CREDIT UNDERWRITING CHECKLIST
Homeownership Division
SFN 52840 1/16
Instructions: Please COMPLETE this form in its entirety.
Borrower: ___________________________________
Co-Borrower: ___________________________________
Property Address: ______________________________________________________________________________
Lender: _____________________________________
NDHFA Loan #: _________________________________
Income Analysis Worksheet (for each present employer)
Fannie Mae Form 1084, Cash Flow Analysis/Worksheet (self-employed)
Standard Bond/Start/DCA Documentation
NDHFA Compliance Application (Bond only)
NDHFA Compliance Worksheet
NDHFA Subsidy Recapture Tax Disclosure Notice
Start Disclosure
DCA Affidavit of Buyer
DCA Affidavit of Seller
DCA HQS Inspection-Environmental Review
DCA HQS Repair Inspection
NDHFA Sworn Construction Statement
NDHFA Personal Property Addendum
Stated on Purchase Agreement
Approval & Analysis
DU Findings Report/ LP Feedback Certificate, GUS Findings (all pages) (Do not finalize until obtained credit approval)
HUD 92900-LT- FHA Loan Underwriting & Transmittal Summary
HUD 92900-A Firm Commitment/DE Approval
RHS 1980-18 Conditional Commitment (with all conditions)
Private Mortgage Insurance Commitment
Coverage _____________
Reduces Exposure to _____________
VA –6393 Loan Analysis Worksheet
FNMA 1008 Underwriter’s Transmittal (Conventional and RHS loans)
(LDP) Limited Denial of Participation/(SAM) System for Award Management documentation (all loans)
CAIVRS documentation (government loans only)
Loan Application
Final Typed Fannie Mae 1003, Residential Mortgage Loan Application (desktop version only)
Addendum to Fannie Mae 1003 (HUD or VA only; Pages 1 & 2
Initial Fannie Mae 1003, Residential Mortgage Loan Application (handwritten or typed) Dated _________________
Addendum to Fannie Mae 1003 (HUD or VA only); Pages 1 & 2
Received _________________
Purchase Agreement (fully executed) Dated _______ Sales Price _________ Sellers ______________________
Lead Base Paint Disclosure
HUD/VA Escape Clause
Stated on Purchase Agreement
FHA Real Estate Certification
Stated on Purchase Agreement
Appraisal
HUD 92800.5B DE Conditional Commitment (9/04 version)
Evidence of FHA/VA condominium/PUD approval/Provide Declarations/By-laws/All Amendments
Condo Questionnaire (completed & signed by an officer of the association) And minutes of last two assoc. meetings
Party Wall Agreement (twin homes, town homes, etc.)
Private Water System Certification
Private Sewer Systems Certification
New Construction Thermal Standards RD 1980- D Exhibit C
Flood Certification Zone _________
HUD Mortgagee Assurance of Completion (HUD 92300 Part 3)
New Construction Certification or Certificate of Occupancy (with all interim inspections)
HUD 92541 Builders Certification and copy of building permit
HUD 92544 Warranty and application for 10 year warranty (if applicable)
Final Inspection
Interim Inspection(s)
Repairs:
Appraisal Addendum A for NDHFA
Appraisal with photos of subject & comparables Dated
$
(appraised value)
Credit Report
Bankruptcy Petition, Schedule, & Discharge
Judgment, Collection Documents
Foreclosure, Deed-in-Lieu Documents
Written Credit Explanation for Derogatory Credit Items
Credit Report
_____ # of inquiries in the last 90 days
Form of identification with Social Security # (W-9 Form)
North Dakota Housing Finance Agency • 2624 Vermont Ave • PO Box 1535 • Bismarck, ND 58502-1535
SFN 52840
Ph: 701/328-8080 • Fax: 701/328-8090 • Toll Free 800/292-8621 • 800/366-6888 (TTY) (Rev. 1/16)
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