<table>
<colgroup>
<col style="width: 7%" />
<col style="width: 15%" />
<col style="width: 18%" />
<col style="width: 15%" />
<col style="width: 0%" />
<col style="width: 14%" />
<col style="width: 0%" />
<col style="width: 0%" />
<col style="width: 15%" />
<col style="width: 13%" />
<col style="width: 0%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="10"><p><strong>RD MN 1980-1 Page 1 (11/14/02)</strong></p>
<p><strong>United States Department of Agriculture</strong></p>
<p><strong>Rural Development</strong></p>
<p><strong>Guaranteed Single Family Housing Loan</strong></p>
<p><strong>Applicant and Lender Processing Checklist</strong></p>
<h2
id="name-of-applicant-________________________________-loan-amount-_____________________________">Name
of Applicant: ________________________________ Loan Amount:
$_____________________________</h2>
<h2
id="property-address-______________________________________________________________________________">
Property Address:
______________________________________________________________________________
</h2>
<p><strong>For REFINANCING EXISTING GUARANTEED HOUSING
LOANS</strong></p></td>
<td></td>
</tr>
<tr class="even">
<td><p><strong>ITEM</strong></p>
<p><strong>NO.</strong></p></td>
<td><strong>DOCUMENT OF ACTION</strong></td>
<td><p><strong>PROCEDURE</strong></p>
<p><strong>REFERENCE</strong></p></td>
<td><strong>FORM NO.</strong></td>
<td colspan="4"><strong>PREP. BY</strong></td>
<td><h2 id="copies">COPIES</h2></td>
<td colspan="2"><strong>COMPLETED</strong></td>
</tr>
<tr class="odd">
<td>1.</td>
<td>Lender’s Cover Letter</td>
<td>Include closing date</td>
<td>1980-2</td>
<td colspan="4">Lender</td>
<td>1</td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>2.</td>
<td>Request for SFH Loan Note Guarantee</td>
<td>.353(c)</td>
<td><p>1980-21</p>
<p>(rev. 1/03)</p></td>
<td colspan="4">Signed by lender and applicants</td>
<td>1</td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>3.</td>
<td>Applicant Debarment</td>
<td>.353(c)(13)</td>
<td colspan="2">AD-1048</td>
<td>Signed by applicant(s)</td>
<td colspan="3">1</td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>4.</td>
<td>Underwriting Transmittal</td>
<td>.353(c)(12)</td>
<td>Fannie Mae 1008</td>
<td colspan="3">Lender</td>
<td colspan="2">1</td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>5.</td>
<td>Signed copy of Final 1003 w/Privacy Act Statement</td>
<td>353(c)</td>
<td>Fannie Mae 1003</td>
<td colspan="4">Lender and Applicants must sign</td>
<td>1</td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>6.</td>
<td>Current Credit Report</td>
<td>.353(c)(9) &amp; (f)(4)</td>
<td></td>
<td colspan="4">Lender</td>
<td>1</td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>7.</td>
<td>Verification of Employment</td>
<td>.353(e)(1)</td>
<td><p>HUD/FHA or</p>
<p>1910-5</p></td>
<td colspan="4">Lender</td>
<td>1 for each applicant</td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>8.</td>
<td><p>Appraisal Report</p>
<p>(do not need HUD VC sheets or thermal report)</p></td>
<td>.334 &amp; .335(c)(8)</td>
<td>URAR</td>
<td colspan="4">Appraiser</td>
<td>1</td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td colspan="3"></td>
<td colspan="2"></td>
</tr>
</tbody>
</table>

#### L E N D E R A C C E P T A N C E

  -------- --------------- ------------- ------------ --------- ------------ ---------- ---------------
  **ITEM   **DOCUMENT OF   **PROCEDURE   **FORM NO.** **PREP.                **NO.      **COMPLETED**
  NO.**    ACTION**        REFERENCE**                BY**                   COPIES**   

  1\.      Lender          .360          1980-18      Lender                 1          
           Certification                 Reverse Side                                   

  2\.      Promissory Note .333          FnMA 3200\*  Lender                 1          

  3\.      Real Estate     .333          FnMA 3024\*  Lender                 1          
           Mortgage                                                                     

  4\.      Plat Drawing    .353 (e)      \-           Lender                 1          

  5\.      Guaranteed Loan .361 (a)      1980-19                Signed by    Original   
           Closing Report                                       lender                  

  6\.      Settlement      \-            HUD-1                  Lender       1          
           Statement                                                                    

  7\.      ½% Guar. Fee    .323          Lenders                Lender       1          
                                         Check                                          

  8\.      Lender Record   .309(e)       1980-11                Lender       1          
           Change                                                                       

  9\.      All Items       \-            1980-18                Lender       \-         
           Conditioned for                                                              
  -------- --------------- ------------- ------------ --------- ------------ ---------- ---------------