# Appendix 5 {#appendix-5 .unnumbered}

CREDIT QUALIFYING NO CASH OUT WITH AN APPRAISAL

REFINANCE MORTGAGE CREDIT ANALYSIS WORKSHEET #1

Use the Mortgage Credit Analysis Worksheet, HUD-53036

Fully Credit Qualifying with Appraisal

**The Lesser of:**

  --------------- -------------------------------------------------------
  **1-A.**        
  **APPRAISED     
  VALUE ONLY (No  
  Closing Costs   
  Added)**        

  \$              Appraised Value (MCAW #13)

  X 97.75%        (Use 98.75% if Value is equal to or less than \$50,000)

  **=**           Maximum Mortgage BEFORE LG Fee
  --------------- -------------------------------------------------------

**OR**

  -------------- --------------------------------------------------------
  **1-B.         
  EXISTING DEBT  
  PLUS ALLOWABLE 
  ADDITIONAL     
  ITEMS**        

  \$             Principal Balance on existing first lien + prepayment
                 penalties + up to 30 days interest accrued for the
                 current month on the old loan

  \+             Allowable borrower-paid closing costs (MCAW 7c)

  \+             Property liens that are seasoned at least 1 year.

  \+             Repairs required by the appraiser (must be completed
                 prior to closing)

  \+             Prepaid Expenses (Per diem interest to end of month on
                 new loan + hazard insurance deposits + real estate tax
                 deposits, if applicable)

  \+             Reasonable Discount Points

  =              Maximum Mortgage Amount BEFORE LG Fee
  -------------- --------------------------------------------------------

**OR**

  --------------- -------------------------------------------------------
  **1-C.**        
  **ACQUIRED LESS 
  THAN ONE YEAR   
  (not 184        
  guaranteed)**   

  \$              Original Sales Price

  \+              Repairs (if applicable) paid after purchase and
                  documented in file and subordinate lien \<1 year used
                  for repairs/rehab after purchase and documented in file

  X 97.75%        (Use 98.75% if Value is equal to or less than \$50,000)

  **=**           Maximum Mortgage BEFORE LG Fee
  --------------- -------------------------------------------------------

MAXIMUM MORTGAGE BEFORE LG FEE IS LOWEST OF 1-A, 1-B, 1-C

### Lowest of 1-A, 1-B or 1-C or 150% of FHA loan limit is placed on MCAW, Line 14g

### Payoff of Existing Liens is placed on MCAW, Line 14a

-   Term of the new loan can be up to 30 years.

-   Owner-occupants and Tribal/TDHE/IHA loans.

-   Payment can increase without restrictions.

-   Social Security numbers must be verified for all borrowers (see
    paragraph 5.23c(12).

-   VOM or other documentation is required which includes principal
    balance, date loan originated, names of original borrowers, type of
    loan, and all credit verifications (VOE, VOD, etc.).

-   **Acceptable** subordinate financing may remain in place without
    regard to the total indebtedness; that is, the combined amounts of
    the first and subordinate mortgages may exceed the maximum mortgage
    amount for the area (see paragraph 11-4(a)(4).

-   A pay-off statement from the previous lender showing the unpaid
    principal balance for the month of the closing for the previous loan
    should be included in the credit binder.

-   No minimum time is required on the existing mortgage.

CREDIT QUALIFYING, CASH BACK WITH AN APPRAISAL

**REFINANCE MORTGAGE CREDIT ANALYSIS WORKSHEET #2**

Use the Mortgage Credit Analysis Worksheet, HUD-53036

Full Credit Qualifying with an Appraisal

+---------------+------------------------------------------------------+
| **2-A. Owned  |                                                      |
| [At           |                                                      |
| Least         |                                                      |
| ]{.underline} |                                                      |
| One Year**    |                                                      |
+---------------+------------------------------------------------------+
| \$            | Appraised Value (MCAW #13)                           |
+---------------+------------------------------------------------------+
| \+            | Allowable borrower-paid closing costs (MCAW 7c)      |
|               |                                                      |
|               | (Not to include discounts and prepaids)              |
+---------------+------------------------------------------------------+
| =             |                                                      |
+---------------+------------------------------------------------------+
| X 85%         |                                                      |
+---------------+------------------------------------------------------+
| =             | Maximum Mortgage Amount BEFORE LG Fee                |
+---------------+------------------------------------------------------+

