Uniform Underwriting and Transmittal Summary y
I.
Borrower and Property Information
Borrower Name
SSN
Co-Borrower Name
SSN
Property Address
Property Type
Project Classification
Occupancy Status
Additional Property Information
1 unit
Freddie Mac
Fannie Mae
E PUD
1 Co-op
Primary Residence
Number of Units
2- to 4- units
P Limited Review New
F PUD
2 Co-op
Second Home
Sales Price
$
Streamlined Review
Q Limited Review Est.
Investment Property
Appraised Value
$
Condominium
Established Project
R Expedited Review New
Property Rights
PUD
Co-op
New Project
Manufactured Housing
Detached Project
S Expedited Review Est.
Fee Simple
Single Wide
Multiwide
2- to 4-unit Project
T Fannie Mae Review
Leasehold
U FHA-approved
Reciprocal Review
Project Name
CPM Project ID# (if any)
II.
Mortgage Information
Loan Type
Amortization Type
Loan Purpose
Lien Position
Conventional
Fixed-Rate—Monthly Payments
Purchase
First Mortgage
FHA
Fixed-Rate—Biweekly Payments
Cash-Out Refinance
Amount of Subordinate Financing
VA
Balloon
Limited Cash-Out Refinance (Fannie)
$
USDA/RHS
ARM (type)
No Cash-Out Refinance (Freddie)
(If HELOC, include balance and credit limit)
Other (specify)
Home Improvement
Second Mortgage
Construction to Permanent
Note Information
Mortgage Originator
Buydown
If Second Mortgage
Original Loan Amount
$
Seller
Yes
Owner of First Mortgage
Initial P&I Payment
$
Broker
No
Fannie Mae
Freddie Mac
Initial Note Rate
%
Correspondent
Terms
Seller/Other
Loan Term (in months)
Broker/Correspondent Name and Company Name:
Original Loan Amount of First Mortgage
$
III.
Underwriting Information
Underwriter’s Name
Appraiser’s Name/License #
Appraisal Company Name
Stable Monthly Income
Present Housing Payment:
$
Borrower
Co-Borrower
Total
Proposed Monthly Payments
0.00
Base Income
$
$
$
Borrower’s Primary Residence
Other Income
$
$
$
First Mortgage P&I
$
0.00
Positive Cash Flow
$
$
$
0.00
Second Mortgage P&I
$
(subject property)
Hazard Insurance
$
0.00
0.00
0.00
Total Income
$
$
$
Taxes
$
Mortgage Insurance
Qualifying Ratios
Loan-to-Value Ratios
HOA Fees
$
Primary Housing Expense/Income
%
LTV
%
Lease/Ground Rent
$
Total Obligations/Income
%
CLTV/TLTV
%
Other
$
Debt-to-Housing Gap Ratio (Freddie)
%
HCLTV/HTLTV
%
Total Primary Housing Expense
$
0.00
Other Obligations
Qualifying Rate
Level of Property Review
Negative Cash Flow
$
Note Rate
%
Exterior/Interior
(subject property)
% Above Note Rate
%
Exterior Only
All Other Monthly Payments
$
% Below Note Rate
%
No Appraisal
Total All Monthly Payments
$
0.00
Bought-Down Rate
%
Form Number:
Other
%
Borrower Funds to Close
Required
$
Risk Assessment
Escrow (T&I)
Verified Assets
$
Manual Underwriting
Yes
No
AUS
Source of Funds
DU
LP
Other
No. of Months Reserves
AUS Recommendation
Interested Party Contributions
%
DU Case ID/LP AUS Key#
LP Doc Class (Freddie)
Community Lending/Affordable Housing Initiative
Yes
No
Representative Credit/Indicator Score
Home Buyers/Homeownership Education Certificate in file
Yes
No
Underwriter Comments
IV.
Seller, Contract, and Contact Information
Seller Name
Contact Name
Seller Address
Contact Title
Contact Phone Number
ext.
Seller No.
Investor Loan No.
Seller Loan No.
Contact Signature
Page 1 of 1
Fannie Mae Form 1008
04/08
Freddie Mac Form 1077
04/08