HUD-Pending DHHL Institutional Loan-HUD Processing (No DG) Firm Comm

SECTION 184A NATIVE HAWAIIAN HOUSING LOAN GUARANTEE PROGRAM

DHHL INSTITUTIONAL LOAN – HUD PROCESSING (No DG)
FIRM COMMITMENT SUBMISSION CHECKLIST

BORROWER: ____________________________________________ Case #__________

ITEM	INCLUDED
Firm Commitment Submission Checklist Lender Submission Contact Sheet
Section 184A Case Number Request Form (with case number assignment)
Mortgage Credit Analysis Worksheet
Maximum Mortgage Worksheet (Single Close Only)
Good Faith Estimate
Executed Uniform Residential Loan Application (including Addendum A)
Land Status Information; Lease Instrument including any amendment, addendum, succession or assignment of lease documentation
CAIVRS
Appraisal including supporting documentation as provided by the appraiser
DHHL’s Audited Financial Statements (Current and Previous 1 Year)
Demonstration of DHHL’s skills and experience to successfully undertake similar development activities
Assets Analysis (proving sufficient debt coverage)
Demonstration of Sufficient Market
Marketing Plan (sales project)
Demonstration of DHHL Property Management Skills (rental projects)
Project Pro-Forma (rental projects)
Rental and Maintenance Plan (rental projects)
Evidence of Authority to Borrow
Evidence of Ability to Obtain Deficiency Judgment
Verification of Deposit/Funds to Close and Source of Funds
Credit Report
Flood Certificate
Environmental Assessment *Applications for 5 or more homes must include an environmental assessment under the National Environmental Policy Act (NEPA) and compliance with regulations
Explanatory Statements
Construction Documents
Detailed Plans and Specifications
Construction Schedule
Cost Estimate
Construction Contract
Site Map and Legal Description of the proposed property(ies)
Breakdown of Costs
Builder Certification, HUD 92541