first time homebuyer loan program - california

CITY OF DUBLIN | Housing Division 1 0 0 C i v i c P l a z a , D u b l i n , C A 9 4 5 6 8

(925) 833-6610 | [email protected] www.dublin.ca.gov/housing/fthlp

FIRST TIME HOMEBUYER L O A N P R O G R A M

Application Packet

http://www.dublin.ca.gov/housing/fthlp�

First Time Homebuyer Loan Program

FTHLP Application Packet 1 5.2021

Dear Interested Homebuyer:

Thank you for your interest in the City of Dublin First Time Homebuyer Loan Program (program, FTHLP)! The FTHLP provides financial assistance, in the form of a deferred payment loan, to qualified first time buyers who wish to purchase a home in the City of Dublin. Loans are available for both below market rate (BMR) and market rate (non-income restricted) homes.

Please review the program overview provided in this application packet as well as the City’s complete FTHLP guidelines (available at www.dublin.ca.gov/housing/fthlp) for a detailed description of applicant qualifications, loan terms and requirements, and program procedures.

FTHLP loans serve as secondary home financing. Prior to submitting an application for the FTHLP, prospective homebuyers should work closely with a bank or lender to pre-qualify for a home. The bank or lender will help you to determine an affordable home price and monthly payment. Please inform your bank or lender of your interest in this program and invite them to contact the City’s Housing Division with any questions.

Please read the enclosed application packet thoroughly and complete all applicable forms to the best of your knowledge. If you have any questions, please contact the Housing Division at (925) 833-6610 / [email protected] or visit www.dublin.ca.gov/housing.

We wish you the best in your home search and look forward to working with you.

Sincerely,

City of Dublin Housing Division

http://www.dublin.ca.gov/housing/fthlp

mailto:[email protected]

https://dublin.ca.gov/115/Housing


OVERVIEW


Loan Application Process 1. Review qualification requirements.

Thoroughly review this application packet and the City’s First Time Homebuyer Loan Program Guidelines to verify that you meet established qualification requirements.

2. Pre-qualify with a lender. Work with a lender of your choosing to get pre-qualified to purchase a home. Potential financing must meet the City requirements.

3. Homebuyer education. Complete an approved first time homebuyer class.

4. Execute a purchase contract. Work with a real estate agent to find a desirable home for sale in Dublin. Prepare an offer and execute a purchase agreement on the home of your choosing.

5. Submit a FTHLP Application. Prepare and submit a complete application packet to the City’s Housing Division. Be sure to include supporting documentation for income and asset verification.

6. City Staff/Loan Committee review and qualification determination. The City will make every effort to review your application and qualification materials and determine eligibility within 10 working days of receipt of a complete application. The application will be reviewed by staff in the Housing Division and the Loan Committee.

7. In-person consultation. All adult members of the approved household must schedule and complete an in-person consultation with City Staff to discuss loan terms, restrictions, and ongoing requirements.

8. Loan documents. City staff will prepare escrow

1. Review qualification requirements

2. Pre-qualify for a primary home loan

3. Complete a homebuyer education class

4. Choose a home in Dublin and execute a purchase contract

5. Submit an FTHLP application

6. City review and qualification, within 10 days of receipt of complete application

7. If qualified, meet with the City

8. City provides escrow instructions, and releases funds and submits loan

documents when requirements are met

9. Sign City documents at close of escrow

OVERVIEW


instructions and submit them to the escrow officer. The instructions will describe the documentation the City will need to prepare loan agreements and fund the loan.

9. Sign paperwork. The City will prepare the appropriate loan documents for you to sign at closing.

10. Monitoring and correspondence. You must complete annual surveys to the City and should contact City staff with any questions. Any default on the signed agreements may result in the City calling the loan due immediately. You must contact the City when contemplating a sale or refinance.

Applicant Household Qualifications

The following table summarizes basic household qualifications. Please refer to the City’s First Time Homebuyer Loan Program Guidelines for a complete description of qualification requirements.

Qualification Requirement*

Description

Income Total gross household income must not exceed the following 2021 Moderate Income limits, based on the number of persons in the household (maximums are adjusted annually):

1-person: $105,500 5-person: $162,750 2-person: $120,550 6-person: $174,800 3-person: $135,650 7-person: $186,850 4-person: $150,700 8-person: $198,900

Assets The household may have no more than $250,000 in total assets, excluding pensions and federally approved pre-tax savings accounts.

First-Time Homebuyer No member of the household may have owned any interest in real property during the 3-year period prior to the household’s application date.

Owner Occupancy The household will occupy the unit as its principal residence within 30 days of the close of escrow on the unit.

Homebuyer Education All title holders must complete an approved first time homebuyer class and receive a certificate of completion within 6 months of the date of application. Organizations that offer homebuyer classes: Credit.org: www.homeownership.org/first-time-home-buyer-programs/ (online) ECHO Housing: https://www.echofairhousing.org/ (in person/virtual) (FREE) For other agencies, see www.dublin.ca.gov/housing/education.

Credit All Applicants have a minimum FICO credit score of 620 and must not have filed for bankruptcy in the last 3 years. Persons with records of deeds-in-lieu of foreclosure or judicial or non-judicial foreclosure, including short-sales, are subject to a seven-year waiting period before they may be considered for the program.

Loan Preapproval Homebuyers must be preapproved for a home loan that conforms to City requirements.

Debt to Income Ratio Homebuyers’ proposed debt (based on current liabilities and proposed housing payment) may not exceed 45% of the household’s monthly income.

* These qualification requirements are not comprehensive. For a complete list and description of terms and requirements, please review the City’s First Time Homebuyer Loan Program Guidelines (available on the City’s website: www.dublin.ca.gov/housing/fthlp).

http://www.homeownership.org/first-time-home-buyer-programs/

https://www.echofairhousing.org/

http://www.dublin.ca.gov/housing/education


OVERVIEW


Loan Terms The following table summarizes basic loan terms. Please refer to the City’s First Time Homebuyer Loan Program guidelines for a complete description of loan terms and requirements. Term or Requirement* Below Market Rate Homes Market Rate Homes

Loan Amount Up to 15% of the purchase price, with a maximum of $40,000.

Up to 10% of the home purchase price, with a maximum of $40,000.

Interest Rate 3.5%, simple interest

Loan Term 30 year, deferred payment

Repayment Repayment of principal and interest is due upon the sale of the property, upon the formal filing and recording of a notice of default, or the expiration of the loan term (whichever is earliest).

Repayment of principal and interest or equity share is due upon the sale of the property, payoff, or refinance of the first mortgage, upon the formal filing and recording of a notice of default, or the expiration of the loan term (whichever is earliest).