**If acquired [less than]{.underline} one year ago, then use the LOWER
of 2-A above or 2-B below.**

+---------------+------------------------------------------------------+
| **2-B. Only   |                                                      |
| if Acquired   |                                                      |
| [Less         |                                                      |
| Than          |                                                      |
| ]{.underline} |                                                      |
| One Year      |                                                      |
| Ago**         |                                                      |
+---------------+------------------------------------------------------+
| \$            | Original Sales Price                                 |
+---------------+------------------------------------------------------+
| \+            | Allowable borrower-paid closing costs (MCAW 7c)      |
|               |                                                      |
|               | (Not to include discounts and prepaids)              |
+---------------+------------------------------------------------------+
| =             |                                                      |
+---------------+------------------------------------------------------+
| X 85%         |                                                      |
+---------------+------------------------------------------------------+
| =             | **Maximum Mortgage Amount BEFORE LG Fee**            |
+---------------+------------------------------------------------------+

###  {#section .unnumbered}

MAXIMUM MORTGAGE BEFORE LG FEE IS LOWEST OF 2-A or 2-B

### Lowest of 2-A or 2-B or 150% of FHA loan limit is placed on MCAW, Line 14g

### Payoff of Existing Liens is placed on MCAW, Line 14a

-   Term of new loan can be up to 30 years

-   Owner-occupants only. No Tribal/IHA/TDHE loans.

-   Payment can increase without restrictions

-   VOM or other documentation is required which includes principal
    balance, date loan originated, names of original borrowers, type of
    loan, and all required credit verifications (VOE, VOD, etc.)

-   There is no holding period, but if purchased within the past year,
    14g is based on the calculation of the lesser of original sales
    price plus closing costs or appraised value plus closing costs.

-   All subordinate liens must be paid in the cash-back refinance or
    otherwise satisfied and released.

-   A pay-off statement from the previous lender showing the unpaid
    principal balance for the month of the closing for the previous loan
    should be included in the credit binder.

-   Temporary interest rate buydowns may not be used for a cash back
    refinance.

-   Not eligible for DG processing

-   Credit package must contain statement from borrower as to purpose of
    cash back

-   Last 12 mortgage payments (all if less than one year) including
    subordinate liens must have been made on time.

NON CREDIT QUALIFYING STREAMLINE REFINANCE

WITH AN APPRAISAL

REFINANCE MORTGAGE CREDIT ANALYSIS WORKSHEET #3

Use the Mortgage Credit Analysis Worksheet, HUD-53036

Appraisal Required

**The Lesser of:**

  --------------- -------------------------------------------------------
  **3-A.**        
  **APPRAISED     
  VALUE ONLY (No  
  Closing Costs   
  Added)**        

  \$              Appraised Value (MCAW #13)

  X 97.75%        (Use 98.75% if Value is equal to or less than \$50,000)

