Arizona Housing Finance Authority HOME PLUS Program DOWN PAYMENT ASSISTANCE PROGRAM ACKNOWLEDGMENT

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Shon Tyler
6 years ago
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1 Arizona Housing Finance Authority HOME PLUS Program DOWN PAYMENT ASSISTANCE PROGRAM ACKNOWLEDGMENT Please be advised that the Arizona Housing Finance Authority, a governmental entity, is providing down payment/closing cost assistance funds to be used in conjunction with the Arizona Housing Finance Authority HOME PLUS first mortgage loan. The assistance is provided to qualified homebuyers in the State of Arizona. The assistance is only available in conjunction with the HOME PLUS first mortgage loan. The assistance is provided as a non-repayable grant in an amount equal to % of the HOME PLUS first mortgage Note amount. Amount of Assistance $ Borrower: Borrower: Property Address: Borrower s Signature and Date Borrower s Signature and Date

2 Arizona Housing Finance Authority (AzHFA) (acting on behalf of Arizona Department of Housing) HOME PLUS MORTGAGE LOAN PROGRAM MORTGAGOR CERTIFICATE There are important legal consequences to this Mortgagor Certificate. Read carefully before signing. Note: If the Home Plus Mortgage Loan is combined with a Mortgage Credit Certificate (MCC), then the Mortgage Certificate is not to be completed; instead, the MCC Recipient Affidavit must be completed. STATE OF ARIZONA COUNTY OF The undersigned, as part of my (our) application for a Mortgage Loan under the Home Plus Mortgage Loan Program (the Program ) from a participating lender (a Lender ) of my (our) choice for a singlefamily residence that will become my (our) permanent, principal residence, state the following information to be true and correct: MORTGAGOR NAME: LAST, FIRST, MIDDLE CO-MORTGAGOR NAME: LAST, FIRST, MIDDLE ADDRESS OF RESIDENCE BEING PURCHASED ARIZONA CITY, COUNTY, ZIP CODE TOTAL NO. OF PERSONS IN HOUSEHOLD: Number of Income Recipients Number of Minors The income shown on Fannie Mae Form 1003 is accurate and is : $ The purchase price shown on the real estate contract for the residence is : $. Apart from any normal real estate agents commissions, no money is being paid, no promissory note is being delivered, nor is anything else of value (including, without limitation, personal property) being exchanged for or transferred to the seller of the residence or any other person or persons by me, or to my knowledge by any other person, in connection with my (our) purchase of the property, except as indicated in the escrow and settlement documents. I have not entered into any agreement with the seller of the residence, or any developer, contractor or other person, pursuant to which any portion of the residence has been left unfinished or any fixtures or other necessary architectural appointments have been omitted or removed from the residence in order to reduce the purchase price. I am not buying any unattached items of personal property from the seller in connection with the residence except as itemized with the amount of their purchase price that does not exceed their fair market value and attached hereto and incorporated into this Affidavit. (a) The residence is located within Arizona but not within Maricopa or Pima Counties and will be occupied as my (our) principal residence within a reasonable time (not to exceed 60 days of loan closing), will not be used as investment property, or as a vacation or recreational home, or in conjunction with business activities; and I (we) will immediately notify the Servicer in writing if the residence ceases to be my (our)

3 principal, permanent residence; (b) this is not a refinancing of an existing, previously occupied residence for which this mortgage loan is being requested and will not replace my (our) existing mortgage or land contract or a newly constructed residence has not and will not be occupied prior to loan commitment, and the proceeds of the mortgage loan will not be used to replace my (our) existing mortgage, unless such loan is a construction, bridge or temporary initial financing of 24 months or less; (c) the land appurtenant to the home will not provide a source of income to me (us); (d) the home is a one two unit residence; (e) I (we) do not have an application in process nor have I (we) received a commitment for a mortgage loan under any other single family loan program; (f) no person related to me (us) has or is expected to have an interest as a creditor in the mortgage loan; (g) I (we) must meet all federally and locally mandated requirements to qualify for the mortgage loan; and (h) this Certificate will be relied upon for the purposes of determining my (our) eligibility under the Program and if any information contained in this certificate contains a material misstatement which is due to fraud or an intentional mistatement, I (we) may be subject to civil or criminal penalties. Signature of Mortgagor Printed Name of Mortgagor Signature of Co-Mortgagor Printed Name of Co-Mortgagor LENDER CERTIFICATION The undersigned, as Lender, certifies that as of the date of closing it has (1) reviewed the foregoing certification of the Mortgagor(s) and found it to be true and correct; (2) charged the mortgagor(s) only reasonable and customary fees of processing the financing and no more than charged to buyers of other products we originate; and (3) after completion of all underwriting, verifications and investigations, approved the Mortgage Loan. Including that the Mid-Credit Score used to qualify the borrower(s) is at least 640 and the maximum debt-to-income ratio does not exceed 45%. The Lender hereby agrees that it will immediately forward to the Servicer all information which it may receive during the life of the Mortgage Loan which (1) may indicate that the mortgagor(s) may have made a misrepresentation in applying or (2) may affect the mortgagor s continued eligibility. The Lender also certifies if New Construction, Certificate of Occupancy Date: Name of Lender Dated Signature of Authorized Officer Telephone Number of Authorized Officer Printed Name & Title of Authorized Officer

