APPLICATION CHECKLIST

Lender: _______________________________________

Applicant(s) _____________________________________

Property Located in ________________________ County

Package Submitted to Rural Development/USDA

_______________________

_______________________

_______________________

Please assure that all documents have consistent Names and Loan Amount

_____ Copy of Form 1980-86, Reservation of Funds. (Fax prior to submission of package.)

_____ Fannie Mae Form 1008, “Uniform Underwriting and Transmittal Summary” signed

by the underwriter. Comments, pre-qualifying and final requirements of

underwriter must be attached.

____ Form 1980-21 “Request for SFH Loan Guarantee”

(Original Form must be complete with original signatures of applicant(s) and Lender)

_______ Copy of signed and dated application (Initial & Final)

_____ Copy of acceptable credit report on all applicants

_____ Copy of valid income verifications of each adult member of the household.

_____ Form AD 1048 “Certification Regarding Debarment”

(Must be signed by the applicant(s)

_____ Copy of sales contract or bid for construction contract.

_____ Complete acceptable appraisal, less than 6 months old.

_____ FEMA Form 81-93, “Standard Flood Hazard Determination”

Lender must include written documentation that each eligibility requirement is met and the basis for those determinations must be included in the Lender’s file.