Conventional Loan Qualification Form

Sales Price

$

Less Loan Amount - 

$
  Equals Required Down Payment:    $

Estimated Closing Costs PLUS estimated prepaid escrow- 

$

TOTAL CLOSING COSTS:

$

Less Cash on Deposit - 

$ 

CASH REQUIRED TO CLOSE:

$
2 ______________ divided by 1 _____________ = ____________ %LTV (loan to value ratio) 

Gross Income (mortgagor) $______________ & (co-mortgagor) _____________ = $ ____________ (A) 

PROPOSED HOUSING EXPENSE:

Principle and Interest

$

Other Financing

$

Hazard Insurance

$

Taxes

$

Mortgage Insurance

$

Homeowner Association Fees

$

Other

$

TOTAL HOUSEHOLD PAYMENT: (B)

$

Total Obligations (Beyond 10 months) (C)

$

TOTAL HOUSING PAYMENT (B) + Monthly Obligations (C)

$

(B) _____________ divided by (A) ______________ = ______ % Housing Ratio

(D) _____________ divided by (A) ______________ = ______ % Total Debt Ratio