Equity Share Loans on BMR homes are subject to an equity share provision only upon the first sale of the home following the expiration of the restricted affordability period.

Upon the events described in “Repayment” above, Borrowers of loans for market rate properties are subject to a payment of either accrued interest or equity share, whichever is greater.

Prepayment Borrower(s) may prepay the Loan at any time without penalty (provided that the payment covers the principal as well as the accrued interest or equity share).

Fees Applicants are subject to the following fees: An $1,913 fee for loan underwriting, processing, and servicing, due at close of escrow.

Use of Loan Funds Loan funds may be used for down payment assistance and to pay for non-recurring closing costs associated with the home purchase. Loans may not be used for repairs, room additions, or non-real property purchases.

Property Eligibility Properties must be located in the City of Dublin and may be a single-family home, condominium, or a manufactured home (subject to secondary market eligibility requirements).

* These terms and requirements are not comprehensive. For a complete list and description of terms and requirements, please review the City’s First Time Homebuyer Loan Program Guidelines (available on the City’s website at: www.dublin.ca.gov/housing/fthlp).



APPLICATION CHECKLIST


To process this application, complete all applicable documents

� Preference Point Application with related verification materials, if applicable (page 9)

� Signed Loan Reservation and Disbursement form (page 10)

� Signed Credit Report Authorization Release form (page 11)

� Non-income affidavit (complete only if household member is claiming no income), (page 12)

� Uniform Residential Loan Application (page 13-30)

� Copy of a credit report from the first lender for all title holders

� Copies of 4 most recent paycheck statements and/or 2 quarters of current profit and loss

statement if self-employed and/or recent proof of other income

� Copies of 3 most recent years of signed federal and state income tax returns and related

forms/schedules (e.g. W2s)

� Copies of 3 most recent months of all current financial institution statements

� Copy of purchase agreement

� Copy of first mortgage loan commitment

� Copy of Loan Estimate document from lender

� Copy of Uniform Residential Loan Application (1003 form) from lender

� Evidence of additional down payment assistance (if applicable)

� Copy of certificate(s) of completion of 8-hour homebuyer education course (completion date

must be within 6 months of close of escrow)

Instructions on all referenced documents follow this checklist.


APPLICATION INSTRUCTIONS


City of Dublin

Preference Point Application with Verification (page 9) Applicant(s) with preference points, move ahead of other applications that have yet to receive a letter from the City confirming a complete application.

A household receives preference for a Loan if one of its members meets any of the following criteria: Public service employee in Dublin 1 point Senior citizen (62 years or older) 1 point Permanently disabled individual 1 point Veteran 1 point Immediate family members that are Dublin residents 1 point Relocated Dublin residence due to demolition or condominium conversion 1 point Purchasing a foreclosed/real estate owned (REO) home 1 point

The following documents and criteria are required to verify a claim for a preference point: Resident of Dublin (3 points) Currently live in Dublin and have continuously for the past 12 months. Copy of two utility bills (PG&E or water), one from at least one year ago and one most recent utility

bill both showing the applicant with a Dublin address; or Copy of a current rental agreement.

Employed in the City of Dublin (3 points) Currently work in Dublin and have continuously for the past 6 months*. Copy of first and most recent paycheck stub establishing length of employment; or Letter from employer, on company letterhead, indicating continuous employment for the past six

months. *Newly hired teacher that will be working in Dublin may waive the 6-month employment criteria by submitting a copy of their employment contract.

Public Service Employee working in Dublin (1 point) In addition to the above employment verification and criteria, Applicant(s) must provide a letter

from employer confirming employment and employer contact information. Immediate Family Member is a Dublin Resident (1 point) Immediate family member must have continuously lived in Dublin for the past 12 months. Copy of two utility bills (PG&E or water), one from at least one year ago and one most recent utility

bill both showing a Dublin address; or Copy of a current rental agreement; and A copy of birth certificates for self and immediate family member, establishing relationship; or Other legal document establishing relationship.

Relocated Dublin resident due to Demolition or Condominium Conversion (1 point) Letter from apartment owner or management firm informing of either the imminent condominium

conversion or that the unit is to be demolished.



Purchasing Foreclosure/Real Estate Owned (REO) Home (1 point) Copy of a ratified purchase contract to verify that the “financial institution” or its representative is

the seller.

Uniform Residential Loan Application (1003 form) (pages 10-14) Provide a completed City of Dublin Uniform Residential Loan Application Provide a completed Uniform Residential Loan Application from your first lender.

Signed Loan Reservation and Disbursement Form (page 15) Acknowledges that you have received the Loan Reservation and Disbursement requirements.

Credit Report Authorization Release Form (page 16) A credit report is required from your first lender for City staff to review.

Non-Income Affidavit (if applicable, page 17) Adult member(s) of the household (other than a full-time student) that do not claim income must complete and submit an affidavit swearing this.

Paycheck Statements or Current Profit and Loss Statement (if self-employed) Last 4 paycheck statements with the dates issued, year-to-date income paid and other current income statements for each household member who is age 18 and older. If employment of any household member is inconsistent or seasonal or in some other manner varies

substantially from pay period to pay period please include at least four more paycheck stubs. If a household member is 18 years of age or older and is a full time student, income earned is not

counted toward the household income. However the full time student must provide current verification of enrollment. Self-employed individuals must include most recent profit and loss statement.

Proof of Other Reportable Income All income received by any household member, 18 years of age or older must be included with your application. Additional sources of income include: Compensation for services rendered including fees, commissions, tips, and bonuses. Net income

derived from private businesses Gains from dealings in commercial property All interest, dividends, and royalties Winnings Alimony and child support Annuities, life insurance, and endowment contracts Income from pensions Income from discharge of indebtedness Partnership contributions Income from an interest in an estate or trust Public benefits including but not limited to TANF, SSI, disability income

Three Years of Signed Federal and State Income Tax Returns Submit most recent three years of signed federal and state income tax returns (1040, 1040A, 1040EZ) for all household members. Include all relevant schedules and forms.

Three Months Current Financial Institutions Statements Provide 3 most current statements from all financial institutions where you or any household member, 18 years and older hold accounts. The financial institution statement must include all pages, the name or names of the account owner, and all transactions occurring during the reporting period.



This includes checking and savings accounts from banks, savings and loans, credit unions, and brokerage houses accounts (e.g. stocks, mutual funds, or bonds). Stock and Mutual Funds accounts statements included the number of shares and value of each share

be indicated and dividends received.

