Identify type of property:
    Existing Construction (pre-owned)
    New Construction, housing built, not previously occupied


Income Documentation
If you select any of the following forms of income, documentation must be attached to this application for verification. Do NOT submit
originals.
Has any member of the household 18 years and older received, or is expected to receive in the next 12 months, the following: (Three (3)
months of documentation must be submitted if any are selected)
                       Wages, salaries, overtime pay, commissions, fees, tips, bonuses, or other compensation
                       Income or gain from CD’s, money market accounts, brokerage accounts, stocks, bonds, or Treasury Bills
                       Periodic payments from Social Security, disability/death benefits, pensions, retirement funds, annuities, insurance
                       policies, or similar types of periodic benefits payments
                       Payments in lieu of earnings, such as unemployment and disability compensation, workers compensation or
                       severance pay
                       Welfare assistance or TANF benefits
                       Child support, spousal support/alimony, or regular contribution or gifts from persons not residing in the household
                       including scholarships, parental gifts for tuition, etc.
                       Revocable trust
                       Lump sum payment or receipt of inheritances, capital gains, lottery winnings, victims’ restitution or insurance
                       settlements
                       Real estate other than the primary residence or other capital investments

Does any member of the household have any of the following: (Three (3) months of documentation must be submitted if any are
selected)
                   Checking account
                   Savings account
                   Retirement, pension, IRA, Koegh fund accounts
                   Life insurance policy available before death (whole or universal life insurance)
                   Holding of personal property as an investment
                   Mortgage or deed of trust
                   Interest or payments from Indian Land Trust(s)


        Anoka County Down Payment Assistance Application                                                             Page 6
Mortgage/Realtor Information
                                                                  FHA        Conventional      Veterans Administration
                                            Type of Loan          Fannie Mae / Freddie Mac
                                                              Interest Rate:      % FIXED RATE for      years
                                                                    Company

Loan Information                                                  Loan Officer
                                                                      Address
                              Mortgage Lending Company
                                                               Phone Number
                                                                          Fax
                                                                       E-mail
Realtor Contact                            Realtor Name
Information,                          Affiliated Company
if applicable                                    Address
                                                  Phone
                                                        Fax
                                                   E-mail
Title Company                        Title Company Name
Information,                         Closing Officer Name
if applicable                                    Address
                                                  Phone
                                                        Fax
                                                   E-mail




     Anoka County Down Payment Assistance Application                                                      Page 7
 Conflict of Interest Provision

The conflict of interest provision of the federal program applies to any individual, business, or private entity receiving federal
assistance, who has any family, business, contract or subcontract ties to: an employee, agent, consultant, officer, or elected
official or appointed official of Anoka County, HOME/CDBG/NSP designated public agencies, or subrecipients that are
receiving funds for their tenure or for one year after. If there are questions in regards to your participation with this
program all information needs to be disclosed and Anoka County will work with HUD to determine your eligibility. If it is
later found that a conflict of interest occurred and was not reported, the loan balance will immediately become due and
payable.



   No conflict of interest.

   Yes, there is a conflict of interest. Please contact me to discuss my eligibility.



I/We have read and completed the Down Payment Assistance program eligibility application and understand that my/our
answers to all of the previous questions and the statements I/we have made are true and correct to the best of my/our
knowledge and belief. I understand that any conflict of interest must be immediately disclosed. I/we authorize Anoka
County and the US Department of Housing and Urban Development to contact any source to solicit and/or verify information
necessary for an eligibility determination for the purpose of the program. I/we also agree to provide Anoka County with any
information necessary to verify my/our credit worthiness. I/we understand that any discrepancy or omissions in the
information I/we have provided may disqualify me/us from participation in the program. If such discrepancies or omissions
are discovered after any loan is approved or granted to me/us, I/we understand that any outstanding loan balance will
immediately become due and payable.



________________________________________                 _______________
Signature of Applicant                                          Date




________________________________________                 _______________
Signature of Co-Applicant                                       Date




WARNING: Title 18, Section 1001 of the U.S. Code states that a person is guilty of a felony for knowingly and willingly making
false or fraudulent statements to any department of the United States Government.




