1. VHDA Homeownership Educational Guide Role of the Lender

3. Background on the VHDA Loan

20. □ Completed Application via online: www.gmmllc.com/spichardo or by phone. □ Driver’s License, DMV ID Card (with Photo), Military or Government Issued ID (with Photo and Signature), Permanent Resident Alien (Green Card) front and back of card, Government Passports (must bear a Photo and Signature), Visa □ Most current consecutive pay stubs, covering a 30-day period □ W-2’s for 2008, 2007, 2006 & 2009 when available □ Signed complete federal tax returns for 2008, 2007, 2006 and 2009 when available □ Most current consecutive statements for; checking, savings, mutual funds, stocks, bonds, 401K, and IRA covering a 60-day period Please provide ALL PAGES for each statement . □ Check payable to “GMMC” in the amount of $120.00 for the VHDA reservation fee □ Check payable to “GMMC” or Credit card payment in the amount of $350.00 for Appraisal □ Name, address and phone number of landlord/mortgage company for past 2 years □ Name, and phone number for HR department or supervisor for past 2 years □ Gift funds letter and documentation of funds from donor and recipient □ Divorce decree, separation agreement, and property settlement agreement, if applicable □ Statements for creditors to be paid off □ Ratified sales contract, if available □ Homeownership Educational Certificate vhda.learn.com (on-line course) □ Copy of Earnest Money Deposit Check (front and back) □ Name, phone # of subject condo property management company □ Name, phone # and fax # of home owners insurance agent □ Explanation email or letter for inquiries on credit report ITEMS REQUIRED FOR ALL BORROWERS:

21. Take these components to your Lender Target Down Payment Target Monthly Payment Income Documents

39. Good Faith Estimate Page 2 of GFE

45. Example: Buyer paid MI

53. Questions?

54. The Loan Closing

75. Questions?