Uniform Underwriting and Transmittal Summary
Uniform Underwriting and Transmittal Summary
I. Borrower and Property Information
Borrower Name________________________________________________________________________
Occupancy Status
Total # of Borrowers____________________
Primary Residence
Property Address_______________________________________________________________________
Second Home
Investment Property
Property Type
Project Classification
1 unit
Freddie Mac
Fannie Mae
2 units
Streamlined Review
E Established PUD Project
3 units
Established Project
F New PUD Project
4 units
New Project
P Limited Review - New Condo Project
Condominium
Detached Project
Q Limited Review - Established Condo Project
PUD Co-op
2- to 4-unit Project
R Full Review - New Condo Project
Manufactured Housing
Exempt from Review S Full Review - Established Condo Project
Single Wide Multiwide Reciprocal Review
T Fannie Mae Review through PERS - Condo Project
U FHA-approved Condo Project
V Condo Project Review Waived
1 Full Review - Co-op Project
2 Fannie Mae Review through PERS - Co-op Project
Sales Price$______________________ Appraised Value $__________________
Property Rights Fee Simple Leasehold
Project Name_______________________________________________
Fannie Mae Condo Project ManagerTM Project ID# (if any) __________________________________________
II. Mortgage Information
Loan Type
Amortization Type
Loan Purpose
Lien Position
Conventional
Fixed-Rate--Monthly Payments
Purchase
First Mortgage
FHA
Fixed-Rate--Biweekly Payments
Cash-Out Refinance
Amount of Subordinate Financing
VA
Balloon
Limited Cash-Out Refinance (Fannie)
$ __________________________
USDA/RD
ARM (type) Other (specify)
No Cash-Out Refinance (Freddie)
(If HELOC, include balance and credit limit)
Home Improvement
Second Mortgage
Construction Conversion/Construction to Permanent
Note Information
Mortgage Originator
Temporary Buydown
Loan Amount $_____________
Seller
Yes
Note Rate ___________________ %
Broker
No
Loan Term (in months) ______________
Correspondent
Terms _________________
Broker/Correspondent Name and Company Name:
III. Underwriting Information Underwriter's Name
Appraiser's Name/License #
Appraisal Company Name
__________________________________________
____________________________________________________ ________________________________________________________________
Stable Monthly Income
Proposed Monthly Payment for the Property
Borrower 1
$_____________
Borrower 2
$_____________
Borrower 3
$_____________
Borrower 4
$_____________
Other Borrowers (5+)
$_____________
Rental Income - subject property
$_____________
Net Rental Income - other properties
$_____________
Total Borrower Income
$_____________
At least one borrower is self-employed
Qualifying Ratios
Loan-to-Value Ratios LTV________________% CLTV/TLTV__________% HCLTV/HTLTV________%
Level of Property Review Exterior/Interior
First Mortgage P&I Subordinate Lien (s) P&I Homeowner's Insurance Supplemental Property Insurance Property Taxes Mortgage Insurance Association/Project Dues (Condo, Co-Op, PUD) Other Total
$____________________ $____________________ $____________________ $____________________ $____________________ $____________________ $____________________ $____________________ $____________________
Primary Housing Expense/Income
Total Obligations/Income(DTI)
Qualifying Rate Rate Used for Qualifying Initial Bought-Down Rate Other Risk Assessment Manual Underwriting AUS
DU LPA Other AUS Recommendation DU Case ID/LP AUS Key# LPA Doc Class (Freddie) Representative Credit/Indicator Score Underwriter Comments
__________% __________%
Exterior Only No Appraisal Form Number__________
__________% __________%
__________%
Escrow (T&I) Yes No
Affordable Housing Initiative Yes No
All Other Monthly Payments Used in Qualifying $____________________
Borrower Funds to Close Required
Verified Assets
$____________________ $____________________
No. of Months Reserves__________________
Interested Party Contributions______________%
Homeownership Education Certificate in File Yes No
IV. Seller and Contact Information
Seller Name_____________________________________ Seller Address___________________________________ _______________________________________________ Seller No_______________________________________ Seller Loan No___________________________________
Contact Name________________________________ Contact Title_________________________________
Investor Loan No______________________________
Contact Phone Number________________ ___________________________________
Freddie Mac Form 1077 12/18
Page 1 of 1
Fannie Mae Form 1008 12/18
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