          Anoka County Down Payment Assistance Application                                                               Page 8
Down Payment Assistance Program Affidavit
I/We certify that the information contained in all required and signed program-related documents submitted is true and correct.
I/We further certify that:
     I am (We are) a U.S. citizen or I/we have legal permanent resident status.
     The house I/we purchase will be my/our principal place of residence.
     I/We will notify Anoka County in writing if the home ceases to be my/our principal residence.
     The following is a list of all persons, including myself, who will occupy the home after closing:
          Name                                                  Age             Relationship            Gross Monthly Income
                                                                                Head of Household       $




I/We further certify that I/We will comply with the 5-year Affordability Period attached to the property as described in the formal
Repayment Agreement, which will be signed at the closing of the property.
    1. I/We agree to take such steps and execute such documents to insure that the housing unit shall be maintained in
         compliance with the Federal Act for a period of five(5) years from the date hereof. To that end, I/We hereby agree to the
         following:
              a. During the Affordability Period the property will be the principal residence of an owner whose family qualifies as
                  a “low income family” as defined in 24 CFR Section 92.254 (a)(3)&(4), at the time of purchase.
              b. If the buyer sells, refinances, or no longer occupies the home as his/her principal residence during the five year
                  affordability period, the balance of the loan becomes immediately due.
              c.   These affordability restrictions terminate upon the expiration of the Affordability Period.
I/We certify further certify that:
        Down Payment Assistance funds provided will be not less than $1,000 and will not exceed $10,000 in a 0% interest,
         deferred forgivable loan.
        A repayment agreement will be filed against the property.
        Properties purchased with Down Payment Assistance funds must meet all applicable state and local housing quality
         standards and code requirements as outlined in the Down Payment Assistance Program Policy. If there are no such
         standards or code requirements, the housing must meet the quality standard in 24 CFR 982.401.
        Borrower(s) purchasing a foreclosed home will have to pay back 100% of the HOME funds if the property does not meet
         inspection requirements (as outlined in the Down Payment Assistance Program Policy) within 120 days of the home
         purchase.
        At the time of closing, the household may earn no more than 80% median income for Anoka County as established by the
         U.S. Department of HUD.
        Down Payment Assistance funds will be used for down payment assistance and reflected in the final HUD1 Settlement
         Statement.
        The first lien mortgage loan must be a fully amortized, fixed-rate loan of up to 30 years, with an interest rate that does not
         exceed the prevailing market rates for conforming loans.
        A homebuyer education class must be completed before closing.




         Anoka County Down Payment Assistance Application                                                             Page 9
Down Payment Assistance Program Affidavit

                                            Household Demographic Data:

                                    Applicant                                         Co-Applicant
                Applicant Name:                                      Co-Applicant Name:


                Ethnicity: (select only one)                         Ethnicity: (select only one)
                   Hispanic or Latino                                    Hispanic or Latino
                   Not Hispanic or Latino                                Not Hispanic or Latino
                Gender:        Male           Female                 Gender:        Male           Female
                Race: (select one or more)                           Race: (select one or more)
                           White                                                White
                           Black/African American                               Black/African American
                           Asian                                                Asian
                           American Indian/Alaska Native                        American Indian/Alaska Native
                           Native Hawaiian/Other Pacific Islander               Native Hawaiian/Other Pacific Islander
                           American Indian/Alaska Native & White                American Indian/Alaska Native & White
                           Asian & White                                        Asian & White
                           Black/African American & White                       Black/African American & White
                           American Indian/Alaska Native &                      American Indian/Alaska Native &
                         Black/African American                               Black/African American
                           Other Multi Racial                                   Other Multi Racial


    I/We hereby submit the information contained in the attached Application, income documentation and other
    furnished documents to be considered for the Anoka County Down Payment Assistance program.

    I (we) read and completed this Affidavit, including income and assets and demographic information in connection
    with the Foreclosure Down Payment Assistance Fund application I/we understand that any discrepancy or
    omissions in the information I/we have provided may disqualify me/us from participation in the program. If such
    discrepancies or omissions are discovered after any loan is approved or granted to me/us, I/we understand that
    any outstanding loan balance may immediately become due and payable.



    ________________________________________             _______________
    Signature of Applicant                                      Date




    ________________________________________             _______________
    Signature of Co-Applicant                                   Date




    WARNING: Title 18, Section 1001 of the U.S. Code states that a person is guilty of a felony for knowingly and
    willingly making false or fraudulent statements to any department of the United States Government.




