Laserfiche WebLink
1200 COUNTY -CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601 -1830 <br />PHONE 574/ 235 -9371 <br />FAx 574/235 -9021 <br />TDD 574/ 235 -5567 <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 Garland Smith 207 S. Sheridan Street South Bend_ IN 46619 56 <br />Name Address City /State /Zip <br />Age <br />Co- Applicant's Name Carla A. Smith 207 S. Sheridan Street South Bend, IN <br />46619 50 <br />Name Address City /State /Zip <br />Age <br />PLEASE NOTE: Hereafter Individual and joint applicants will be referred to as the "applicant ". <br />$2,680.21 <br />Age of Dependents: _ _ _ _ _ Total Number of Dependents: <br />0 <br />PROJECTED LOAN TOTAL <br />4. Total Monthly Fixed Charges <br />1. Rehabilitation Cost <br />A. Amount for Construction Work $5,070.00 <br />B. Unexpected Costs (10% of line 1A) $507.00 <br />Balance (line 1 minus line 5) <br />C. Title Report, Recording Fees <br />$1,977.43 <br />Credit Report, Legal Fees, etc. $146.00 <br />D. Amount of Mortgages Being Refinanced <br />COMMUNITY DEVELOPMENT <br />E. TOTAL (sum of lines 1A through 1D) 1E <br />$5,723.00 <br />2. Funds to be Furnished From Other Sources <br />DONALD E. INKS MANAGEMENT <br />A. Grant Funds To Be Furnished (SBHIP grant) <br />$2,788.50 <br />B. Other Funds To Be Furnished ( ) <br />C. TOTAL (line 2A +2B) 2C <br />$2,788.50 <br />3. Line 1E Minus Line 2C 3 <br />$2,934.50 <br />4. TOTAL AMOUNT OF APPLIED LOAN (line 3 rounded to the next highest $50) <br />$2,950.00 <br />Interest Rate Per Annum 0% Number of Months 48 <br />Monthly Payments of Principal and Interest (Do not round) <br />$61.46 <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. Monthly Housing Expense <br />$728.71 <br />$2,680.21 <br />3. Liabilities <br />$174.00 <br />4. Total Monthly Fixed Charges <br />$1,074.72 <br />5. TOTAL (lines 2, 3 & 4) <br />Balance (line 1 minus line 5) <br />$1,977.43 <br />$702.78 <br />COMMUNITY DEVELOPMENT <br />ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEYER <br />DONALD E. INKS MANAGEMENT <br />574/235 -9660 <br />574/235 -9371 ELIZABETH LEONARD <br />Fax: 574/235 -9697 <br />574/235 -9371 <br />