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Professional Mortgage Sales Letter

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                            MFA SINGLE FAMILY PROJECT APPLICATION
                           SCHEDULE A-SF: DEVELOPMENT COST BUDGET

                           Project Name:

    *Round figures to nearest dollar amount

                                           TOTAL ACTUAL
                                                              COMMERCIAL       RESIDENTIAL
                                              COST
    ACQUISITION COSTS
    Land Acquisition                                      0
    Building Acquisition                                  0
    Demolition                                            0
    Other                                                 0
    REHAB/CONSTRUCTION COSTS
    Total Rehab/Construction Costs                        0
    Accessory Structures                                  0
    Contractor Overhead                                   0
    Contractor Profit                                     0
    General Requirements                                  0
    Construction Contingency                              0
    PROFESSIONAL SERVICES/FEES
    Architect (Design)                                    0
    Architect (Supervision)                               0
    Attorney (Real Estate)                                0
    Engineer/Survey                                       0
    Other                                                 0
    Other                                                 0
    CONSTRUCTION FINANCING
    Hazard Insurance                                      0
    Liability Insurance                                   0
    Bridge Loan                                           0
    Performance Bond                                      0
    Interest                                              0
    Origination\Discount Points                           0
    Credit Enhancement                                    0
    Inspection Fees                                       0
    Title and Recording                                   0
    Legal                                                 0
    Taxes                                                 0
    SOFT COSTS
    Market Study                                          0
    Environmental                                         0
    Tax Credit Fees                                       0
    Rent Up                                               0
    Appraisal                                             0
    Accounting/Cost Certification                         0
    Other                                                 0
    DEVELOPER/SPONSOR FEES
    Developer/Sponsor Fee                                 0
    Reserves                                              0
    Consultant Fee                                        0
    Total Development Cost                                0                0                 0




e68d199c-9191-47fb-97fb-56b8d02f8190.xls\Dev Cost Budget (A-SF)                      Rev. 11/2001
                                                          MFA SINGLE-FAMILY PROJECT APPLICATION
                                                    SCHEDULE B-SF: PLAN DESCRIPTION AND SALES PROCEEDS



       Project Name                                            Total Units in Project
       County



SECTION A: PLAN DESCRIPTIONS FOR HOME UNITS
                                                                               A        B           C    D   E        Total
    1 Bedrooms
    2 Baths
    3 Stories
    4 Square Feet
    5 Total Development Cost Per Unit
    6 Estimated Value After Construction
    7 Target Sales Price
    8 Number of Units                                                                                                    0



SECTION B: PER UNIT SALES PROCEEDS FOR HOME UNITS
      Type                      Source                                         A        B           C    D   E
    9 First Mortgage
   10 Second Mortgage
   11 Third Mortgage
   12 Fourth Mortgage
   13 Grants or Donations
   14 Buyer's Cash Down
   15 Down Payment Assistance
   16 Other
   17 SUBTOTAL (sum of 9 through16)                                           0         0           0    0   0
   18 Buyer's Closing Costs Included in Mortgages
   19 TOTAL PER UNIT PROCEEDS (17 minus18)                                    0         0           0    0   0



SECTION C: TOTAL SALES PROCEEDS FOR HOME UNITS (Section B x Section C line 20)
      Type                     Source                              A                    B           C    D   E        Total
   20 Number of Units                   0                                     0         0           0    0   0           0
   21 Total First Mortgages             0                                     0         0           0    0   0           0
   22 Total Second Mortgages            0                                     0         0           0    0   0           0
   23 Total Third Mortgages             0                                     0         0           0    0   0           0
   24 Total Fourth Mortgages            0                                     0         0           0    0   0           0
   24 Grants or Donations               0                                     0         0           0    0   0           0
   26 Buyer's Cash Down                 0                                     0         0           0    0   0           0
   27 Down Payment Assistance           0                                     0         0           0    0   0           0
   28 Other                             0                                     0         0           0    0   0           0
   29 SUBTOTAL (sum of 21 through 28)                                         0         0           0    0   0           0
   30 Buyer's Closing Costs Included in Mortgages                             0         0           0    0   0           0
   31 TOTAL PROJECT PROCEEDS (29 minus 30)                                    0         0           0    0   0           0