Purchase Agreement Provide a copy of your complete purchase agreement.

First Mortgage Loan Commitment /Approval Letter Provide a copy of your first mortgage loan commitment/approval letter.

Loan Estimate Provide a copy of your Loan Estimate that your first mortgage lender has provided.

Evidence of Additional Down Payment Assistance If you intend to use other sources of down payment assistance in addition to this loan, include proof of these funds. This could be a gift of money from a relative, a Mortgage Certificate Credit from the County of Alameda or any other program providing assistance. Note that if you are utilizing funds from an additional down payment assistance program, it must take third position (behind the primary mortgage and the City FTHLP) on title.

Certificate of Completion of Homebuyer Education Course To qualify for a FTHLP loan you must have completed a HUD or Fannie Mae certified 8-hour first time homebuyer course.

• Credit.org: www.homeownership.org/first-time-home-buyer-programs/ (online) • ECHO Housing: https://www.echofairhousing.org/ (in person/virtual) (FREE) • For other agencies, see www.dublin.ca.gov/housing/education.

Down Payment (3.5%) Applicant’s full down payment requirement of at least 3.5% is to be deposited into the applicants’ escrow account.

http://www.homeownership.org/first-time-home-buyer-programs/

https://www.echofairhousing.org/

http://www.dublin.ca.gov/housing/education


PREFERENCE POINTS APPLCATION


Please print or type

Applicant Name: Co-Applicant Name: Current Address:

Employer: Work Phone: Employer Address:

City: State: Zip:

Please check all statements below that apply to at least one adult that will occupy the home. (Required verification for preference points are explained in the FTHLP instructions) YES NO Age 62 years or older � �

Permanently disabled � �

Veteran � �

Currently work in Dublin and have continuously for the past 6 months � �

If so, are you a Public Service employee working in Dublin? � �

Currently live in Dublin and have continuously for the past year or longer � �

Have an immediate family member who is a Dublin resident and has continuously lived in Dublin the past year � �

Must move because current home is to be demolished or converted to condo � �

Purchasing a foreclosed/real estate owned (REO) property � �

Applicant (print) Co-Applicant (print) Signature Signature Date Date


LOAN RESERVATION AND

DISBURSEMENT


Items needed to reserve funds for 60 days include, but are not limited to: First time homebuyer loan program eligibility letter issued by the City of Dublin Copy of the executed purchase agreement Copy of a loan pre-approval letter for the primary home loan Evidence of 3.5% down payment funds in an account(s) in the applicant’s name Copy of first time homebuyer training certificate(s) (or registration confirmation)

Items needed to disburse funds into escrow include but are not limited to:

Title company name, address, contact person, phone number, and escrow number Wire instructions to transfer funds to escrow account (instruction must be on title company

letterhead, signed by the escrow officer handling transaction) Evidence of buyer’s down payment in escrow Final lender/loan documents (promissory note, deed of trust and closing disclosure) for primary

home loan Appraisal Preliminary title report Property inspection report Termite clearance

Items needed after escrow closes include, but are not limited to:

Title insurance naming City as a beneficiary Homeowner’s/hazard insurance Executed and recorded agreements Final settlement statement Check in the amount of $1,913 to the City for loan underwriting, processing, and servicing

For compliance with the program’s rules and regulations, the City performs annual monitoring of homes. Any default of the Loan Agreement, Deed of Trust, or Promissory Note may result in the City calling the loan due immediately.

Applicant(s) acknowledge(s) the City’s loan reservation and disbursement requirements and will provide all required materials in compliance with City standards in a timely manner:

Borrower Signature Date Borrower Signature Date


CREDIT REPORT AUTHORIZATION RELEASE


The borrower(s) identified below hereby authorize the City of Dublin (the “City”) to obtain from any credit reporting agency selected by City, a standard credit report and such financial and other information City considers appropriate to evaluate the undersigned’s application for participation in the City’s First Time Homebuyer Loan Program (the “Program”). The undersigned also:

(i) authorize the City to release to credit reporting agencies a copy of the undersigned’s application, including financial information, income, assets, liabilities, employment and other information that the borrower(s) have provided to the City in connection with their application to participate in the Program.

(ii) authorize the City and credit reporting agencies to verify information contained in the undersigned’s application to City and in other documents provided in connection with the undersigned’s application to participate in the Program, and to verify and obtain such information necessary to complete the borrowers’ credit report, including without limitation, verification of past and present employment, earnings, rents, mortgages, savings and other bank accounts, income tax returns, stock holdings and other assets, and liabilities, including without limitation, mortgages, auto loans, personal loans, credit cards and lines of credit as the City deems necessary to process the undersigned’s application.

The borrower(s) agree that a photocopy of this form will also serve as authorization, and that the City may undertake the actions hereby authorized both prior to providing approval for participation in the Program and as part of subsequent eligibility and compliance monitoring. The borrower(s) authorize City to share with potential mortgage lenders and/or home loan counseling agencies the information provided in connection with the undersigned’s application for participation in the Program and the credit report that City obtains in connection therewith. Such lenders and counseling agencies may contact the undersigned to discuss home loans and counseling services for which the undersigned may be eligible. This consent to disclosure may be revoked by delivery of written notice to City. BORROWER(S) Print Name Print Name Social Security Number Social Security Number Signature Signature Date Date


AFFIDAVIT OF NON-INCOME


(Complete ONLY for applicant(s) NOT claiming any source of income) Completing this form in no way affects your eligibility to be seen in this office; it is kept for verification purposes only, for the City of Dublin.

Applicant Name: Current Address: Please state how you provide for your basic needs. How do you pay for rent, utilities, food, etc.? If you receive cash, how much do you receive, how often, and from whom?

Is this your usual income? � Yes � No

If no, what is it usually? Explain:

Usual annual income: $_________________

I have told the truth about all sources of my income. To the best of my knowledge, I have not given false information or withheld information. I understand that if I do, I may be prosecuted, deemed ineligible for the program or in violation of program requirements, or be required to pay back the benefits I receive.

Signature Date Applicant Name (print)

Uniform Residential Loan ApplicationFreddie Mac Form 65 • Fannie Mae Form 1003Effective 1/2021

To be completed by the Lender:Lender Loan No./Universal Loan Identifier Agency Case No.

Uniform Residential Loan ApplicationVerify and complete the information on this application. If you are applying for this loan with others, each additional Borrower must provide information as directed by your Lender.

Section 1: Borrower Information. This section asks about your personal information and your income from employment and other sources, such as retirement, that you want considered to qualify for this loan.