  **=**           Maximum Mortgage BEFORE LG Fee
  --------------- -------------------------------------------------------

OR

+-------------+--------------------------------------------------------+
| **3-B.      |                                                        |
| EXISTING    |                                                        |
| DEBT PLUS   |                                                        |
| ALLOWABLE   |                                                        |
| ADDITIONAL  |                                                        |
| ITEMS**     |                                                        |
| (           |                                                        |
| Subordinate |                                                        |
| liens       |                                                        |
|             |                                                        |
| and repairs |                                                        |
| are not     |                                                        |
| eligible    |                                                        |
| for         |                                                        |
| inclusion   |                                                        |
| in the      |                                                        |
| maximum     |                                                        |
| mortgage)   |                                                        |
+-------------+--------------------------------------------------------+
| \$          | Principal Balance on existing first lien + up to 30    |
|             | days interested accrued for the current month on the   |
|             | old loan                                               |
+-------------+--------------------------------------------------------+
| \+          | Allowable borrower-paid closing costs (MCAW 7c)        |
+-------------+--------------------------------------------------------+
| \+          | Prepaid Expenses (Per diem interest to end of month on |
|             | new loan + hazard insurance deposits + real estate tax |
|             | deposits, if applicable)                               |
+-------------+--------------------------------------------------------+
| \+          | Reasonable Discount Points                             |
+-------------+--------------------------------------------------------+
| =           | Maximum Mortgage Amount BEFORE LG Fee                  |
+-------------+--------------------------------------------------------+

MAXIMUM MORTGAGE BEFORE LG FEE IS LOWEST OF 3-A or 3-B

### Lowest of 3-A or 3-B or 150% of FHA loan limit is placed on MCAW, Line 14g

### Payoff of Existing Mortgage is placed on MCAW, Line 14a

**Section 184 to Section 184** (file must contain proof existing
mortgage is 184 guaranteed)

-   Term of the new loan can be up to 30 years.

-   Owner-occupants and Tribal/IHA/TDHE loans.

-   An existing 30-year mortgage may be refinanced to a shorter term
    provided that the new monthly payment to principal and interest
    increased no more than \$50.

-   Social Security numbers must be verified for all borrowers (see
    paragraph 5-23c(12).

-   VOM or other documentation is required which includes principal
    balance, date loan originated, names of original borrowers and type
    of loan.

-   Subordinate financing may remain in place without regard to the
    total indebtedness; that is, the combined amounts of the first and
    subordinate mortgages may exceed the maximum mortgage amount for the
    area if they will be clearly subordinated to the new 184 guaranteed
    mortgage.

-   A pay-off statement from the previous lender showing the unpaid
    principal balance for the month of the closing for the previous loan
    should be included in the credit binder.

-   A delinquent mortgage is generally not eligible for streamline
    refinancing until the loan is brought current. However, if the
    mortgage is delinquent by no more than two monthly payments, the
    refinancing lender may pay the borrower's mortgage to bring the
    payments current provided no obligation is placed on the borrower to
    repay the funds used to bring the mortgage current.

> **NOTE:**

-   A holding period of six months applies when a borrower is deleted
    due to devise or descent of law (e.g., divorce, death, etc.) and a
    quit claim of interest has been executed. Full credit qualifying is
    required if held less than six months and/or if due-on-sale clause
    is triggered.

NON CREDIT QUALIFYING STREAMLINE REFINANCE

WITHOUT AN APPRAISAL

REFINANCE MORTGAGE CREDIT ANALYSIS WORKSHEET #4

Use the Mortgage Credit Analysis Worksheet, HUD-53036

**The Lesser of:**

  --------------- -------------------------------------------------------
  **4-A.** \$     **Original Principal Balance** (from the HUD-1 or the
                  Note for the original loan

  --------------- -------------------------------------------------------

**OR**

+------------+---------------------------------------------------------+
| **4-B.     |                                                         |
| EXISTING   |                                                         |
| DEBT PLUS  |                                                         |
| ALLOWABLE  |                                                         |
| ADDITIONAL |                                                         |
| ITEMS**    |                                                         |
|            |                                                         |
| (S         |                                                         |
| ubordinate |                                                         |
| liens and  |                                                         |
| repairs    |                                                         |
| are not    |                                                         |
| eligible   |                                                         |
| for        |                                                         |
| inclusion  |                                                         |
| in the     |                                                         |
| maximum    |                                                         |
|            |                                                         |
| mortgage)  |                                                         |
+------------+---------------------------------------------------------+
| \$         | Principal Balance on existing first lien + up to 30     |
|            | days interested accrued for the current month on the    |
|            | old loan                                                |
+------------+---------------------------------------------------------+
| \+         | Allowable borrower-paid closing costs (MCAW 7c)         |
+------------+---------------------------------------------------------+
| \+         | Prepaid Expenses (Per diem interest to end of month on  |
|            | new loan + hazard insurance deposits + real estate tax  |
|            | deposits, if applicable)                                |
+------------+---------------------------------------------------------+
| \+         | Reasonable Discount Points                              |
+------------+---------------------------------------------------------+
| =          | Maximum Mortgage Amount BEFORE LG Fee                   |
+------------+---------------------------------------------------------+

