HDF LOAN APPLICATION READ BEFORE COMPLETING LOAN APPLICATION.

At this point, your counselor has explained the Project Reinvest loan product. You & your bank loan officer have also discussed how this product pairs up with the 1st mortgage. If there is something you do not understand, please ask your counselor or loan officer. Submit this form with the attached HDF loan application and the required documents.

LOAN TYPE &REPAYMENT

TERMS

USES LOANLIMIT

INTERESTRATE

ORIGINATION FEE

ADDITIONALCLOSING

COSTS

LOAN AMOUNT $

PROJECT REINVEST

Lump sum payment at time of sale, pay-off of 1st mortgage, transfer of title, or refinance.

Down Payment & closing costs 1-4 unit properties

Must Borrow Full $10,500

0% $250 yes

• Income eligibility is re-determined when your loan application is received by HDF.•

•

•

Project Reinvest is a loan. Please note repayment terms.

Product eligibility is subject to final determination and approval.Terms and conditions of these loan products can change at any time.

PRINTED NAME ____________________________________________________________PLEASE INITIAL___________

7/2018

$10,500

PRODUCT

1

First Name*: Middle Name: Last Name*:

Current Address*: City*: State*: Zip*:

Loan Application

Home Phone*: ex. (203) 555-5555

Male FemaleDate of Birth*: (MM/DD/YYYY)

Marital Status*:

Single Married

Divorced Legally SeparatedEducation*:

OtherSection 8

Rental Public/Subsidized Housing

High School/GED College Grad Degree

Some High School Some College Vocational

None

Primary

Current Housing*: (Select one) Years at Present Address*:Current Monthly Rent*: $

APPLICANT:

2

Yes NoAre you an active member of the US Military?*:

Social Security #*: e.g. XXX-XX-XXXX

ex. (203) 555-5555WorkPhone*:

Cell Phone*: ex. (203) 555-5555 Email Address*:

IMPORTANT: Commitment Letters, Loan Estimates, and Closing Disclosures will be sent via email unless requested otherwise.

First Name*: Middle Name: Last Name*:

Current Address*: City*: State*: Zip*:

Home Phone*: ex. (203) 555-5555

Email Address*:

Date of Birth*: (MM/DD/YYYY)

Current Housing*: (Select one) Years at Present Address*:Current Monthly Rent*: $

CO-APPLICANT:

Social Security #*: e.g. XXX-XX-XXXX

ex. (203) 555-5555

ex. (203) 555-5555

WorkPhone*:

Cell Phone*:

IMPORTANT: Commitment Letters, Loan Estimates, and Closing Disclosures will be sent via email unless requested otherwise.

Other

Public/Subsidized Housing

Section 8

Rental

High School/GED College Grad Degree

Some High School Some College Vocational

None

PrimaryMarital Status*:

Education*:

Are you an active member of the US Military?*:

Legally Separated

MarriedSingle

Divorced

Yes No

Male FemaleMale

7/2018

RACE/ETHNICITY

APPLICANT

I do not wish to furnish this information.

Ethnicity

Single Race

Hispanic

Not Hispanic

Chose not to answer

American Indian/Alaska Native

Asian

Black or African American

White

White Hawaiian or other Pacific Islander

Multi-Race American Indian/Alaska Native and White

Asian and White

Black or African American and White

American Indian/Alaska Native and Black or African American

Other Multiple Race

Chose not to answer

CO-APPLICANT

I do not wish to furnish this information.

Ethnicity Hispanic

Not Hispanic

Chose not to answer

Black or African American

White

Single Race American Indian/Alaska Native

Asian

White Hawaiian or other Pacific Islander

Multi-Race

Chose not to answer

Other Multiple Race

American Indian/Alaska Native and Black or African American

Black or African American and White

Asian and White

American Indian/Alaska Native and White

3

First Name Last Name

Married with children Female-headed single parent Other

Married without children Male-headed single parent

Single adult

Two or more unrelated adults

AgeGender Relationship to Applicant(s)

Veteran? Disabled?