    Anoka County Down Payment Assistance Application                                                            Page 10
Data Privacy
                        Anoka County Down Payment Assistance Program
                NOTICE OF RIGHTS CONCERNING THE INFORMATION YOU SUPPLY TO
                                       ANOKA COUNTY
In accordance with the Minnesota Government Data Practices Act (“MGDPA”), Anoka County (“County”) is required to
inform you of your rights as they pertain to private information collected from you. Private data is that information
held by the county that is available to you but not to the public.

The private data collected from you, or from other agencies or individuals authorized by you, is used to determine your
eligibility for the Anoka County Down Payment Assistance program. You are not required to provide information
relating to your marital status, race, ethnicity, or citizenship, but it is requested for federal reporting, statistical
information and monitoring purposes. All other information is required to determine your eligibility for assistance from
the county. If you choose not to supply the required information, Anoka County will not be able to determine your
eligibility for this program.

The dissemination and use of private data the county collects is limited to that necessary for the administration and
management of the Anoka County Down Payment Assistance program. Persons or agencies with whom this
information may be shared are:

      1.   Anoka County personnel involved in administering the Anoka County Down Payment Assistance program;
      2.   Anoka County personnel involved in administering the Home Investment Partnerships program;
      3.   Authorized personnel from the United States Department of Housing and Urban Development;
      4.   Federal, state, local and contracted auditors;
      5.   Law enforcement personnel in the case of suspected criminal activity; and,
      6.   Those individuals or agencies to which you give your express written permission for release of information.

Unless otherwise authorized by state or federal law, other government agencies utilizing the reported private data
must also treat the information as private.

You may wish to exercise your rights as contained in the MGDPA. Those rights include:
   1. The right to see and obtain copies of the data maintained on you.
   2. The right to be told the contents and meaning of the data.
   3. The right to contest the accuracy and completeness of the data.

I have read and understand the above information regarding my rights relative to the collection of personal data for
government programs.


_____________________________________                     _________________________________________
Applicant                        Date                     Co-Applicant              Date




       Anoka County Down Payment Assistance Application                                                   Page 11
Authorization to Release Information

I have applied for a loan or grant through Anoka County. As part of the application process, employees of Anoka
County may verify information contained in my/our loan or grant application and in other documents required in
connection with the loan, including, but not limited to employment history, income, assets, bank, money market and
other financial account balances; credit history; child care expenses; handicap assistance expenses; medical expenses;
copies of income tax returns and property information.

A copy of this authorization may be accepted as an original.




 Applicant (Print Name)                           Social Security Number                        Date



 Signature




 Co-Applicant (Print Name)                        Social Security Number                        Date



 Signature




       Anoka County Down Payment Assistance Application                                                  Page 12
Subordination Disclosure
         If you wish to refinance your home or take out a home equity loan in the future, please review carefully!

FYI: Anoka County’s Repayment Agreement is, by state law, considered a “special mortgage” and, as such, the homeowner may be
required to attend debt counseling as part of the refinance process.

The County records liens on property according to the date they were filed. The older the date the higher the payoff position.
Usually, the primary mortgage is in 1st position, the next lien in order of date is in 2nd position, and so on. If you chose to sell or
refinance your property, whatever is left over after payment of all liens on the property is considered “equity” for the homeowner.

All lenders want to be in the highest payoff position possible because they have a better chance of being fully repaid. As a result,
the lender you use to refinance your current mortgage or to obtain a home equity loan may approach the holder of your existing
lien (in this case, Anoka County) to request that they subordinate, or allow the new loan to take a higher payoff position than the
county’s existing lien. For Anoka County to agree to subordinate, certain requirements as noted below must be met.

    1.    Subordination Requests - Requests for subordination of an Anoka County lien will be considered after the lender has
          completed and submitted a Subordination Request form (Anoka County will provide upon request) which includes the
          following:
               a. The reason for the subordination.
               b. Info on all active loan(s) including: current balance, term, interest rate and whether the rate is fixed or
                   adjustable.
               c. The amount of the new loan, the term, interest rate and whether the rate is fixed or adjustable.
               d. The full name of the lending institution as it would appear on the subordination, if granted.
               e. A copy of the prepared title work which shows any other lien/s secured by the property.
               f. A copy of the current property appraisal.
               g. A copy of the Good Faith Estimate signed and dated by the applicant/s.
               h. Income verification.
               i. Upon closing, submit a completed HUD-1 (Closing Statement) form signed by applicant/s.