Name (First, Middle, Last, Suffix) Social Security Number – –(or Individual Taxpayer Identification Number)

Alternate Names – List any names by which you are known or any names under which credit was previously received (First, Middle, Last, Suffix)

Date of Birth

(mm/dd/yyyy)/ /

Citizenship

Contact Information

Home Phone ( ) – Cell Phone ( ) – Work Phone ( ) – Ext.

Email

Current Address

Street Unit # City State ZIP Country

How Long at Current Address? Years Months Housing

If at Current Address for LESS than 2 years, list Former Address Does not applyStreet Unit # City State ZIP Country

How Long at Former Address? Years Months Housing

Mailing Address – if different from Current Address Does not applyStreet Unit # City State ZIP Country

Does not apply

Employer or Business Name Phone ( ) –

Street Unit #

City State ZIP Country

Gross Monthly Income

Base /month

Overtime /month

Bonus /month

Commission /month

Military Entitlements /month

Other /month

TOTAL $ /month

Position or Title

Start Date / / (mm/dd/yyyy)

How long in this line of work? Years Months

Check if this statement applies:I am employed by a family member, property seller, real estate agent, or other party to the transaction.

Check if you are the Business

Owner or Self-Employed

Monthly Income (or Loss)

U.S. CitizenPermanent Resident Alien Non-Permanent Resident Alien

Type of Credit List Name(s) of Other Borrower(s) Applying for this Loan

(First, Middle, Last, Suffix) – Use a separator between names

Marital Status

No primary housing expense Own Rent /month)($

No primary housing expense Own Rent ($ /month)

Dependents (not listed by another Borrower)Number Ages

Married Separated Unmarried (Single, Divorced, Widowed, Civil Union, Domestic Partnership, Registered Reciprocal Beneficiary Relationship)

I have an ownership share of less than 25%.I have an ownership share of 25% or more.

1a. Personal Information

I am applying for individual credit.

Each Borrower intends to apply for joint credit. Your initials:

I am applying for joint credit. Total Number of Borrowers:

1b. Current Employment/Self-Employment and Income

$

$

$

$

$

$

$

0.00

Borrower Name: Uniform Residential Loan ApplicationFreddie Mac Form 65 • Fannie Mae Form 1003Effective 1/2021

1d. IF APPLICABLE, Complete Information for Previous Employment/Self-Employment and Income Does not apply

Provide at least 2 years of current and previous employment and income.

Employer or Business Name

Street Unit #


Previous Gross Monthly

Income $ /month

Position or Title


End Date / / (mm/dd/yyyy)

Check if you were the Business


1c. IF APPLICABLE, Complete Information for Additional Employment/Self-Employment and Income Does not apply


Street Unit #



Base /month

Overtime /month

Bonus /month

Commission /month


Other /month

TOTAL $ /month

Position or Title








1e. Income from Other Sources Does not apply

Include income from other sources below. Under Income Source, choose from the sources listed here:

NOTE: Reveal alimony, child support, separate maintenance, or other income ONLY IF you want it considered in determining your qualification for this loan.

• Alimony• Automobile Allowance• Boarder Income• Capital Gains

• Child Support• Disability• Foster Care• Housing or Parsonage

• Interest and Dividends• Mortgage Credit Certificate• Mortgage Differential

Payments

• Notes Receivable• Public Assistance• Retirement

(e.g., Pension, IRA)

• Royalty Payments• Separate Maintenance• Social Security• Trust

• Unemployment Benefits

• VA Compensation• Other

Income Source – use list above Monthly Income

$

$

$

Provide TOTAL Amount Here $

$

$

$

$

$

$

$

0.00

0.00


2b. Other Assets and Credits You Have Does not apply

Include all other assets and credits below. Under Asset or Credit Type, choose from the types listed here:

Assets• Proceeds from Real Estate

Property to be sold on or before closing

• Proceeds from Sale of Non-Real Estate Asset

• Secured Borrowed Funds

• Unsecured Borrowed Funds• Other

Credits• Earnest Money• Employer Assistance• Lot Equity

• Relocation Funds• Rent Credit

• Sweat Equity• Trade Equity

2d. Other Liabilities and Expenses Does not apply

2c. Liabilities – Credit Cards, Other Debts, and Leases that You Owe Does not apply

List all liabilities below (except real estate) and include deferred payments. Under Account Type, choose from the types listed here:

• Revolving (e.g., credit cards) • Installment (e.g., car, student, personal loans) • Open 30-Day (balance paid monthly) • Lease (not real estate) • Other

Section 2: Financial Information — Assets and Liabilities. This section asks about things you own that are worth money and that you want considered to qualify for this loan. It then asks about your liabilities (or debts) that you pay each month, such as credit cards, alimony, or other expenses.

Account Type – use list above Financial Institution Account Number Cash or Market Value

$

$

$

$

$


2a. Assets – Bank Accounts, Retirement, and Other Accounts You Have

Include all accounts below. Under Account Type, choose from the types listed here:• Checking• Savings• Money Market

• Certificate of Deposit• Mutual Fund• Stocks

• Stock Options• Bonds• Retirement (e.g., 401k, IRA)

• Bridge Loan Proceeds• Individual Development

Account

• Trust Account• Cash Value of Life Insurance

(used for the transaction)

Asset or Credit Type – use list above Cash or Market Value

$

$

$

$


Account Type –use list above Company Name Account Number Unpaid Balance

To be paid off at or before closing Monthly Payment

$ $

$ $

$ $

$ $

$ $

Include all other liabilities and expenses below. Choose from the types listed here:

• Alimony • Child Support • Separate Maintenance • Job Related Expenses • Other Monthly Payment

$

$

$

0.00

0.00


Mortgage Loans on this Property Does not apply


Does not apply

Address Street Unit # City State ZIP Country

Property Value

Status: Sold, Pending Sale, or Retained

Intended Occupancy: Investment, Primary Residence, Second Home, Other

Monthly Insurance, Taxes, Association Dues, etc. if not included in Monthly Mortgage Payment

For 2-4 Unit Primary or Investment Property

Monthly Rental

Income

For LENDER to calculate:

Net Monthly Rental Income

Does not apply


Property Value



Monthly Insurance, Taxes, Association Dues, etc. if not included in Monthly Mortgage Payment


Monthly Rental

Income



Section 3: Financial Information — Real Estate. This section asks you to list all properties you currently own and what you owe on them. I do not own any real estate


If you are refinancing, list the property you are refinancing FIRST.


