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1200 CouNTY -CITY Bu11D1NG <br />227 W JEFFF.RSON BOULEVARD <br />SOUTH BEND, INDIANA 46601 -1830 <br />PHONE 574/235 -9371 <br />FAx 574/235 -9021 <br />CITY OF SouTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />Community Development <br />SOUTH BEND HOME IMPROVEMENT PROGRAM <br />Loan Application <br />Applicant's Name Clyde J. Gilvin, Jr. 104 S. Ironwood Drive South Bend, IN 46615 71 <br />Name Address City /State /Zip <br />Age <br />Co- Applicant's Name Donita J. Gilvin 104 S. Ironwood Drive South Bend, IN 46615 71 <br />Name Address City /State /Zip <br />Age <br />PLEASE NOTE: Hereafter Individual and joint applicants will be referred to as the "applicant ". <br />Age of Dependents: _ _ _ _ _ Total Number of Dependents: <br />0 <br />PROJECTED LOAN TOTAL <br />1. Rehabilitation Cost <br />A. Amount for Construction Work $14,600.00 <br />B. Unexpected Costs (10% of line IA) $1,460.00 <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 1A through 1D) 1E <br />$16,206.00 <br />2. Funds to be Furnished From Other Sources <br />A. Grant Funds To Be Furnished (SBHIP grant) <br />$8,030.00 <br />B. Other Funds To Be Furnished ( ) <br />C. TOTAL (line 2A +2B) 2C <br />$8,030.00 <br />3. Line lE Minus Line 2C 3 <br />$8,176.00 <br />4. TOTAL AMOUNT OF APPLIED LOAN (line 3 rounded to the next highest $50) <br />$8,200.00 <br />Interest Rate Per Annum 0% Number of Months 96 <br />Monthly Payments of Principal and Interest (Do not round) <br />$85.42 <br />Age of Structure Remaining Economic Life "As -Is" Value "After Rehab" Value <br />TOTAL LOAN PAYMENTS <br />1. Total Gross Monthly Income <br />$2,897.00 <br />2. Monthly Housing Expense $1,058.43 <br />3. Liabilities $370.00 <br />4. Total Monthly Fixed Charges $264.21 <br />5. TOTAL (lines 2, 3 & 4) <br />$1,692.64 <br />Balance (line 1 minus line 5) <br />$1,204.36 <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FiNANCIAI. & PROGRAM <br />PAMELA C. MEYER DONALD F. INKS MANAGEMENT <br />574/235 -9660 574 /235 -9371 ELIZABETH LEONARD <br />FAX: 574/235 -9469 574/235 -9371 <br />