4 ARIZONA HOUSING FINANCE AUTHORITY EIN SINGLE FAMILY MORTGAGE PROGRAM - DPA FUNDING REQUEST This form cannot be handwritten. You may only submit a form that was generated from the ehousingplus Lender Portal AFTER an Underwriter Certification has been submitted online. DPA Funding Request forms must be submitted 2 business days prior to funding to assure timely processing. Participating Lender Name: Underwriter Certified Date: Lender Contact: Lender Contact /phone Date of Request: Loan Closing Date: WIRE TRANSFER/FUNDING REQUEST FORM A minimum two (2) business day notice to allow for the timely transfer of funds. Wire Request Amount: Bank: Wiring Instructions Bank Address: Bank Phone: ABA # Closing Agent/Title Company: ATTN: Phone Number / Account #: Borrower(s) Name: Reference/GF #/File Number: Property Address: US Bank Loan Number: NOTE If the Loan does not close on the Loan Closing Date indicated on the Request Form, Lender agrees to cause the funds to be returned to Wells Fargo for the credit of the Authority s account not later than the close of business on the business day following the Loan Closing Date. Wiring instructions for the return of funds are as follows: Wells Fargo Bank, N.A. ABA: BNFA: FFC: Corporate Trust Wire Clearing Ref: Attn: Cecil Bobey (415) Wire Transfer /Funding Request Form print, sign, scan and to all five: fundsrequest@ehousingplus.com, cecil.bobey@wellsfargo.com;rebecca.visaya@wellsfargo.com;carl.kinney@azhousing.gov; carol.ditmore@azhousing.gov.

5 The undersigned hereby represents that [he/she] is authorized to execute this Funding Request on behalf of the Participating Lender shown above and that all of the above information is true and correct. Date: Signature of Authorized Officer Printed Name Title:

6 AZHFA COMPLIANCE FILE CHECKLIST SERVICER LOAN # MORTGAGOR NAME LENDER NAME CONTACT NAME AC & Phone ADDRESS OF CONTACT PERSON AC & Fax PLEASE SUBMIT THE FOLLOWING ITEMS IN THE ORDER SHOWN TO ASSURE FASTEST PROCESSING. HOME PLUS ONLY (IF HOME PLUS LOAN ALSO HAS MCC, USE THE MCC CHECKLIST NOT THIS ONE) THIS CHECKLIST MCC WITH OR WITHOUT HOME PLUS THIS CHECKLIST Compliance Review Fee of $225 Compliance Review Fee of $275 Corporate Checks only made payable to ehousingplus; Corporate Checks only made payable to ehousingplus; Include name of Borrower and Property address Include name of Borrower and Property address ORIGINAL EXECUTED Mortgagor Certificate COPY of Real Estate Purchase Contract COPY of Final Executed Loan Application-1003 COPY of Executed Settlement Statement HUD1 ORIGINAL EXECUTED Notices to Buyers ORIGINAL EXECUTED MCC Recipient Affidavit IRS Income Tax Transcripts for past 3 yrs COPY of Real Estate Purchase Contract COPY OF Warranty Deed COPY of Final Executed Loan Application-1003 COPY OF Homebuyer Education Certificate COPY of Executed Settlement Statement HUD1 COPY OF Warranty Deed COPY OF Homebuyer Education Certificate PLEASE SUBMIT COMPLETE COMPLIANCE FILE TO ehousingplus: ehousingplus, 3050 Universal Blvd., Suite 190, Weston, FL PLEASE NOTE: MORTGAGE FILE, INCLUDING CREDIT PACKAGE AND VERIFICATION FORM ARE SENT TO U S BANK.

SEDGWICK COUNTY, KANSAS AND SHAWNEE COUNTY, KANSAS SINGLE FAMILY MORTGAGE LOAN PROGRAM COMPLIANCE FILE CHECKLIST

SERVICER LOAN NUMBER MORTGAGOR(S) LENDER NAME LENDER # CONTACT NAME AC & PHONE NUMBER EMAIL OF CONTACT PERSON SEDGWICK COUNTY, KANSAS AND SHAWNEE COUNTY, KANSAS SINGLE FAMILY MORTGAGE LOAN PROGRAM COMPLIANCE