Get Ihda Submission Cover And Final Data Summary

Filling out the Ihda Submission Cover And Final Data Summary is an essential step in the process of securing funding through the Illinois Housing Development Authority. This guide provides clear, step-by-step instructions to help users efficiently complete the form online.

Follow the steps to successfully complete the Ihda Submission Cover And Final Data Summary.

1. Press the ‘Get Form’ button to obtain the Ihda Submission Cover And Final Data Summary form and open it in the editor.
2. Begin by filling in the IHDA Program & Loan Type section with the relevant details. Indicate the IHDA Loan numbers for the 1st and 2nd loans, including the MCC number, if applicable.
3. In the Interest Rate section, provide the interest rates for the 1st and 2nd loans, noting whether the second loan is for repayment or is forgivable.
4. Complete the Lender and Lender Address sections with accurate information, including the contact email and phone number for post-close inquiries.
5. Enter the details for the Borrower and Co-Borrower, ensuring all names are correctly spelled and complete.
6. Fill in the Property Address section with the full address including number, street, city, and zip code, followed by the county where the property is located.
7. Indicate the household size and the county's purchase income limit and price limit for the property.
8. Provide the Contract Sale Price and other property data, including Appraised Value, Appraisal Date, the type of structure (Detached, Condo, PUD), number of rooms, living area, lot size, construction type, number of bedrooms, year built, heating type, number of baths, and whether the property is existing or new.
9. Complete the Base Loan Amount and Total 1st Mortgage Amount sections, along with the 2nd Mortgage Amount. State the loan-to-value (LTV) ratio and combined LTV (CLTV) percentages.
10. Fill in the Date Closed and First Payment Date fields accurately.
11. Provide a detailed breakdown of the final monthly payment, including 1st and 2nd monthly principal and interest payments, along with property taxes, HOA/Assessment fees, hazard insurance, flood insurance, and monthly mortgage insurance premiums.
12. In the IHDA Upload section, make sure to check off the boxes corresponding to the required documents that need to be uploaded to MITAS, including borrower and seller affidavits, income calculations, tax compliance certificates, and more.
13. Complete the payment section for the MCC fee, ensuring a check is made payable to the Illinois Housing Development Authority.
14. Finally, review all the entered information to ensure accuracy and completeness before saving changes, downloading, printing, or sharing the form.

Take the next step in securing your housing assistance by completing the Ihda Submission Cover And Final Data Summary online today.