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Community Development <br />SOUTH BEND HOME IMPROVEMENT PROGRAM <br />Loan Application <br />Applicant's Name Sharon James 2010 S. Grant Street <br />Name Address <br />South Bend, IN 46613 47 <br />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: 22 _ _ _ _ Total Number of Dependents: 1 <br />PROJECTED LOAN TOTAL <br />1. Rehabilitation Cost <br />A. Amount for Construction Work $5,100.00 <br />B. Unexpected Costs (10% of line IA) <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 48 <br />Monthly Payments of Principal and Interest (Do not round) <br />Age of Structure Remaining Economic Life "As -Is" Value <br />TOTAL LOAN PAYMENTS <br />1. 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 />1E $5,246.00 <br />$2,550.00 <br />2C $2,550.00 <br />3 $2,696.00 <br />$2,700.00 <br />"After Rehab" Value <br />$762.00 <br />$568.00 <br />$804.81 <br />$56.25 <br />$2,790.70 <br />$2,134.81 <br />$655.89 <br />