Property Value



Monthly Insurance,Taxes, Association Dues, etc. if not included in Monthly Mortgage Payment


Monthly Rental

Income



3a. Property You Own

3b. IF APPLICABLE, Complete Information for Additional Property

3c. IF APPLICABLE, Complete Information for Additional Property

Creditor Name Account Number

Monthly

Mortgage

Payment Unpaid BalanceTo be paid off at or before closing

Type: FHA, VA, Conventional, USDA-RD, Other

Credit Limit

(if applicable)

$ $ $

$ $ $


Monthly

Mortgage



Credit Limit

(if applicable)

$ $ $

$ $ $


Monthly

Mortgage



Credit Limit

(if applicable)

$ $ $

$ $ $

$ $ $ $

$ $ $ $

$ $ $ $


Does not apply

Creditor Name Lien Type Monthly Payment Loan Amount/

Amount to be Drawn Credit Limit

(if applicable)

First Lien Subordinate Lien $ $ $

First Lien Subordinate Lien $ $ $

Loan Amount $ Loan Purpose

Property Address Street Unit #

City State ZIP County

Number of Units Property Value $

Occupancy Primary Residence Second Home Investment Property FHA Secondary Residence

1. Mixed-Use Property. If you will occupy the property, will you set aside space within the property to operate your own business? (e.g., daycare facility, medical office, beauty/barber shop)

NO YES

2. Manufactured Home. Is the property a manufactured home? (e.g., a factory built dwelling built on a permanent chassis) NO YES

Section 4: Loan and Property Information. This section asks about the loan’s purpose and the property you want to purchase or refinance.

For Purchase Only Does not apply

Does not apply

Include all gifts and grants below. Under Source, choose from the sources listed here:

• Community Nonprofit • Employer

• Federal Agency• Local Agency

• Relative• Religious Nonprofit

• State Agency • Unmarried Partner

• Lender• Other

4b. Other New Mortgage Loans on the Property You are Buying or Refinancing

4a. Loan and Property Information

4c. Rental Income on the Property You Want to Purchase

4d. Gifts or Grants You Have Been Given or Will Receive for this Loan

Refinance Purchase (specify)Other

Complete if the property is a 2-4 Unit Primary Residence or an Investment Property Amount

Expected Monthly Rental Income $

For LENDER to calculate: Expected Net Monthly Rental Income $

Asset Type: Cash Gift, Gift of Equity, Grant Deposited/Not Deposited Source – use list above Cash or Market Value

Deposited Not Deposited $

Deposited Not Deposited $

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Alameda94568CA

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Section 5: Declarations. This section asks you specific questions about the property, your funding, and your past financial history.

If YES, have you had an ownership interest in another property in the last three years? If YES, complete (1) and (2) below:

B. If this is a Purchase Transaction: Do you have a family relationship or business affiliation with the seller of the property? NO YES

C. Are you borrowing any money for this real estate transaction (e.g., money for your closing costs or down payment) or obtaining any money from another party, such as the seller or realtor, that you have not disclosed on this loan application?

If YES, what is the amount of this money? $NO YES

D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application?

2. Have you or will you be applying for any new credit (e.g., installment loan, credit card, etc.) on or before closing this loan that is not disclosed on this application?

NO YES

NO YES

E. Will this property be subject to a lien that could take priority over the first mortgage lien, such as a clean energy lien paid through your property taxes (e.g., the Property Assessed Clean Energy Program)?

NO YES

F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? NO YES

G. Are there any outstanding judgments against you? NO YES

H. Are you currently delinquent or in default on a Federal debt? NO YES

I. Are you a party to a lawsuit in which you potentially have any personal financial liability? NO YES

J. Have you conveyed title to any property in lieu of foreclosure in the past 7 years? NO YES

K. Within the past 7 years, have you completed a pre-foreclosure sale or short sale, whereby the property was sold to a third party and the Lender agreed to accept less than the outstanding mortgage balance due? NO YES

L. Have you had property foreclosed upon in the last 7 years? NO YES

M. Have you declared bankruptcy within the past 7 years? If YES, identify the type(s) of bankruptcy: Chapter 7 Chapter 11 Chapter 12 Chapter 13

NO YES

5a. About this Property and Your Money for this Loan

5b. About Your Finances

A. Will you occupy the property as your primary residence?

(1) What type of property did you own: primary residence (PR), FHA secondary residence (SR), second home (SH), or investment property (IP)?

(2) How did you hold title to the property: by yourself (S), jointly with your spouse (SP), or jointly with another person (O)?

NO YESNO YES


Definitions:

I agree to, acknowledge, and represent the following:

• "Lender" includes the Lender’s agents, service providers, and any of their successors and assigns.

• "Other Loan Participants" includes (i) any actual or potential owners of a loan resulting from this application (the “Loan”), (ii) acquirers of any beneficial or other interest in the Loan, (iii) any mortgage insurer, (iv) any guarantor, (v) any servicer of the Loan, and (vi) any of these parties' service providers, successors or assigns.

(1) The Complete Information for this Application• The information I have provided in this application is true, accurate,

and complete as of the date I signed this application.• If the information I submitted changes or I have new information

before closing of the Loan, I must change and supplement this application, including providing any updated/supplemented real estate sales contract.

• For purchase transactions: The terms and conditions of any real estate sales contract signed by me in connection with this application are true, accurate, and complete to the best of my knowledge and belief. I have not entered into any other agreement, written or oral, in connection with this real estate transaction.

• The Lender and Other Loan Participants may rely on the information contained in the application before and after closing of the Loan.

• Any intentional or negligent misrepresentation of information may result in the imposition of:

(a) civil liability on me, including monetary damages, if a person suffers any loss because the person relied on any misrepresentation that I have made on this application, and/or

(b) criminal penalties on me including, but not limited to, fine or imprisonment or both under the provisions of Federal law (18 U.S.C. §§ 1001 et seq.).

(2) The Property’s SecurityThe Loan I have applied for in this application will be secured by a mortgage or deed of trust which provides the Lender a security interest in the property described in this application.

(3) The Property’s Appraisal, Value, and Condition• Any appraisal or value of the property obtained by the Lender is

for use by the Lender and Other Loan Participants. • The Lender and Other Loan Participants have not made any

representation or warranty, express or implied, to me about the property, its condition, or its value.

(4) Electronic Records and Signatures• The Lender and Other Loan Participants may keep any paper record

and/or electronic record of this application, whether or not the Loan is approved.

• If this application is created as (or converted into) an “electronic application”, I consent to the use of “electronic records” and “electronic signatures” as the terms are defined in and governed by applicable Federal and/or state electronic transactions laws.

• I intend to sign and have signed this application either using my: (a) electronic signature; or (b) a written signature and agree that if a paper version of this

application is converted into an electronic application, the application will be an electronic record, and the representation of my written signature on this application will be my binding electronic signature.