Annual Income

$

$

$

$

$

$

Applicant (Self)

Veteran? Disabled?

Veteran? Disabled?

Veteran? Disabled?

Veteran? Disabled?

Veteran? Disabled?

1)

2)

3)

6)

5)

4)

HOUSEHOLD MEMBERSList everyone in the household who will be living in the new home (including applicant and co-applicant). Please list all adults first, with the applicant as #1 and co-applicant as #2, then children under 18.

Total number of people who will be living in the property: Number of children under 18:

Household type:

Female

Male

Male

Female

Male

Female

Male

Female

Male

Female

Male

Female

7/2018

ADDRESS OF PROPERTY BEING ACQUIRED

4PURCHASE INFORMATION

Zip:State:City:Street Address:

Single-Family Other:Condo - Name of Complex:MultifamilyType of Property:

Purchase Price $ Foreclosure Sale by Owner Sale with RealtorShort-Sale This Property is a:

Name of Participating Lender:

Name of Loan Officer:

ex. (203) 555-5555Phone Number: Email Address*:

LENDER

Zip:State:City:Street Address:

Name of Attorney:

Phone Number:

Email Address*:

Fax Number:

ex. (203) 555-5555

ex. (203) 555-5555

ATTORNEY

Paralegal's Email Address*:

Paralegal's Name:

Estimated Closing Date:

7/2018

How did you hear about HDF?*: (Check all that apply)

LenderBank/

Realtor Gov't Agency

Website/Internet Ad/Flyer Word of

Mouth Other:

Name of Employer 1:

Length of Employment:

5EMPLOYMENT INFORMATION

APPLICANT:

Zip:State:City:Street Address:

ex. (203) 555-5555Phone Number:

Position

Yearly Salary $

Name of Employer 1:

Length of Employment:

Zip:State:City:Street Address:

ex. (203) 555-5555Phone Number:

Position

Yearly Salary $

SECOND JOB (if any)

Name of Employer 1:

Length of Employment:

CO-APPLICANT:

Zip:State:City:Street Address:

ex. (203) 555-5555Phone Number:

Position

Yearly Salary $

Name of Employer 1:

Length of Employment:

Zip:State:City:Street Address:

ex. (203) 555-5555Phone Number:

Position

Yearly Salary $

SECOND JOB (if any)

OTHER SOURCES OF INCOME: Do you have any additional sources of income, such as overtime pay, pay from part-time jobs, Social Security, pension, court-ordered child support, etc.? If so, please state the source and amount below:

SOURCE AMOUNT

7/2018

6SAVINGS INFORMATION

NAME OF BANK TYPE ACCOUNT NUMBER BALANCE

Yes No*Has the down payment deposit check cleared from your account?

If you do not currently have sufficient funds in your accounts to cover your downpayment, closing costs and reserves, you will need to explain and document where the additional funds will come from.

Date

Print Name of Co-applicant or Co-purchaser Print Name of Applicant

Signature of Applicant Date Signature of Co-applicant or Co-purchaser

I/We authorize our first mortgage lender and/or attorney to provide a hard or electronic copy of the Sales Contract, Application (1003), Transmittal Summary (1008), Loan Estimate, Truth in Lending Disclosure, Appraisal, Commitment Letter, and other documentation required in connection with the processing of my loan either prior to or post- closing on the purchased home.

AUTHORIZATION FOR INFORMATION SHARING

Please list ALL of your bank accounts including retirement accounts, CDs, IRAs, 401(k), 403(b), Mutual Funds, and Stocks.

$SmartMove Loan Amount Requested: (Cannot exceed 20%of purchase price or appraised value, whichever is less)

FINANCING

Savings

Checking

Gift Funds*

Other

$First Mortgage Amount:

First Mortgage Interest Rate:

First Mortgage Term:

First Mortgage Estimated Closing Costs: Withdrawal from IRA/401(k)*

Lender Credit

*Include verification of withdrawal from IRA/401(k) and gift funds.

