Reference Guide Page 2

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Closed Loan Checklist
IDAHO HOUSING and FINANCE ASSOCIATION LENDER CHECKLIST
Idaho Housing Loan # __________________ Borrower Name __________________________________________________
Lender Contact _________________________________________
Lender Contact Phone ________________________
Lender Contact Email __________________________________________________________________________________
+
Final 1003.FNM uploaded in "Lender Connection" web portal.
+
"Lender Connection" loan information completed online.
+
Documents delivered electronically in "Lender Connection" web portal.
Original FINAL documents mailed to Idaho Housing and Finance Association, 565, W. Myrtle, Boise, ID 83702
+
Original 1st Mortgage Note endorsed to Idaho Housing and Finance Association
Copy of Fist Mortgage with all applicable riders*
Copy of the assignment to the Mortgage endorsed to Idaho Housing and Finance Association, Its successors and/or
assigns, P.O. Box 7899, Boise, ID 83707-7899 (if not utilizing MERS)*
Copy of subordinate financing documents, i.e. Second Mortgage Note and Deed of Trust
CHFA DAP (subordinate financing) Copy of executed Commitment Letter only.
Final HUD-1 for both buyer and seller, fully executed
Initial Escrow Account Disclosure
Final Truth-in-Lending Disclosure
Goodbye Letter notifying borrower of IHFA's Loan Number, payment amount and new servicer (Idaho Housing and
Finance Association, P.O. Box 7899 Boise, Idaho 83707-7899)
4506T Copy, if applicable
Final Title Insurance policy with chain of title and property tax information
Copy of Deactivated Title for Manufactured Homes showing property as Real Property, if applicable
Hazard Insurance Binder showing Idaho Housing and Finance Association as Mortgagee with IHFA's Loan Number
Condo Master Insurance Binder
Condo Hazard Insurance Binder "walls in", if applicable
Flood Hazard Determination, for continued life of loan monitoring, must be transferred to Idaho Housing and Finance
Flood Hazard Insurance Binder, if applicable - Min/Max deductibles currently allowed under NFIP
USDA - RD - Conditional Commitment 3555-18, if applicable
USDA - RD - Guaranteed Loan Closing Report 1980-19
USDA - RD - Request for Single Family Housing Loan Guaranty 3555-21
Private Mortgage Ins.Certificate w/PMI Cancellation Disclosures assigned to Idaho Housing and Finance Association,
Complete program disclosures including the initial Good Faith Estimate and TIL
Fully executed FHA dislosures, if applicable
Idaho Housing and Finance Association Certificate of Accelerated Delivery Form 1040* (Form on Lender Connection
Legal Address must match the Note, Deed of Trust, Final 1003 Application, AUS Findings and Flood Certificate.
Loan Underwriting Transmittal Summary (FHA, Conventional, USDA or VA)
AUS finding (DU, LP, GUS etc)
FINAL 1003 application, fully executed
Initial 1003 application
Initial FHA/VA Addendum 92900a, if applicable
INS Card, if applicable
VA Certificate of Eligibility, if applicable
Bankruptcy papers, if applicable
Signed and dated credit explanation
Signed and dated inquiry letter
Divorce decree and/or chile support order, if applicable
Tri-merge credit report
Written VOE for each borrower's current employment.
Most current (3) paystubs & (3) years tax returns signed, dated by borrowers, unless targeted area 1 yr tax return
required - W-2's optional - Transcripts acceptable. (if self-employed, 3 yrs tax returns, 2 yrs in targeted area)
The most recent monthly asset statements for all checking/savings or retirement accounts used in qualifying.
Gift Letter, fully executed, if applicable
Evidence gift funds transferred from donor to borrower (not required at initial submission)
Home Buyer Education Certificate, if applicable -or- Landlord Counseling Certificate if multi-family.
Fully-executed FHA Amendatory Clause & Real Estate Certification, signed and dated by all parties, if applicable
Copy of earnest money check
Fully-executed purchase contract with all addenda and counter offers (include legible copy)
Engineers Certification of the foundation, required for all Manufactured Homes
FHA Case # assignment, if applicable
Well, septic inspections, if applicable
New Construction exhibits, if applicable
FHA conditional Commitment or VA NOV
UCDP - Submission Summary Report (FNMA/FHLMC)
Appraisal Report
*Recorded Mtg & Assignment, Title Policy and FHA MIC/VA LGC/USDA-RD LNG must be delivered within 90 days of loan
purchase.
Rev 3-23-15

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