District of Columbia Review of Loan Application

State:
Multi-State
Control #:
US-03040BG
Format:
Word; 
Rich Text
Instant download

Description

This is a sample form that a bank official might use in evaluating whether or not to make a loan to the loan applicant.
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FAQ

How do I know if I am eligible to receive benefits through HAF? Homeowners must meet the following criteria to be eligible: What is the maximum amount of assistance that I can receive through Florida's HAF program? Benefits cumulatively may not exceed $50,000 per eligible household throughout the life of the program.

Required loan disclosures. (a)(1) A licensee who offers to make or procure a loan secured by a first or subordinate mortgage or deed of trust on a single to 4-family home shall provide the borrower with a financing agreement executed by the lender.

Learn more or apply online using the buttons below or call 1-855-MY-NCHAF (1-855-696-2423).

For questions about terms of the HAF mortgage, mortgage lien releases, payoff quotes, etc., please call 1-833-519-7405 or email HAFServicing.dhcd@Maryland.gov. All remaining program applications, including those on the waitlist, are being processed and applicants are being notified of their status.

Once you start the application process you should expect that it will take between 60 to 90 days for application approval. To learn more about these and other DC government programs visit DHCD's website at , you may also Click Here.

Who Is Eligible? Up to $25,000 Grant Per Household to Pay: Delinquent mortgage/housing expenses, including property tax and insurance escrow shortages.

If you prefer a phone conversation, please call (202) 540-7407.

For moderate income eligible households: Payment on loans is deferred for the first five years. Monthly principal-only payments begin in the sixth year of the loan, amortized over a 40-year period. For very low income and low income eligible households: Loans will have no monthly payments.

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District of Columbia Review of Loan Application