% of Existing Debt Requested FHA Requested FHA Requested FHA Used for Project Loan Amount <= Loan Amount 61% - Loan Mount >=71% Purposes 60% LTV 70% LTV LTV Application may be Application may be >50% 2 year seasoning submitted within 2 submitted within 2 required years years Application may be <=50% 2 year seasoning 2 year seasoning submitted within 2 required required years Legal and Organizational Costs The legal and organization costs are estimated to total $ ($ for legal, $ borrower’s for organizational expenses). The underwriter concluded that the budgeted amounts are reasonable. Title and Recording Fees Title and recording fees are estimated to cost $ . The underwriter concluded that the budgeted amount is reasonable. Other Fees A total of $ in third-party report fees has been included in the mortgage calculation and the fees include . HUD Fees <<This section pertains to the transaction cost calculation and may not match the actual fees in the source and use.>> The HUD fees total $ and are comprised of MIP totaling % of the mortgage amount ($ ); the HUD application fee totaling 0.3% of the mortgage amount ($ ); and, the HUD inspection fee ($ ). <<i.e., 0.0050 x Total Structures on the Form HUD Financing Fees <<This section pertains to the transaction cost calculation and may not match the actual fees in the sources and uses chart. >> The financing fees payable to the lender total $ . The total is made up of a fee of 1.00% of the mortgage amount ($ ); plus fixed lender fees totaling $ . In total, the fees payable to the lender represent % of the mortgage amount.
% of Existing Debt Used for Project Purposes Requested FHA Loan Amount <= 60% LTV Requested FHA Loan Amount 61% - 70% LTV Requested FHA Loan Mount >=71% LTV >50% Application may be submitted within 2 years Application may be submitted within 2 years 2 year seasoning required <=50% Application may be submitted within 2 years 2 year seasoning required 2 year seasoning required Legal and Organizational Costs The borrower’s legal and organization costs are estimated to total $ ($ for legal, $ for organizational expenses). The underwriter concluded that the budgeted amounts are reasonable. Title and Recording Fees Title and recording fees are estimated to cost $ . The underwriter concluded that the budgeted amount is reasonable. Other Fees A total of $ in third-party report fees has been included in the mortgage calculation and the fees include . HUD Fees <<This section pertains to the transaction cost calculation and may not match the actual fees in the source and use.>> The HUD fees total $ and are comprised of MIP totaling % of the mortgage amount ($ ); the HUD application fee totaling 0.3% of the mortgage amount ($ ); and, the HUD inspection fee ($ ). <<i.e., 0.0050 x Total Structures on the Form HUD Financing Fees <<This section pertains to the transaction cost calculation and may not match the actual fees in the sources and uses chart. >> The financing fees payable to the lender total $ . The total is made up of a fee of 1.00% of the mortgage amount ($ ); plus fixed lender fees totaling $ . In total, the fees payable to the lender represent % of the mortgage amount.