Prior Approval Underwriting Submission Checklist printable pdf download

Smart Start Program -‐ Prior Approval Underwriting Submission Checklist

For use with Smart Start Loan applications made in connection with the Homeward Bound

Purchase Program

BORROWER N AME(S):

Smart S tart L oan N umber: _ ___________________ H omeward B ound L oan N umber: _ ____________________

Homeward B ound F irst M ortgage L oan T ype ( check a pplicable p rogram): _ ____ F HA _ ____ V A _ ____ U SDA

To q ualify f or S mart S tart i n c onjunction w ith a H omeward B ound P urchase P rogram M ortgage L oan, t he B orrower m ust

not have had an ownership interest in a home in the three years prior to the Closing Date. No other Homeward Bound

Purchase P rogram B orrowers q ualify.

Smart Start prior approval underwriting submission packages are to be submitted to the Agency for approval using this

HMFA-‐99 ( SS). T he r equest f or S mart S tart p rior a pproval i s t o b e s ent d irectly t o t he A gency o nce t he H omeward B ound

Loan has been approved by DE Underwriter. The following first mortgage underwriting exhibits and loan approval

documents are required for each prospective Smart Start Loan application submission. Certain exhibits are program

specific, p lease m ake s ure y ou i dentity t he a pplicable l oan p rogram a nd s ubmit e xhibits a nd d ocumentation a ccordingly.

The required documents are to be secured with an ACCO-‐type fastener, and must be arranged in the order listed with

this C hecklist o n t op.

Please b e s ure t o r ead t he a ttached d ocumentation c hecklist i nstructions.

Enc:

Item # :

Required f or:

Form I D:

Document N ame:

Check a ll

that a pply

ALL*

URV

Underwriter’s R eview V erification

FHA

92900 L T

FHA L oan U nderwriting & T ransmittal F orm

26-‐6393

VA L oan A nalysis

26-‐0286

VA L oan S ummary S heet

USDA

RD 1 980-‐18

USDA C onditional C ommitment

USDA

RD 1 980-‐17

USDA L oan N ote G uarantee

FHA

AUS F indings

Automated U nderwriting F indings

ALL*

1003 ( Final)

Uniform R esidential L oan A pplication

ALL*

ILRS R eservation

For F irst M ortgage L oan ( Homeward B ound)

Confirmations ( 2)

For S mart S tart L oan

ALL*

L E

Loan E stimate – S mart S tart S pecific F orm.

Timely issued, executed and dated by Borrowers. All

versions issued together with any Change of

Circumstances (COC) and explanations must be

provided.

ALL*

COS

Contract o f S ale

FHA/VA

FHA A mendatory C lause

ALL*

EMD

Earnest M oney D eposit

ALL*

VOD

Verification o f D eposit.

ALL*

1040

3 y ears s igned F ederal T ax R eturns r equired. S tate T ax

Returns ( if a pplicable).

ALL*

Paystubs

ALL*

Credit R eport

Tri-‐Merge C redit R eport

ALL*

Smart G rowth L ocator M ap

ALL*

1003 (

Initial

& A LL

Uniform R esidential L oan A pplication

COC’S)

* A LL D ENOTES: F HA, V A, a nd U SDA L oans

Please r efer t o C hapter 4 o f t he M ortgage P rogram P olicy a nd P rocedures f or P articipating L enders f or

the S mart S tart P rogram p rocess

Page 1

HMFA-‐99 ( SS)

NJHMFA S mart S tart U W S ubmission C hecklist 6 .1.16

Prior Approval Underwriting Submission Checklist

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