• I agree that the application, if delivered or transmitted to the Lender or Other Loan Participants as an electronic record with my electronic signature, will be as effective and enforceable as a paper application signed by me in writing.

(5) Delinquency• The Lender and Other Loan Participants may report information about

my account to credit bureaus. Late payments, missed payments, or other defaults on my account may be reflected in my credit report and will likely affect my credit score.

• If I have trouble making my payments I understand that I may contact a HUD-approved housing counseling organization for advice about actions I can take to meet my mortgage obligations.

(6) Authorization for Use and Sharing of InformationBy signing below, in addition to the representations and agreements made above, I expressly authorize the Lender and Other Loan Participants to obtain, use, and share with each other (i) the loan application and related loan information and documentation, (ii) a consumer credit report on me, and (iii) my tax return information, as necessary to perform the actions listed below, for so long as they have an interest in my loan or its servicing:

(a) process and underwrite my loan; (b) verify any data contained in my consumer credit report, my

loan application and other information supporting my loan application;

(c) inform credit and investment decisions by the Lender and Other Loan Participants;

(d) perform audit, quality control, and legal compliance analysis and reviews;

(e) perform analysis and modeling for risk assessments; (f) monitor the account for this loan for potential delinquencies and

determine any assistance that may be available to me; and(g) other actions permissible under applicable law.

Borrower Signature Date (mm/dd/yyyy) / /

Additional Borrower Signature Date (mm/dd/yyyy) / /

Section 6: Acknowledgments and Agreements. This section tells you about your legal obligations when you sign this application.

Acknowledgments and Agreements


Section 8: Demographic Information. This section asks about your ethnicity, sex, and race.

The purpose of collecting this information is to help ensure that all applicants are treated fairly and that the housing needs of communities and neighborhoods are being fulfilled. For residential mortgage lending, Federal law requires that we ask applicants for their demographic information (ethnicity, sex, and race) in order to monitor our compliance with equal credit opportunity, fair housing, and home mortgage

disclosure laws. You are not required to provide this information, but are encouraged to do so. You may select one or more designations for "Ethnicity" and one or more designations for "Race." The law provides that we may not discriminate on the basis of this information, or on whether you choose to provide it. However, if you choose not to provide the information and you have made this application in person, Federal regulations require us to note your ethnicity, sex, and race on the basis of visual observation or surname. The law also provides that we may not discriminate on the basis of age or marital status information you provide in this application. If you do not wish to provide some or all of this information, please check below.

To Be Completed by Financial Institution (for application taken in person):

Was the ethnicity of the Borrower collected on the basis of visual observation or surname? NO YESWas the sex of the Borrower collected on the basis of visual observation or surname? YESNO Was the race of the Borrower collected on the basis of visual observation or surname? NO YES

The Demographic Information was provided through:

Face-to-Face Interview (includes Electronic Media w/ Video Component) Telephone Interview Fax or Mail Email or Internet

Race: Check one or moreEthnicity: Check one or moreHispanic or Latino

Mexican Puerto Rican CubanOther Hispanic or Latino

For example: Argentinean, Colombian, Dominican, Nicaraguan, Salvadoran, Spaniard, and so on.

– Print origin:

Not Hispanic or LatinoI do not wish to provide this information

Sex

FemaleMale I do not wish to provide this information

Military Service – Did you (or your deceased spouse) ever serve, or are you currently serving, in the United States Armed Forces? NO YES

If YES, check all that apply: Currently serving on active duty (mm/dd/yyyy) / /with projected expiration date of service/tour Currently retired, discharged, or separated from serviceOnly period of service was as a non-activated member of the Reserve or National GuardSurviving spouse

Section 7: Military Service. This section asks questions about your (or your deceased spouse's) military service.

Military Service of Borrower

Demographic Information of Borrower

Asian

Other Asian – Print race:For example: Hmong, Laotian, Thai, Pakistani, Cambodian, and so on.

Asian Indian Chinese Filipino Japanese Korean Vietnamese

Black or African AmericanNative Hawaiian or Other Pacific Islander

Native Hawaiian Guamanian or Chamorro SamoanOther Pacific Islander – Print race:

For example: Fijian, Tongan, and so on.

I do not wish to provide this information

or principal tribe : – Print name of enrolledAmerican Indian or Alaska Native

White


Section 9: Loan Originator Information. To be completed by your Loan Originator.

Loan Originator Organization Name

Address

Loan Originator Organization NMLSR ID# State License ID#

Loan Originator Name

Loan Originator NMLSR ID# State License ID#

Email Phone ( ) –

Date (mm/dd/yyyy) / /

Loan Originator Information

Signature

[email protected]

N/AN/A

City of Dublin

N/AN/A

100 Civic Plaza, Dublin, CA 94568

City of Dublin



Uniform Residential Loan Application — Additional BorrowerVerify and complete the information on this application as directed by your Lender.

Section 1: Borrower Information. This section asks about your personal information and your income from employment and other sources, such as retirement, that you want considered to qualify for this loan.

1a. Personal Information

Name (First, Middle, Last, Suffix) Social Security Number

(or Individual Taxpayer Identification Number)– –

Alternate Names – List any names by which you are known or any names under which credit was previously received (First, Middle, Last, Suffix)

Date of Birth

(mm/dd/yyyy)/ /

Citizenship

U.S. CitizenPermanent Resident Alien Non-Permanent Resident Alien

Type of Credit List Name(s) of Other Borrower(s) Applying for this Loan(First, Middle, Last, Suffix) – Use a separator between names

Marital Status Dependents (not listed by another Borrower)

I am applying for individual credit.

I am applying for joint credit.

Each Borrower intends to apply for joint credit. Your initials:

Total Number of Borrowers:

Married Separated Unmarried (Single, Divorced, Widowed, Civil Union, Domestic Partnership, Registered Reciprocal Beneficiary Relationship)

No primary housing expense Own Rent ($ /month)

No primary housing expense Own Rent /month)($

1b. Current Employment/Self-Employment and Income Does not apply


Street Unit #



Base /month

Overtime /month

Bonus /month

Commission /month


Other /month

TOTAL $ /month

Position or Title







NumberAges

Contact Information

Home Phone ( ) – Cell Phone ( ) – Work Phone ( ) – Ext.

Email

Current Address


How Long at Current Address? Years Months Housing

If at Current Address for LESS than 2 years, list Former Address Does not apply


How Long at Former Address? Years Months Housing

Mailing Address – if different from Current Address Does not apply



$

$

$

$

$

$

$

0.00


Section 2: Financial Information — Assets and Liabilities.