### **Maximum Mortgage before Loan Guarantee Fee is Lesser of 4-A or 4-B** {#maximum-mortgage-before-loan-guarantee-fee-is-lesser-of-4-a-or-4-b .unnumbered}

### Lowest of 4-A or 4-B or 150% of FHA loan limit is placed on MCAW, Line 14g

### Payoff of Existing Mortgage is placed on MCAW, Line 14a

**Section 184 to Section 184** (file must contain proof existing
mortgages is 184 guaranteed)

-   Term of the new loan can be up to 30 years.

-   Owner-occupant and Tribal/IHA/TDHE loans.

-   An existing 30-year mortgage may be refinanced to a shorter term
    provided that the new month payment to principal and interest
    increases no more than \$50.

-   Social Security numbers must be verified for all borrowers (see
    paragraph 5.23c(12).

-   VOM or other documentation is required which includes principal
    balance, date loan originated, names of original borrowers and type
    of loan.

-   Subordinate financing may remain in place without regard to the
    total indebtedness; that is, the combined amounts of the first and
    subordinate mortgages may exceed the maximum mortgage amount for the
    area if they will be clearly subordinated to the new 184 guaranteed
    mortgage.

-   A pay-off statement from the previous lender showing the unpaid
    principal balance for the month of the closing for the previous loan
    should be included in the credit binder.

-   If an appraisal is ordered but the borrower decides to proceed with
    a streamline without an appraisal, the appraisal may be voided.

> **NOTE:**

-   A holding period of six months applies when a borrower is deleted
    due to devise or descent of law (e.g., divorce, death, etc) and a
    quit claim of interest has been executed. Full credit qualifying is
    required if held less than six months and/or if due-on-sale clause
    is triggered

##### SECTION 184 INDIAN LOAN GUARANTEE PROGRAM {#section-184-indian-loan-guarantee-program .unnumbered}

##### REFINANCE SUBMISSION CHECKLIST -- streamline refinances {#refinance-submission-checklist-streamline-refinances .unnumbered}