                                                                                                                 Rev. 11/2001
                                                          MFA SINGLE FAMILY PROJECT APPLICATION
                                                  SCHEDULE C-SF: HOMEBUYER AFFORDABILITY ANLAYSIS


        Project Name                                                                                              Total Units in Project
        County



SECTION A: LOAN TERMS
                                                                                                         1                         2
        Mortgages                 Lender                                                      Interest                     Term            Notes
   1 First Mortgage                                                                                      0.000%                  0
   2 Second Mortgage                                                                                     0.000%                  0
   3 Third Mortgage                                                                                      0.000%                  0
   4 Fourth Mortgage                                                                                     0.000%                  0
    1
        express as annual percentage rate
    2
        express in years; enter zero for soft mortgages with no payments and that are "due on sale or refinance"




SECTION B: HOMEBUYER CLOSING SOURCES AND USES FOR HOME UNITS
        Buyer Uses                                                                        A                  B                    C                  D             E
   5 Target Sales Price
   6 Closing Costs
   7 TOTAL NEEDED TO CLOSE (sum of 5 and 6)                                               0                  0                   0                   0             0
        Buyer Sources
   8 First Mortgage
   9 Second Mortgage
  10 Third Mortgage
  11 Fourth Mortgage
  12 Grants or Donations
  13 Buyer's Cash Down
  14 Downpayment Assistance
  15 Other
  16 SUBTOTAL (sum of 8 through 15)                                                       0                  0                   0                   0             0
  17 Buyer's Cash for Closing Costs
  18 Closing Cost Assistance
  19 SUBTOTAL (sum of 17 through 18)                                                      0                  0                   0                   0             0
  20 TOTAL BUYER SOURCES (sum of 16 and 19)                                               0                  0                   0                   0             0
  21 SURPLUS / (DEFICIT)                                                                  0                  0                   0                   0             0


SECTION C: MONTHLY MORTGAGE PAYMENTS AND EXPENSES FOR HOME UNITS
        Payment                                                                           A                  B                    C                  D             E
  22 First Mortgage P&I                                                                   0                  0                   0                   0             0
  23 Second Mortgage P&I                                                                  0                  0                   0                   0             0
  24 Third Mortgage P&I                                                                   0                  0                   0                   0             0
  25 Fourth Mortgage P&I                                                                  0                  0                   0                   0             0
  26 Real Estate Taxes
  27 Hazard Insurance
  28 Flood Insurance
  29 Mortgage Insurance
  30 Other Fees
  31 TOTAL EXPENSES (sum of 22 through 30)                                                0                  0                   0                   0             0

                                     1
  32 Max. Expense/Income Ratio
  33 Min. Monthly Eligible Income (31 divided by 32)                            #DIV/0!           #DIV/0!              #DIV/0!             #DIV/0!       #DIV/0!
  34 Min. Annual Eligible Income                                                #DIV/0!           #DIV/0!              #DIV/0!             #DIV/0!       #DIV/0!
  35 Annual County AMI for HH Size
  36 Percent of AMI for Target HH                                               #DIV/0!           #DIV/0!              #DIV/0!             #DIV/0!       #DIV/0!
    1
        ratio does not include consumer debt




                                                                                                                                                           Rev. 11/2001
                                                MFA SINGLE FAMILY UNDERWRITING SPREADSHEET
                                                        SCHEDULE D-SF: SOURCES AND USES

          Project Name                                                                    Total Units
          County                                                                                                   1
          Developer