My information for Section 2 is listed on the Uniform Residential Loan Application with(insert name of Borrower)

Does not apply


Street Unit #



Base /month

Overtime /month

Bonus /month

Commission /month


Other /month

TOTAL $ /month

Position or Title







Does not apply

Include income from other sources below. Under Income Source, choose from the sources listed here:

NOTE: Reveal alimony, child support, separate maintenance, or other income ONLY IF you want it considered in determining your qualification for this loan.

• Alimony• Automobile Allowance• Boarder Income• Capital Gains

• Child Support• Disability• Foster Care• Housing or Parsonage

• Interest and Dividends• Mortgage Credit Certificate• Mortgage Differential

Payments

• Notes Receivable• Public Assistance• Retirement

(e.g., Pension, IRA)

• Royalty Payments• Separate Maintenance• Social Security• Trust

• Unemployment Benefits

• VA Compensation• Other

Section 3: Financial Information — Real Estate.


Does not apply

Provide at least 2 years of current and previous employment and income.

Employer or Business Name

Street Unit #


Previous Gross Monthly

Income $ /month

Position or Title


End Date / / (mm/dd/yyyy)

Check if you were the Business


Section 4: Loan and Property Information.



Income Source – use list above $ Monthly Income

$

$

$


1c. IF APPLICABLE , Complete Information for Additional Employment/Self-Employment and Income

1d. IF APPLICABLE, Complete Information for Previous Employment/Self-Employment and Income

1e. Income from Other Sources

$

$

$

$

$

$

$

0.00

0.00


Section 6: Acknowledgements and Agreements. My signature for Section 6 is on the Uniform Residential Loan Application with

(insert name of Borrower)

Section 5: Declarations. This section asks you specific questions about the property, your funding, and your past financial history.

A. Will you occupy the property as your primary residence? If YES, have you had an ownership interest in another property in the last three years?

If YES, complete (1) and (2) below:

B. If this is a Purchase Transaction: Do you have a family relationship or business affiliation with the seller of the property?

C. Are you borrowing any money for this real estate transaction (e.g., money for your closing costs or down payment) or obtaining any money from another party, such as the seller or realtor, that you have not disclosed on this loan application?

If YES, what is the amount of this money?NO YES

D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? NO YES

2. Have you or will you be applying for any new credit (e.g., installment loan, credit card, etc.) on or before closing this loan that is not disclosed on this application? NO YES

E. Will this property be subject to a lien that could take priority over the first mortgage lien, such as a clean energy lien paid through your property taxes (e.g., the Property Assessed Clean Energy Program)? NO YES

F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? NO YES

G. Are there any outstanding judgments against you? NO YES

H. Are you currently delinquent or in default on a Federal debt? NO YES

I. Are you a party to a lawsuit in which you potentially have any personal financial liability? NO YES

J. Have you conveyed title to any property in lieu of foreclosure in the past 7 years? NO YES

K. Within the past 7 years, have you completed a pre-foreclosure sale or short sale, whereby the property was sold to a third party and the Lender agreed to accept less than the outstanding mortgage balance due? NO YES

L. Have you had property foreclosed upon in the last 7 years? NO YES

M. Have you declared bankruptcy within the past 7 years? If YES, identify the type(s) of bankruptcy: Chapter 7 Chapter 11 Chapter 12 Chapter 13

NO YES

Military Service – Did you (or your deceased spouse) ever serve, or are you currently serving, in the United States Armed Forces? NO YES

If YES, check all that apply: Currently serving on active duty / / (mm/dd/yyyy)with projected expiration date of service/tour Currently retired, discharged, or separated from serviceOnly period of service was as a non-activated member of the Reserve or National GuardSurviving spouse

Section 7: Military Service. This section asks questions about your (or your deceased spouse's) military service.

NO YES

(1) What type of property did you own: primary residence (PR), FHA secondary residence (SR), second home (SH), or investment property (IP)?

(2) How did you hold title to the property: by yourself (S), jointly with your spouse (SP), or jointly with another person (O)?

NO YESNO YES

5a. About this Property and Your Money for this Loan

5b. About Your Finances

Military Service of Borrower

$


Section 8: Demographic Information. This section asks about your ethnicity, sex, and race.

The purpose of collecting this information is to help ensure that all applicants are treated fairly and that the housing needs of communities

and neighborhoods are being fulfilled. For residential mortgage lending, Federal law requires that we ask applicants for their demographic information (ethnicity, sex, and race) in order to monitor our compliance with equal credit opportunity, fair housing, and home mortgage disclosure laws. You are not required to provide this information, but are encouraged to do so. You may select one or more designations for "Ethnicity" and one or more designations for "Race." The law provides that we may not discriminate on the basis of this information, or on whether you choose to provide it. However, if you choose not to provide the information and you have made this application in person, Federal regulations require us to note your ethnicity, sex, and race on the basis of visual observation or surname. The law also provides that we may not discriminate on the basis of age or marital status information you provide in this application. If you do not wish to provide some or all of this information, please check below.

To Be Completed by Financial Institution (for application taken in person):

Was the ethnicity of the Borrower collected on the basis of visual observation or surname? NO YESWas the sex of the Borrower collected on the basis of visual observation or surname? NO YESWas the race of the Borrower collected on the basis of visual observation or surname? NO YES

The Demographic Information was provided through:

Face-to-Face Interview (includes Electronic Media w/ Video Component) Telephone Interview Fax or Mail Email or Internet

Asian

For example: Hmong, Laotian, Thai, Pakistani, Cambodian, and so on.Other Asian – Print race:

Asian Indian Chinese Filipino Japanese Korean Vietnamese

Black or African AmericanNative Hawaiian or Other Pacific Islander

Native Hawaiian Guamanian or Chamorro SamoanOther Pacific Islander – Print race:

For example: Fijian, Tongan, and so on.

I do not wish to provide this information

or principal tribe : Print name of enrolled American Indian or Alaska Native –

White

Race: Check one or moreEthnicity: Check one or moreHispanic or Latino

Mexican Puerto Rican CubanOther Hispanic or Latino –

For example: Argentinean, Colombian, Dominican, Nicaraguan, Salvadoran, Spaniard, and so on.

Print origin:

Not Hispanic or LatinoI do not wish to provide this information

Sex

FemaleMale I do not wish to provide this information

Section 9: Loan Originator Information. To be completed by your Loan Originator.

