Get Mn Start Up Borrower Affidavit 2014

Completing the MN Start Up Borrower Affidavit is a crucial step in your loan application process. This guide provides clear steps to help you fill out the form accurately and efficiently online.

Follow the steps to successfully complete the affidavit online.

1. Click the ‘Get Form’ button to access the MN Start Up Borrower Affidavit and open it for editing.
2. In the first section, provide the address of the property you are purchasing, including the street address, city, and county.
3. Affirm your intention to occupy the property as your principal residence within sixty days after closing, as stated in item #2.
4. Confirm that you do not plan to lease, sell, assign, or transfer any interest in the property, as indicated in item #3.
5. If applicable, verify that the property does not have more than two dwelling units and will be occupied by you within the required timeframe.
6. Ensure that you do not intend to use more than fifteen percent of the total area of the property for business purposes, following item #6.
7. Affirm that the property is not being used as an investment property or recreational home, according to item #7.
8. Declare that you have not held any ownership interest in a principal residence in the last three years, as stated in item #8.
9. Attach copies of the complete agreement with the property seller and any documentation of rehabilitation or repair work, following item #9.
10. Report any other debts related to the property in accordance with item #10.
11. Confirm the acquisition cost of the property is accurate and reflects the agreement you have with the property seller, as per item #11.
12. Indicate whether the property is a completed residential unit that meets underwriting standards, in line with item #12.
13. Confirm that the mortgage loan proceeds will be used solely for acquiring the property or for rehabilitation, following item #13.
14. Verify that no proceeds will be used to purchase appliances or personal property not fixed to the property, as stated in item #14.
15. Attach your signed federal income tax returns from the last three years or indicate if you were not required to file, as outlined in item #15.
16. Promise to notify Minnesota Housing if you vacate the property, in accordance with item #16.
17. Allow for property inspections by the Minnesota Housing Lending Partner, as required by item #17.
18. If applicable, confirm that any factory-made housing is permanently affixed to owned land, as per item #18.
19. Affirm that you have made no material misstatements in your loan application in accordance with item #19.
20. Ensure you have executed the appropriate loan application form and that it contains accurate information about your income sources, as stated in item #20.
21. Once all fields are completed, review your entries for accuracy, then save your changes, download a copy for your records, or share the completed form as needed.

Complete your MN Start Up Borrower Affidavit online today to ensure a smooth loan application process.