SECTION A: PERMANENT SOURCES AND USES                                                              PROJECT                TYPE
           Uses of Funds
          TOTAL DEVELOPMENT COST (from schedule A)                                                                 0
          Sources of Funds
          Total First Mortgages                                                                                    0
          Total Second Mortgages                                                                                   0
          Total Third Mortgages                                                                                    0
          Total Fourth Mortgages                                                                                   0
          O ther Grants or Donations                                                                               0
          Buyer's Cash Down                                                                                        0
          Downpayment Assistance                                                                                   0
          Other                                                                                                    0
          SUBTOTAL                                                                                      0          0
          Buyer's Closing Costs Included in Mortgages                                                              0
          TOTAL PROJECT SALES PROCEEDS                                                                  0          0
          Other Sources                                                                                            0
          TOTAL PERMANENT SOURCES                                                                       0          0
          PERMANENT SURPLUS / (DEFICIT)                                                                 0          0



SECTION B: CONSTRUCTION SOURCES AND USES                                                           PROJECT   PER UNIT     TYPE
           Uses of Funds
          TOTAL DEVELOPMENT COST (from schedule A)                                                                 0
          Developer Fee at 5% of (TDC-Dev Fee)                                                                     0
          Marketing Fee                                                                                            0
          Other Cost not Incurred During Construction                                                              0
          Other                                                                                                    0
          Other                                                                                                    0
          Other                                                                                                    0
          SUBTOTAL COSTS NOT INCURRED DURING CONSTRUCTION                                               0          0
          TOTAL CONSTRUCTION USES                                                                       0          0
          Sources of Funds
          Construction Loan 1                                                                                      0
          Construction Loan 2                                                                                      0
          Construction Loan 3                                                                                      0
          HOME                                                                                                     0
          Other                                                                                                    0
          Other                                                                                                    0
          Other                                                                                                    0
          TOTAL CONSTRUCTION SOURCES                                                                    0          0
          CONSTRUCTION SURPLUS / (DEFICIT)                                                              0          0



SECTION C: BUYER CLOSING SOURCES AND USES                                                          PROJECT                TYPE
           Uses of Funds
          Take-Out Constrcution Loan 1                                                                             0
          Take-Out Constrcution Loan 2                                                                             0
          Take-Out Construction Loan 3                                                                             0
          Convert HOME from Construction to Permanent Buyer Mortgage                                               0
          Developer Fee                                                                                            0
          Marketing Fee                                                                                            0
          Other Cost not Incurred During Construction                                                              0
          Other                                                                                                    0
          Other                                                                                                    0
          Other                                                                                                    0
          Buyer's Closing Costs                                                                                    0
          Other                                                                                                    0
          TOTAL BUYER USES                                                                              0          0
          Buyer Sources
          First Mortgage                                                                                           0
          Second Mortgage                                                                                          0
          Third Mortgage                                                                                           0
          Fourth Mortgage                                                                                          0
          Grants or Donations                                                                                      0
          Buyer's Cash Down                                                                                        0
          Downpayment Assistance                                                                                   0
          Other                                                                                                    0
          SUBTOTAL                                                                                      0          0
          Buyer's Cash for Closing Costs                                                                           0
          Closing Cost Assistance                                                                                  0
          SUBTOTAL                                                                                      0          0
          Construction Surplus / (Deficit)                                                                         0
          TOTAL BUYER SOURCES                                                                           0          0




                                                                                                                        Rev. 11/2001
                MFA SINGLE FAMILY PROJECT APPLICATION
                SCHEDULE E-SF: DEVELOPMENT SCHEDULE
       Project Name:


                                         Scheduled Date: Check if
        ACTIVITY
                                           Month/Year    Completed
Site
   Option/Contract Executed
   Site Acquisition
   Zoning Approval
Financing
   Construction Loan
      Letter of Interest
      Firm Commitment
      Closing
   HOME Funds
      Reservation
      Commitment
      Closing
   Other Loans & Grants
    Type/Source:
      Application
      Award
      Closing
   Other Loans & Grants
    Type/Source:
      Application
      Award
      Closing
Plans & Specifications Completed
Construction Start
Construction Completion
Lease-Up or Sale
Placed-in-Service/C of O




                                                                Rev. 9/2005

				
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Description: Professional Mortgage Sales Letter document sample