Loan Originator Organization Name

Address

Loan Originator Organization NMLSR ID# State License ID#

Loan Originator Name

Loan Originator NMLSR ID# State License ID#

Email Phone ( ) –

Date (mm/dd/yyyy) / /

Demographic Information of Borrower

Loan Originator Information

Signature


Continuation Sheet Use this continuation sheet if you need more space to complete the Uniform Residential Loan Application.

Borrower Name (First, Middle, Last, Suffix )

Additional Information

Additional Borrower Name (First, Middle, Last, Suffix )

Additional Information

Uniform Residential Loan Application — Continuation Sheet

I/We fully understand that it is a federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements concerning any of the above facts as applicable under the provisions of federal law (18 U.S.C. §§ 1001 et seq.).


Borrower Signature Date (mm/dd/yyyy) / /

Additional Borrower Signature Date (mm/dd/yyyy) / /


Lenders Instructions for Using the Unmarried Addendum

The Lender may use the Unmarried Addendum only when a Borrower selected “Unmarried” in Section 1 and the information collected is necessary to determine how State property laws directly or indirectly affecting creditworthiness apply, including ensuring clear title.

For example, the Lender may use the Unmarried Addendum when the Borrower resides in a State that recognizes civil unions, domestic partnerships, or registered reciprocal beneficiary relationships or when the property is located in such a State. “State” means any state, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or possession of the United States.

If you selected “Unmarried” in Section 1, is there a person who is not your legal spouse but who currently has real property rights similar to those of a legal spouse? NO YES

If YES, indicate the type of relationship and the State in which the relationship was formed. For example, indicate if you are in a

civil union, domestic partnership, registered reciprocal beneficiary relationship, or other relationship recognized by the State in which you currently reside or where the property is located.

Civil Union Domestic Partnership Registered Reciprocal Beneficiary Relationship Other (explain)

State:

For Borrower Selecting the Unmarried Status

Uniform Residential Loan Application — Unmarried Addendum



Community Property State

At least one borrower lives in a community property state. The property is in a community property state.

Transaction Detail

Conversion of Contract for Deed or Land ContractRenovationConstruction-Conversion/Construction-to-Permanent

Single-Closing Two-ClosingConstruction/Improvement Costs $Lot Acquired Date / / (mm/dd/yyyy)Original Cost of Lot $

Refinance Type Refinance Program

No Cash OutLimited Cash OutCash Out

Energy Improvement

Mortgage loan will finance energy-related improvements. Property is currently subject to a lien that could take priority over the first mortgage lien, such as a clean energy lien paid for through property taxes (e.g., the Property Assessed Clean Energy program).

Project Type Condominium Cooperative Planned Unit Development (PUD) Property is not located in a project

Uniform Residential Loan Application — Lender Loan InformationThis section is completed by your Lender.

Title to the Property Will be Held in What Name(s): For Refinance: Title to the Property is Currently Held in What Name(s):

Estate Will be Held in

Fee SimpleLeasehold / / (mm/dd/yyyy)Expiration Date

Manner in Which Title Will be Held

Sole Ownership Joint Tenancy with Right of Survivorship Life Estate Tenancy by the Entirety Tenancy in Common Other

Trust Information

Title Will be Held by an Inter Vivos (Living) Trust Title Will be Held by a Land Trust

Indian Country Land Tenure

Fee Simple On a Reservation Individual Trust Land (Allotted/Restricted)Tribal Trust Land On a ReservationTribal Trust Land Off ReservationAlaska Native Corporation Land

Mortgage Type Applied For Terms of Loan

Note Rate % Loan Term (months)

Mortgage Lien Type

First LienSubordinate Lien

Amortization Type

If Adjustable Rate:

Initial Period Prior to First Adjustment (months)Subsequent Adjustment Period (months)

Loan Features

Proposed Monthly Payment for Property

First Mortgage (P & I)

Subordinate Lien(s) (P & I)

Homeowner’s Insurance

Supplemental Property Insurance

Property Taxes

Mortgage Insurance

Association/Project Dues (Condo, Co-Op, PUD)

Other

TOTAL


L1. Property and Loan Information

L2. Title Information

L3. Mortgage Loan Information

Full DocumentationInterest Rate ReductionStreamlined without AppraisalOther

(months)/ Balloon Term Balloon Interest Only (months)/ Interest Only Term

Prepayment Penalty (months) / Prepayment Penalty Term Temporary Interest Rate Buydown %/Initial Buydown RateOther (explain):

Negative Amortization

Fixed Rate Other (explain):Adjustable Rate

Conventional USDA-RDFHA VA Other:

$

$

$

$

$

$

$

$

$

●

●

●

Silent Second Loan

0.00

3603.5000


DUE FROM BORROWER(S)

A. Sales Contract Price

B. Improvements, Renovations, and Repairs

C. Land (if acquired separately)

D. For Refinance: Balance of Mortgage Loans on the Property to be paid off in the Transaction (See Table 3a. Property You Own)

E. Credit Cards and Other Debts Paid Off (See Table 2c. Liabilities — Credit Cards, Other Debts, and Leases that You Owe)

F. Borrower Closing Costs (including Prepaid and Initial Escrow Payments)

G. Discount Points

H. TOTAL DUE FROM BORROWER(s) (Total of A thru G)

TOTAL MORTGAGE LOANS

I. Loan Amount Loan Amount Excluding Financed Mortgage Insurance (or Mortgage Insurance Equivalent) $Financed Mortgage Insurance (or Mortgage Insurance Equivalent) Amount $

J. Other New Mortgage Loans on the Property the Borrower(s) is Buying or Refinancing (See Table 4b. Other New Mortgage Loans on the Property You are Buying or Refinancing)

K. TOTAL MORTGAGE LOANS (Total of I and J)

TOTAL CREDITS

L. Seller Credits (Enter the amount of Borrower(s) costs paid by the property seller)

M. Other Credits (Enter the sum of all other credits — Borrower Paid Fees, Earnest Money, Employer Assisted Housing, Lease Purchase Fund, Lot Equity, Relocation Funds, Sweat Equity, Trade Equity, Other)

N. TOTAL CREDITS (Total of L and M)

CALCULATION

TOTAL DUE FROM BORROWER(s) (Line H)

LESS TOTAL MORTGAGE LOANS (Line K) AND TOTAL CREDITS (Line N) – $

Cash From/To the Borrower (Line H minus Line K and Line N)

NOTE: This amount does not include reserves or other funds that may be required by the Lender

to be verified.

L4. Qualifying the Borrower – Minimum Required Funds or Cash Back

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

0.00

0.00

0.00

0.00

0.00

0.00

0.00

first time homebuyer loan program - california

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