+-----------------------------------------------------------+----------+
| **ITEM**                                                  | **IN     |
|                                                           | CLUDED** |
+-----------------------------------------------------------+----------+
| Maximum Mortgage Worksheet (Appendix 5 -- Worksheet #3 or |          |
| #4 as appropriate)                                        |          |
+-----------------------------------------------------------+----------+
| Mortgage Credit Analysis Worksheet (Form HUD 53036)       |          |
+-----------------------------------------------------------+----------+
| Good Faith Estimate                                       |          |
+-----------------------------------------------------------+----------+
| Uniform Residential Loan Application/Addendum A (initial  |          |
| signed)                                                   |          |
+-----------------------------------------------------------+----------+
| Uniform Residential Loan Application/Addendum A           |          |
| (final/unsigned)                                          |          |
+-----------------------------------------------------------+----------+
| Social Security Evidence/Native American ID               |          |
+-----------------------------------------------------------+----------+
| VOM/Payoff Statement                                      |          |
|                                                           |          |
| original borrower snad type of loan                       |          |
+-----------------------------------------------------------+----------+
| Proof Loan is Existing Section 184 Guaranteed Loan and    |          |
| Case Number                                               |          |
+-----------------------------------------------------------+----------+
| Flood Certificate                                         |          |
+-----------------------------------------------------------+----------+
| Documentation on any **Acceptable** Subordinate Lien      |          |
| Remaining                                                 |          |
+-----------------------------------------------------------+----------+
|                                                           |          |
+-----------------------------------------------------------+----------+
| FEE SIMPLE LAND                                           |          |
+-----------------------------------------------------------+----------+
| Preliminary Title Report                                  |          |
+-----------------------------------------------------------+----------+
| TRIBAL TRUST LAND                                         |          |
+-----------------------------------------------------------+----------+
| Current Title Status Report (with recorded lease)         |          |
+-----------------------------------------------------------+----------+
| Leasehold Instrument (with all signatures as required)    |          |
| and Lessor Approval to Refinance                          |          |
+-----------------------------------------------------------+----------+
| **INDIVIDUAL ALLOTTED TRUST LAND (No Lease)**             |          |
+-----------------------------------------------------------+----------+
| Current Title Status Report (including consent to         |          |
| mortgage from all owners if fractionated)                 |          |
+-----------------------------------------------------------+----------+
| **INDIVIDUAL ALLOTTED TRUST LAND (With Lease)**           |          |
+-----------------------------------------------------------+----------+
| Current Title Status Report (with recorded lease)         |          |
+-----------------------------------------------------------+----------+
| Leasehold Instrument (with all signatures as required)    |          |
+-----------------------------------------------------------+----------+
|                                                           |          |
+-----------------------------------------------------------+----------+
| **CREDIT QUALIFYING ONLY:**                               |          |
+-----------------------------------------------------------+----------+
| Credit Report                                             |          |
+-----------------------------------------------------------+----------+
| W-2's                                                     |          |
+-----------------------------------------------------------+----------+
| Paystubs                                                  |          |
+-----------------------------------------------------------+----------+
| Verification of Employment                                |          |
+-----------------------------------------------------------+----------+
| Payment History on Existing Mortgage and any Subordinate  |          |
| Liens                                                     |          |
+-----------------------------------------------------------+----------+
| CAIVRS                                                    |          |
+-----------------------------------------------------------+----------+
|                                                           |          |
+-----------------------------------------------------------+----------+
| **STREAMLINE WITH APPRAISAL ONLY**                        |          |
+-----------------------------------------------------------+----------+
| Appraisal and any Conditions                              |          |
+-----------------------------------------------------------+----------+
|                                                           |          |
+-----------------------------------------------------------+----------+
|                                                           |          |
+-----------------------------------------------------------+----------+
|                                                           |          |
+-----------------------------------------------------------+----------+

##### SECTION 184 INDIAN LOAN GUARANTEE PROGRAM {#section-184-indian-loan-guarantee-program-1 .unnumbered}

##### REFINANCE SUBMISSION CHECKLIST - INDIVIDUAL BORROWERS {#refinance-submission-checklist---individual-borrowers .unnumbered}

#####  credit qualifying CASH BACK WITH APPRAISAL {#credit-qualifying-cash-back-with-appraisal .unnumbered}

  ----------------------------------------------------------- --------------
  **ITEM**                                                    **INCLUDED**

  Maximum Mortgage Worksheet for Refinances (Appendix 5 --    
  Worksheet #2)                                               

  Mortgage Credit Analysis Worksheet (Form HUD 53036)         

  Good Faith Estimate                                         

  Uniform Residential Loan Application/Addendum A (initial    
  signed)                                                     

  Uniform Residential Loan Application/Addendum A             
  (final/unsigned)                                            

  Land Status and Jurisdiction Form                           

  VOM/Payoff Statement on Existing Mortgage and Subordinate   
  Liens                                                       

  Documentation on Original Sales Price (Previous HUD-1)      

  Statement from Borrower as to Purpose of Cash Back          
  Refinance                                                   

  Appraisal Report (URAR Form 92800)                          