    2.    Approved Costs and Liens
             a. Borrowers shall be allowed to include reasonable closing costs and settlement costs to the extent typical in the
                 industry for a new mortgage.
             b. Only existing mortgages that were originated prior to the Anoka County Lien may be included in the new
                 mortgage.

    3.    Denial of Subordination Requests - Anoka County will not subordinate it’s lien in situations including, but not limited to:
              a. The proposed mortgage does not conform to current State of Minnesota lending practices as regulated by
                   Minnesota Statutes 58 et seq.
              b. Mortgages using more than 40% of the gross monthly household income towards P.I.T.I (principal, interest, taxes
                   & insurance). If taxes and insurance are not included in the monthly mortgage payment, Anoka County will
                   divide annual costs by 12 months and add to the proposed monthly payment to determine payment to income
                   ratio.
              c. Consolidation of mortgages originated after the Anoka County lien.
              d. If the annual household income exceeds 80% of the area median income.
              e. The borrower is receiving cash back from the mortgage company or other source as a result of the refinance.
              f. The funds secured by the proposed new mortgage are being provided for consolidation and payoff of personal
                   debts of the borrower or another.
              g. The borrower is delinquent, or in arrears, on payment of their real estate taxes, federal or state income tax, or
                   bankruptcy payments.
              h. The county’s payoff position moves to 3rd or lower than it currently is.
              i. Reverse Mortgages will not be subordinated.


          Anoka County Down Payment Assistance Application                                                             Page 13
             j.   Down Payment Assistance and NSP Incentive Fund Assistance received from Anoka County will not be
                  subordinated.

    4.   Subsequent Subordination Requests - Subordination requests are handled on a case-by-case basis. If a subordination is
         granted, only one per property will be allowed.

    5.   Processing Subordinations
             a. Please allow a minimum of ten (10) working days for the county to process requests for subordinations. The 10-
                 day minimum starts once the county has received the required documentation from the party requesting the
                 subordination.
             b. Subordination requests will be processed by the Community Development department staff, who will then
                 submit the request, with a recommendation for action, to the Division Manager. The Division Manager will
                 approve or deny all requests for subordination.

    6.   Satisfaction of Mortgage/Agreement
         If the property is being sold or if the subordination is denied and the client wants to continue the refinance, the county’s
         lien must be paid in full. Upon request, the county will provide a payoff statement to the lender or title company. At
         closing, a payoff check should be cut and delivered to Anoka County. A Satisfaction of Agreement will be drafted and
         recorded on the property. The recorded Satisfaction of Agreement removes the existing Anoka County lien from the
         property.


I have read the Anoka County Subordination Policy and understand the requirements that apply should I choose to refinance or
obtain a new mortgage on my property.

I understand what a Satisfaction of Mortgage/Agreement is and how it applies to me if I do not qualify for a subordination or
choose to sell my home.


           ______________________________________________                        ____________________
           Signature                                                              Date

           _______________________________________________                       ____________________
           Signature                                                              Date




         Anoka County Down Payment Assistance Application                                                             Page 14
                                   INSPECTION AGREEEMENT
                  FOR THE ANOKA COUNTY DOWN PAYMENT ASSISTANCE PROGRAM
                             INSPECTION STANDARDS / VISITABILITY


I,                                  , as an applicant(s) to the Anoka County Down Payment
Assistance (DPA) program hereby agree to and understand the following:

