LOAN INFORMATION REVIEW/WORKSHEET
Date Prepared:
FOR AHFC USE ONLY
Prepared By:
Lender Loan No.:
Underwriter Signature:
Underwriter Phone:
Lender:
Preparer Phone:
Full Underwriting by AHFC
Delegated Underwriting
Program Compliance Underwriting
Certificate Date:
TM
HomeChoice
Commitment Term:
Borrower(s):
Lender Fax:
Urban
180 Days (1/2%)
120 Days (3/8%)
Rural
180 Days (1/8%)
120 Days (1/8%)
60 Days (1/4%)
SSN(s):
1.
2.
1.
2.
-- LOAN INFORMATION -Loan Type:
Conventional
VA
FHA
RD
HUD184
Urban:
Taxable
VMP
Tax-Exempt
VTEP
Taxable FTHB
Non-Conforming I
Non-Conforming II
Rural:
Owner Occupied
Non-Owner Occupied
Options:
Second
Reductions:
Other:
AHELP
IRRLIB
Energy
Proposed Energy
RELP
State Vet
Refinance
Streamline Refi
IRRLIB
.5%
1.0%
EEIRR:
RELP
1.0%
1.5%
BUYDOWN:
Loan Amount:
5+
6
Steps:
GAS:
With
Without
%
Loan Term:
$
Months
-- PROPERTY -Property Type:
SFR
Duplex
Triplex
Type II MH
PUD
Condo
Fourplex
Type I MH
Project No.:
Property Address:
Legal/Condo Description:
Year Built:
Sales Price:
Existing
$
New
Owner Builder
Appraised Value
Renovation
$
-- BORROWER -First-Time Homebuyer:
Yes
No
No. in Household:
Adults:
Borrower:
Age:
Race:
Gender:
Co-Borrower:
Age:
Race:
Gender:
Effective Monthly Income:
$
Representative Credit Score:
Total Debt Ratio:
Form UND-3
07/13
INTEREST RATE CALCULATION WORKSHEET
For Lender’s Use Only • Do Not Submit to AHFC
RURAL: Rate applies to first $250,000. Calculated prior to EEIRR, RELP, IRRLIB or State Veterans.
Loan amounts exceeding $250,000 - blend using the Rural Rate + 1.0%.
$250,000 x ________% = ____________ (a) Loan Amount Exceeding $250,000 $_____________ x ____________% = ______________ (b)
(Rural Rate)
(Rural Rate +1%)
Total of (a) + (b) = ________________ ÷ ____________________ = ____________% *Blended Interest Rate = ____________________%
(Total Loan Amount)
(Round up to nearest .125%)
*Blended Interest Rate becomes Program Rate for further reductions below.
INTEREST RATE BUYDOWN: Apply prior to EEIRR, RELP, IRRLIB, or State Veteran
Discount _________%
Interest Rate Buydown Requested: __________________
(Discount Fee: 30-year Term - .50% for each .125% / 15-year Term - .45% for each .125%)
EEIRR: Apply to first $200,000 (Circle Category, Rating, % of Interest Rate Reduction)
New Construction
Existing Construction
Rating
5+
6
With Gas
.250%
.375%
Without Gas
.375%
.500%
Improvements
1 Steps
2 Steps
With Gas
.125%
.250%
Without Gas
.250%
.375%
.125%
.250%
.250%
.375%
3 Steps
4 Steps
.500%
.625%
.625%
.750%
5+
6
Final Energy Rating:
RELP: Apply to first $200,000
Family Size (circle one):
1
Interest Rate Reduction (circle one):
2
3
4
2
3
4+
5
6
IRRLIB: Apply to first $180,000
Family Size (circle one):
1
7
1
1.5%
Income Limit: __________________
8+
Interest Rate Reduction (circle one):
.50%
1.0%
Income Limit: __________________
Apply to first $50,000 Interest Rate Reduction: 1.0%
STATE VETERANS PREFERENCE:
Family Size (circle one):
1.0%
2
3
Income Limit: __________________
4+
CALCULATE INTEREST RATE
Step One: (Complete if an Interest Rate Reduction applies)
A.
Program Rate:
Interest Rate Buydown:
B.
Adjusted Program Rate:
Energy Rate Reduction:
RELP Rate Reduction:
IRRLIB Rate Reduction:
State Veterans Preference:
C.
Adjusted Interest Rate:
($200,000)*
($200,000)*
($180,000)*
($50,000)*
-
%
%
-
%
%
%
%
%
%
Step Two: (Complete if a Blended Interest Rate applies)
Maximum Loan Amount
*
Adjusted Interest Rate (C above)
x
=
(a)
x
=
(b)
Loan Amount Exceeding Maximum
Adjusted Program Rate (B above)
D.
Note:
Total of (a) plus (b)
=
÷
Blended Interest Rate
=
%
(Total Loan Amount)
(Round up to nearest .125%)
1. If the loan amount on a Rural loan exceeds $250,000, calculate the blended interest rate before applying additional interest rate reductions.
2. Calculate EEIRR prior to the RELP, IRRLIB, or State Veterans Preference.
3. Blended Interest Rate (D) becomes the Adjusted Program Rate for further reductions.
4. Repeat step two for multiple blended rates.
Page 2
Form UND-3
07/13