  Condition Sheet or explanation when appraisal subject to    
  repairs/completion                                          

  Borrower Native American ID and Social Security Evidence    

  Credit Report                                               

  W-2s (2 years)                                              

  Paystubs                                                    

  Verifications of Employment                                 

  Federal Income Tax Returns with all schedules (as           
  applicable)                                                 

  Bank Statement(s)                                           

  Verification of Deposit                                     

  12 Month Verification of Prior Payment History (mortgage &  
  subordinate liens) all payments made on time                

  CAIVRS                                                      

  Flood Certificate                                           

  Environmental Review                                        

  Gift Letter or other documentation on source of funds if    
  other than on deposit                                       

  Letters of Explanation on Derogatory Credit                 

  FEE SIMPLE LAND                                             

  Preliminary Title Report                                    

  TRIBAL TRUST LAND                                           

  Current Title Status Report (with recorded lease) and       
  Lessor Approval to Refinance                                

  Leasehold Instrument (with all signatures as required)      

  **INDIVIDUAL ALLOTTED TRUST LAND (No Lease)**               

  Current Title Status Report (including consent to mortgage  
  from all owners if fractionated)                            

  **INDIVIDUAL ALLOTTED TRUST LAND (With Lease)**             

  Current Title Status Report (with recorded lease)           

  Leasehold Instrument (with all signatures as required)      
  ----------------------------------------------------------- --------------

##### SECTION 184 INDIAN LOAN GUARANTEE PROGRAM {#section-184-indian-loan-guarantee-program-2 .unnumbered}

##### REFINANCE SUBMISSION CHECKLIST {#refinance-submission-checklist .unnumbered}

##### credit qualifying NO CASH OUT WITH APPRAISAL {#credit-qualifying-no-cash-out-with-appraisal .unnumbered}

  -------------------------------------------------------------- --------------
  **ITEM**                                                       **INCLUDED**

  Maximum Mortgage Worksheet for Refinances (Appendix 5 --       
  Worksheet #1)                                                  

  Mortgage Credit Analysis Worksheet (Form HUD 53036)            

  Good Faith Estimate                                            

  Uniform Residential Loan Application/Addendum A (initial       
  signed)                                                        

  Uniform Residential Loan Application/Addendum A                
  (final/unsigned)                                               

  Land Status and Jurisdiction Form                              

  VOM/Payoff Statement on Existing Mortgage and Subordinate      
  Liens Seasoned One Year                                        

  VOM/Payoff Statement on Subordinate Lien Less than 1           
  year-Include Canceled Checks/Pd Invoices for Repairs           

  Documentation on Original Sales Price (Previous HUD-1)         

  Appraisal Report (URAR Form 92800)                             

  Condition Sheet or explanation when appraisal subject to       
  repairs/completion                                             

  Borrower Native American ID and Social Security Evidence       

  Credit Report                                                  

  W-2s (2 years)                                                 

  Paystubs                                                       

  Verifications of Employment                                    

  Federal Income Tax Returns with all schedules (as applicable)  

  Bank Statement(s)                                              

  Verification of Deposit                                        

  12 Month Verification of Prior Payment History (rental or      
  mortgage)                                                      

  CAIVRS                                                         

  Flood Certificate                                              

  Environmental Review                                           

  Gift Letter or other documentation on source of funds if other 
  than on deposit                                                

  Letters of Explanation on Derogatory Credit                    

  CONSTRUCTION DOCUMENTS (Single Close REHAB ONLY)               

  Detailed Plans and Specifications including Description of     
  Materials                                                      

  Signed Contractor Cost Estimate(s) including name, address and 
  phone no. of builder                                           

  Breakdown of Costs                                             

  Builders Certification, HUD 92541                              

  FEE SIMPLE LAND                                                

  Preliminary Title Report                                       

  TRIBAL TRUST LAND                                              

  Current Title Status Report (with recorded lease)              