Seller Credit

$

$

$

$

$

$

$

$

Amount of Own Funds

You are Putting Down:

Source of all funds for downpayment, closing costs and reserves:

$

7/2018

7DECLARATIONS

Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years? Yes No

Are you obligated to pay alimony, child support or separate maintenance?

NoYes

Yes NoIs any part of the down payment borrowed?

Have you been declared bankrupt within the last 7 years? Yes No

Are you a co-maker or endorser on a note? Yes No

Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure or judgment? Yes No

Are you a party to a lawsuit? Yes No

Are you presently delinquent or in default on any federal debt or any other loan, mortgage, financial obligation bond, or loan guarantee?

Yes No

Are there any legal judgements against you? Yes No

Yes NoAre you a permanent resident alien?

Yes No

Are you a U. S. citizen?

Yes No

Do you intend to occupy the property as your primary residence?

Yes No

APPLICANT: CO-APPLICANT:

NoYes

Yes No

NoYes

Yes No

NoYes

Yes No

Yes No

Yes No

Yes No

Yes No

NoYes

Yes No

NoYes

CERTIFICATION AND SIGNATURE

The undersigned specifically acknowledge(s) and agree(s) that: (1) the Housing Development Fund, Homeownership Assistance Loan requested by this application will be secured by a subordinate mortgage on the property being acquired; (2) the property will not be used for any illegal or prohibited purpose or use; (3) all statements made in this application are for the purpose of obtaining the loan indicated herein; (4) occupation of the property will be as indicated above; (5) verification or reverification of any information contained in the application may be made at any time by the Housing Development Fund, Inc., its agents, successors and/or assigns, either directly or through a credit reporting agency, any source named in this application, and the original copy of this application will be retained by the Lender, even if the loan is not approved; and (6) the Housing Development Fund, Inc., its agents, successors and/or assigns will rely on the information contained in the application and I/we have a continuing obligation to amend and/or supplement the information provided in this application if any of the material facts which we have represented herein should change prior to closing.

I/We hereby certify that all the above information and statements are true and complete, and hereby authorize verification of all information, references and credit records. I/We acknowledge that false information herein constitutes grounds for rejection of this application, termination of rights of occupancy, and/or forfeiture of deposits, and may constitute a criminal offense under the laws of this State. I/We understand that the information given must be verified in order for the application to be processed.

THE PROPERTY YOU ARE INTENDING TO PURCHASE MUST BE YOUR PRIMARY RESIDENCE

Date Date

Signature of Co-applicant Signature of Applicant

If yes, have you had an ownership interest in a property in the last 3 years?

Yes No Yes NoHave you reported all income for all adults intending to live in the home you purchase?

7/2018

DateSignature of Applicant Signature of Co-applicant or Co-purchaser

Print Name of Applicant Print Name of Co-applicant or Co-purchaser

Date

Social Security Number of Applicant (e.g. XXX-XX-XXXX)

Social Security Number of Co-Applicant (e.g. XXX-XX-XXXX)

Date

Print Name of Co-applicant or Co-purchaser

Signature of Co-applicant or Co-purchaser Date Signature of Applicant

Print Name of Applicant

Current Address: City: State: Zip:

Previous Address: City: State: Zip:

AUTHORIZATION FOR INFORMATION SHARINGI/We, authorize the Housing Development Fund, Inc. to:

a) Share readiness and eligibility information with an HDF lending partner employee, if in fact they referred me/us to HDF forhomeownership counseling services.

b)

Obtain a copy of the Closing Disclosure, Appraisal, and Real Estate Note(s) when I purchase a home, from the lender who made me/us theloan and/or the title company and/or attorney that closed the loan.

I/We authorize our first mortgage lender and/or attorney to provide a hard or electronic copy of the Sales Contract, Application (1003),Transmittal Summary (1008), Loan Estimate, CD, Appraisal, Commitment Letter, and other documentation required in connection withthe processing of my loan either prior to or post- closing on the purchased home.

