Underwriting Reviews Services

The Vendor is required to provide the methods used to calculate household income for compliance are different from those used to calculate income for credit underwriting.
- These limits are county and program-specific.
- Sales positions requiring some record keeping and telephoning at the home; but no storage or distribution of goods; and
- Production of craft items involving only a small area in the house.
- If the property is new construction, served by a private septic system and reference is made to issues concerning the quality, the system must be tested by a licensed plumbing contractor or local government health or building inspector.
- The inspector must certify to the adequacy and proper functioning of the septic system as of the date of inspection and that it does not contaminate the water source to the subject property.
- The lock expiration date needed for the Loan Estimate is the Reservation Expiration Date field found on the Reservation Accepted form.
- The only allowable closing costs for the DPA loan is the fee required to record the mortgage.
- Evidence of such written authority must be maintained by lender;
- When Down Payment Assistance (DPA) is available in conjunction with a first mortgage it may be used for down payment, closing costs and/or prepaid items.