  Leasehold Instrument (with all signatures as required) and     
  Lessor Approval to Refinance                                   

  **INDIVIDUAL ALLOTTED TRUST LAND (No Lease)**                  

  Current Title Status Report (including consent to mortgage     
  from all owners if fractionated)                               

  **INDIVIDUAL ALLOTTED TRUST LAND (With Lease)**                

  Current Title Status Report (with recorded lease)              

  Leasehold Instrument (with all signatures as required)         
  -------------------------------------------------------------- --------------

SECTION 184 INDIAN LOAN GUARANTEE PROGRAM

REFINANCE ENDORSEMENT SUBMISSION CHECKLIST

  --------------------------------------------------------------- --------------
  **ITEM**                                                        **INCLUDED**

  Request for Endorsement (Form HUD 54111)                        

  Late Request for Endorsement - more than 60 days after closing  
  (include a current pay history and reason)                      

  Payment of Guarantee Fee to Atlanta Lockbox (via check) Late    
  Charges/Interest as necessary with HUD-53038                    

  Firm Commitment signed by HUD                                   

  Final Mortgage Credit Analysis Worksheet                        

  Refinance Maximum Mortgage Worksheet (Appendix 5 -- Worksheets  
  #1 thru 4, as applicable)                                       

  Final Signed Good Faith Estimate                                

  Final Signed Uniform Residential Loan Application and all       
  executed pages of Addendum A                                    

  Certified True Copy of Note                                     

  Certified True Copy of Mortgage Instrument                      

  Certified True Copy of Section 184 Rider                        

  HUD-1 Settlement Statement (form HUD-1) with signatures of      
  buyer, seller (if applicable) and closing agent                 

  Addendum Certifications to HUD-1 with signatures of buyer,      
  seller (if applicable) and closing agent                        

  Flood Certificate                                               

  **SINGLE CLOSE REHAB ONLY**:                                    

  Maximum Mortgage Worksheet for Single Close                     

  Certified True Copy of Section 184 Applicant Acknowledgment     

  Certified True Copy of Construction Loan Agreement              

  Certified True Copy of Construction Loan Rider                  

  Evidence of Establishment of Construction/Rehab Escrow Account  
  (copy of deposit slip or bank statement)                        

  **FEE SIMPLE LAND:**                                            

  Title Policy (Title Commitment will be accepted for guarantee   
  but copy of title policy must follow)                           

  **TRIBAL TRUST LAND:**                                          

  Final signed TSR (after closing) with recorded and BIA approved 
  Mortgage Instrument/Riders and Lease                            

  If New Lease, any existing lease must be canceled and removed   
  from TSR                                                        

  Old Mortgage must be released on TSR and removed                

  Certified True Copy of Lease                                    

  BIA Certificate of Leasehold Mortgage Approval                  

  **INDIVIDUAL ALLOTTED TRUST LAND (No Lease):**                  

  Old Mortgage must be released on TSR and removed                

  Final signed TSR (after closing) with recorded and BIA approved 
  Mortgage Instrument/Riders                                      

  BIA Certificate of Mortgage Approval (generally an attachment   
  to the Mortgage)                                                

  If fractionated land ownership (multiple owners other than our  
  borrower), all individuals must approve Mortgage Instrument     
  either on a Consent form or signature on the Mortgage           
  Instrument (however BIA requires)                               

  **INDIVIDUAL ALLOTTED TRUST LAND (With Lease):**                

  Final signed TSR (after closing) with recorded and BIA approved 
  Mortgage Instrument/Riders and Lease                            

  If New Lease, any existing lease must be canceled and removed   
  from TSR                                                        

  Old Mortgage must be released on TSR and removed                

  Certified True Copy of Lease                                    

  BIA Certificate of Leasehold Mortgage Approval                  

  **PROOF OF ANY HUD FIRM COMMITMENT CONDITIONS NOT LISTED ABOVE: 
  (please list)**                                                 
  --------------------------------------------------------------- --------------