       An inspection is required of each property purchased with DPA funds. This inspection will be
        performed by an Anoka County representative prior to closing. Properties must meet all
        applicable state and local housing quality standards and code requirements. If there are no such
        standards or code requirements, the housing unit must meet the quality standard in 24 CFR
        982.401. This inspection is NOT to guarantee the condition of the property but to ensure the
        property meets federal program requirements.
       This inspection in no way should serve in lieu of a pre-purchase inspection of the property.
        Anoka County encourages the Buyer/Purchaser to obtain a separate inspection or report that
        addresses the condition of the home.
       I (we) understand that all utilities must be functioning for the inspection to occur.
       I (we) understand that if purchasing a non-foreclosed home, all repairs identified through the
        inspection must be completed prior to closing, as a condition of participation in the DPA
        program.
       I (we) understand that if purchasing a foreclosed home, all repairs identified through the
        inspection must be completed within 120 days of closing, as a condition of participation in the
        DPA program. Follow up inspections will be required to assure that necessary repairs identified
        in the initial inspection are completed satisfactorily. Borrower(s) who purchase a foreclosed
        home will have to pay back 100% of the Down Payment Assistance funds if the property does
        not meet inspection requirements within 120 days of the home purchase.
       If lead-based paint hazards are found at the time of the inspection, a certified contractor must
        remove or abate the hazards using HUD’s safe work practice methods.




Subject Property Address:
                            ______________________________________________________________




________________________________________                _______________
Signature of Applicant                                  Date


________________________________________                _______________
Signature of Co-Applicant                               Date




Anoka County Down Payment Assistance Application                                                Page 15
                          ANOKA COUNTY DOWN PAYMENT ASSISTANCE PROGRAM
                             Voluntary Acquisition/General Information Notice
Date:

Property Address being sold:

Owner(s)/Seller(s) Name(s):

Buyer(s) Name(s):

Dear Owners/Sellers:

The property referenced above is believed to be owned by you and is being considered for purchase. Because
Federal funds may be used in the purchase of your property, we are required to disclose the following information
by the U.S. Department of Housing and Urban Development (HUD) in accordance with the Uniform Relocation
Assistance and Real Property Acquisition Policies Act as amended (URA), Section 24.101(b)(2):

     1.   The proposed sale is voluntary. In the event negotiations fail to result in an agreement, the property will
          not be acquired by either voluntary purchase or eminent domain.
     2.   The fair market value of the property is estimated to be $                        . However, since this
          transaction is voluntary, current or future negotiations may result in a difference price that may be the
          same, higher or lower than this amount.
An owner-occupant who sells his or her property under these terms does not qualify as a displaced person for
relocation payment. Additionally, any person who occupies the property for the purpose of obtaining assistance
under the URA does not qualify as a displaced person. However, tenant-occupants displaced as a result of a
voluntary acquisition may be entitled to URA relocation assistance and must be informed in writing as soon as
feasible.
In accordance with HUD requirements, if the information provided above is disclosed after an option to purchase
or contract has been executed between the Buyer(s) and the Seller(s), the Seller(s) must be provided the
opportunity to withdraw from the agreement.
Any title deficiencies, liens, or encumbrances on the property must be cleared prior to any closing. Generally, this
is a cost that is borne by the Seller(s) of the property; however, payment of these costs may be negotiated
between the Buyer(s) and Seller(s). No federal funds can be used to pay these costs.
Again, please understand that if you do not wish to sell your property, no further action will be taken to acquire it.
If you have questions about this notice or the URA Appraisal requirements, please contact, Lana Burczek at 763-
323-5708.
                                                ACKNOWLEDGMENT

The undersigned (Seller) hereby acknowledges receipt of this Voluntary Acquisition Information Notice dated
            .

Signature:

Date:

Name (print):

Title:




Anoka County Down Payment Assistance Application                                                              Page 16
Signature Page
I/We hereby submit the information contained in the attached Application, including submission of income and asset
documentation, and other furnished documents to be considered for the Anoka County Down Payment Assistance Program. I/We
have read and completed all forms in connection with this application. I/We understand that any discrepancy or omissions in the
information I/we have provided may disqualify me/us from participation in the program. If such discrepancies or omissions are
discovered after any loan is approved or granted to me/us, I/we understand that any outstanding loan balance may immediately
become due and payable.




          ______________________________________________                        ____________________
          Applicant Signature                                                   Date

          _______________________________________________                       ____________________
          Co-Applicant Signature                                                 Date



WARNING: Title 18, Section 1001 of the U.S. Code states that a person is guilty of a felony for knowingly and willingly making false
or fraudulent statements to any department of the United States Government.




        Anoka County Down Payment Assistance Application                                                             Page 17

				
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