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<br />- EST::LrtTE OP ' VGA LUANb
<br />MONIMLYEXPitr';E
<br />�LOSNG COSTS
<br />ESTIMATE
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<br />VAW: OF PROPERTY s--;;
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<br />OOit,.',:;iicJ PORINSU3ANCE �•�I
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<br />;.__MAX.INTEREST Se (Sr: Crn. Csnd."
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<br />The clLmaica o' fire insurance. taxes, matnlcrance/repairs, hca;/ut.".:Ccs and c:osLit; costs are furedeitd for morica:ce's and mort,;agor's
<br />isformalmr.. They may be used to prepare FIFA Form 2500,A%:' cation :or Credit Approval, when afirmeommilmentls desired.
<br />GENERAL COMMITldE NT C ONDiaOPIS
<br />1, 1:AX;%,U:,. i;OATCACE AMOUNTAND TER\'S-
<br />(a)OCCL: ANT 14ORTGAGORS:—The morlU;aga amount and kris
<br />cc: ion]. a. -.:.a LL_aM;t arc t:.c maximum approved for this pro,-.-
<br />y al,Cm::;' a ralLracio.v owner -occupant no,,gagar. Tita
<br />r.:axim.um a.::cun: and term In the beading may be changed depend -
<br />lag upon F;i.Y a rich:::; or the borruwcr, his Income and crodil.
<br />(L) ;J O,C D CCU?.::d i 14OUGAG ORS: —1f the morlgagor does not
<br />:..a law 1::11;::110 maximum mO7:�. tie amount to
<br />rot ::. oxa , a a;S: o: the maximum amount u ai:abla to an e1i.;i-
<br />I.lc wiu will occupy the hou.c (65% of value if Sao
<br />20.i:i1 0: .::i). A the ease of nonoccupant morigagore. Vie [,am
<br />camm;;mtrt. w:= Ic•::ef. wall reduce the morlgaga am.ount and terms
<br />below ilia! stared la d:j Leading.
<br />(e)COLlf Ili C,EXT.".HAPIGM—The Ccmmiss:oner r,uy, upon n-
<br />qucsl of 1-c approved morizacee, change the mu:igago amount and
<br />terai act for,h in Cis headlug. if the application is accompanied by
<br />a VA CAV, chaugen will be made only if VA Isuucs an amendment.
<br />2. FiRhl CC:.I:.:ITMXNT; —A firm commitment to injure a loan will be
<br />issued upon recel,,t oran Application, for Credit Approval, FNA Forn:
<br />2fio0, exoemvd hey or. upproved mortgagee unit aborrower satisfactory
<br />lu ilia Commissionor.
<br />COSfh1IT\6ENT TERLft—This commil:ment shall cxpin: S;Y. fI.CNTriS
<br />from the Issue dale In Otecase of an EXISTING HOUSE or OC'E
<br />YEAR, from its date In the case of PROPOSED CONSTRUCTION.
<br />for he purpose off dte�crmfnftis fn either
<br />cn a commitment era TING* or *PROPOSED'
<br />s- Accord-
<br />:gly, aphouse, even thou h stiff under consImellon, incy be ciassf-
<br />,.c+l as an arfsuln house Ft was not approved by YZA or VA prior
<br />to the beyinnin;; ofcons:ruetion.)
<br />d, CANCELLATION: — -this corm:!:nanl may be car nacd after 50
<br />day, from the data of Issuance if consl.niction bus not slarlad, unless
<br />the mortgagee has disbursed loan proatade.
<br />S. PROPERTY STANDARDS: — All construction, mpatm, or alterations
<br />proposed in ilia application or on the dmwin6a and spcelfmaGols
<br />returned herewith, shaft equal or exetod the FHA NI inlmum Properly
<br />Standards.
<br />SPECIFIC CO(AIMTMENT CONJITiONS (f.,gn&ab4•+vJen checkerO
<br />L HEALTH Al,"ILOR TY APPlOVAL:—Exam:on of Form 2573by
<br />The Ii cu::h i-;4or:Iy Whaling approval of the water supply and/
<br />or sawm;;t d:sl)ossl Instalialion Is required. (Approval by letter
<br />or Health Aulhorliy !-am may be used.)
<br />CONTROL: —(a) EXISTING HOUSE • Furnishcartificatu
<br />::uG1 a r,eogriced termite cantrol operator that the house shows
<br />no evl.cou of an native termite bdostatlon. (b) PROPOSED CON-
<br />STIIUCTIUN - Punish uriJ:nul and two cuples of Termite Soil
<br />Treotmcm Guarantee 7HA Form 2052.
<br />S UL'D,Vi5: GX REQUIRE\II'.NTS:—Comp:y wain Requiremeats
<br />❑ Nu.
<br />irom heporl dated for
<br />Subdivm:on.
<br />4. uUlL.ichS WARRANTY. —Tits White s:.all execute FHA Form
<br />21; :, Ruil..ct'. 11'arrurq'.
<br />d. PROPERTY IXSi'EC T:G?IS;—A notice of construction status
<br />j:14 be cl:cn by Fo:m 2265X, letter or telaphona at the times hcdl• t
<br />gated below:
<br />(a.) ALI. CONSTRUCTION CASES:
<br />bwo wort days be:ore "boLineln:; Gf
<br />t L"d v:,
<br />of rcru c-
<br />COI IU A cc ; i at.
<br />prop ..'
<br />...:cal rep: lrs ucL that they hova bucu sati.fue•
<br />C. VA INSPECTIONS: —Furnish a copy of a clear VA ID:a: r port.
<br />T. ASSURfi tE OF COMPLETION:—:: the reul:cd repairs cannot
<br />❑ be eompitood prior to submission of c:oshlg papers, a Form 2300
<br />escrow In the amount of 5 (or such addltloaal
<br />amount as Lie leader desires) may be calab:lshed as the moans to
<br />atsuro completion.
<br />S. EXPIRATION DATE!—Thc Total Value tinted above Is based
<br />❑ on Veterans Administratlun Certificate o: Reasuruaa Value,
<br />case number , dated
<br />R.-rsdlcss of General Commllmcat Condition Number 3, above,
<br />t'aI. commitment explrce on
<br />2•
<br />Sca,pedml coudidona No.
<br />below o: or.
<br />/yy II� attached ahect. % (�
<br />en
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