Share all information contained in my/our loan application, including financial information, credit history, and any third party informationobtained for the counseling or mortgage application. This information may be used by any of HDF's lending partners to assist me/us inqualifying for a mortgage. I/We understand that the lender, not HDF, will determine if I/we qualify for a mortgage based on this referral.

c)

d)

Date of Birth of Applicant (e.g. XX-XX-XXXX)

Date of Birth of Co-Applicant (e.g. XX-XX-XXXX)

Do you have a security freeze on your credit report?

If Yes, which bureau(s)?

HDF must order a 3 bureau report. You will have to contact the credit bureau to give HDF access.Please let us know when and how we can access. HDF will not move forward with your application until we can obtain required credit report.

Experian Transunion Equifax

Y es No

If HDF will be pulling credit report, please TYPE in fields and PRINT out. Otherwise, print application and handwrite clearly.

8

There is a Credit Report fee of $21.60 per individual (joint report is $42.20) Check or money order ONLY (no cash). Please make checks payable to "Housing Development Fund". Or use our PayPal link to make an electronic payment: Individual report: $22.39 (including a non-refundable $0.79 PayPal service fee) https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=V6K3D9SY5EVUC Joint report: $43.46 (including a non-refundable $1.26 PayPal service fee) https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=MTSD8G5TH8Z2N

HDF CREDIT RELEASE FORM - CREDIT IS NOT REQUIRED FOR PROJECT REINVEST STAND-ALONE PACKAGES

I/We authorize representatives of the Housing Development Fund to order my credit report. By signing below, I/we authorize the Housing Development Fund to run a credit check when necessary, and to release all information to interested parties upon their request. I (we) understand that this report will be ordered through HDF and that it will appear as an inquiry on my (our) report.

7/2018

Borrower's Certification & Authorization

Certification

The undersigned certify the following:

1. I/We have applied for a mortgage loan from Housing Development Fund. In applying for the loan, I/We completed a loan application containing various information on the purposes of the loan, the amount and source of the down payment, employment and income information, and assets and liabilities. I/We certify that all of the information is true and complete. I/We made no misrepresentations in the loan application with the employer and/or other documents, nor did I/We omit any pertinent information.

2. I/We understand and agree that Housing Development Fund reserves the right to change the mortgage loan review process to a full documentation program. This may include verifying the information provided on the application with the employer and/or the financial institution.

3. I/We fully understand that it is a Federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements when applying for this mortgage, as applicable under the provisions of Title 18, United States Code, Section 1014.

Authorization to Release Information

To Whom It May Concern:

1. I/We have applied for a mortgage loan from Housing Development Fund.As part of the application process, Housing Development Fund and the mortgage guaranty insurer (if any) may verify information contained in my/our loan application and in other documents required in connection with the loan, either before the loan is closed or as part of its quality control program.

2. I/We authorize you to provide to Housing Development Fund and to any investor to whom Housing Development Fund may sell my mortgage, and to the mortgage guaranty insurer (if any), any and all information and documentation that they request. Such information includes, but is not limited to, employment history and income; bank, money market, and similar account balances; credit history; and copies of income tax returns.

3. Housing Development Fund or any investor that purchases the mortgage or the mortgage guaranty insurer (if any) may address this authorization to any party names in the loan application.

4. A copy of this authorization may be accepted as an original.

5. Your prompt reply to Housing Development Fund or the investor that purchased the mortgage is appreciated.

6. Mortgage guaranty insurer (if any):

VA and FHA Loans

This is notice to you as required by the Right to Financial Privacy Act of 1978 that:

N/A Department of Veterans Affairs (VA)

N/A Department of Housing and Urban Development

has a right of access to financial records held by a financial institution in connection with the consideration or administration of assistance to you. Financial records involving your transaction will be available to the agency indicated above without further notice or authorization, but will not be disclosed or released to another Government Agency or Department without your consent except as required or permitted by law. Prior to the time that your financial records are disclosed, you may revoke this authorization at any time; however, your refusal to provide the information may cause your application to be delayed or rejected. If you believe that your financial records have been disclosed improperly, you may have legal rights under the Right to Financial Privacy Act of 1978.

Date Date

9

7/2018