Get Financial Assessment Worksheet

Filling out the Financial Assessment Worksheet online is a crucial step in assessing financial eligibility for housing assistance. This guide provides a clear, step-by-step approach to ensure you accurately complete each section of the worksheet.

Follow the steps to successfully complete your Financial Assessment Worksheet.

1. Click the ‘Get Form’ button to obtain the worksheet and open it in your preferred online editor.
2. Begin with 'Section A: Property Charge Payment History.' Indicate your payment status for real estate taxes, other assessments, and HOA fees by selecting yes or no. Ensure to include any relevant delinquency information from the last 24 months.
3. Proceed to 'Section B: Credit History.' Here, document your installment and revolving credit accounts, including the number of delinquent payments over the specified periods.
4. In 'Section C: Assets,' list your asset accounts and calculate the net value after subtracting any mortgagor funds needed to close.
5. Move to 'Section D: Calculation of Imputed Income from Asset Dissipation.' Provide the net value for each asset account to determine the total imputed monthly income from assets.
6. For 'Section E: Calculation of Maintenance and Utility Expenses,' input the square footage of your living area to calculate monthly expenses.
7. In 'Section F: Monthly Effective Income,' combine all sources of income, including employment and assets, to find your total monthly effective income.
8. Complete 'Section G: Monthly Property Charges' by calculating and documenting the monthly amounts for various property charges.
9. In 'Section H: Other Monthly Expenses,' list any outstanding balances and monthly payments for expenses such as taxes and judgments.
10. Calculate your 'Section I: Residual Income' by subtracting total monthly property charges and other monthly expenses from total monthly effective income.
11. In 'Section J: Residual Income Shortfall,' document the household size and region, and calculate if there is a shortfall in your residual income.
12. Complete Sections K, L, and M as needed, addressing any factors that may affect your financial assessment.
13. Review the results section to ensure you submit accurate information about your financial status, then save your changes, download, print, or share the form as required.

Start filling out your Financial Assessment Worksheet online today to ensure your financial eligibility and access to housing assistance.