Laserfiche WebLink
Community Development <br />SOUTH BEND HOME IMPROVEMENT PROGRAM <br />Loan Application <br />Applicant's Name Gloria E. Share 909 Sancome Avenue South Bend, IN 46628 50 <br />Name Address City/State/Zip Age <br />Co-Applicant's Name South Bend. IN _ <br />Name Address City/State/Zip Age <br />PLEASE NOTE: Hereafter Individual and joint applicants will be referred to as the "applicant". <br />Age of Dependents: _ _ _ Total Number of Dependents: 0 <br />PROTECTED LOAN TOTAL <br />1. Rehabilitation Cost <br />A. Amount for Construction Work _$10,055.33 <br />B. Unexpected Costs (10% of line lA) __$1,005.00 <br />C. Title Report, Recording Fees <br />Credit Report, Legal Fees, etc. $146.00 <br />D. Amount of Mortgages Being Refinanced <br />E. TOTAL (sum of lines lA through 1D) <br />2. Funds to be Furnished From Other Sources <br />A. Grant Funds To Be Furnished (SBHIP grant) <br />B. Other Funds To Be Furnished ( ) <br />C. TOTAL (line 2A+2B) <br />3. Line lE Minus Line 2C <br />4. TOTAL AMOUNT OF APPLIED LOAN (line 3 rounded to the next highest $50) <br />Interest Rate Per Annum 0% Number of Months 72 <br />Monthly Payments of Principal and Interest (Do not round) <br />Age of Structure Remaining Economic Life "As-Is" Value <br />1E $11,206.33 <br />$5,530.17 <br />2C $5,530.17 <br />3 $5,676.16 <br />$ ~, 700.00 <br />$79.17 <br />"After Rehab" Value <br />i. Total Gross Monthly Income <br />2. Monthly Housing Expense <br />3. Liabilities <br />4. Total Monthly Fixed Charges <br />5. TOTAL (lines 2, 3 & 4) <br />Balance (line 1 minus line 5) <br />TOTAL LOAN PAYMENTS <br />$471.86 <br />$53.00 <br />$468.00 <br />$2,494.60 <br />$992.86 <br />$1,501.74 <br />