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Conventional Cash Program Document ChecklistPreliminary Underwriting Package
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| Guide Section | Description | ||
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17.8(a) | Mortgage transaction narrative analysis [Must include characteristics of the proposed Mortgage (including risk factors and Seller’s recommendation); descriptions of the Property, the Borrower and the property manager; Property’s financial analysis; evaluation of balloon risk; surrounding property uses and condition with neighboring facilities; market analysis; history of the Borrower’s equity; loan history if there is an existing Mortgage; proposed sources and uses of funds; tenancy characteristics; and cash equity at risk] [See Section 17.2(h)] | |
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17.8(b) | Certified rent schedule, dated within 30 days of package submission [See Section 17.2(i)] | |
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17.8(c) | Certified historical property financial statements for the preceding three completed fiscal years [See Section 17.2(f)] | |
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17.8(d) | Certified current fiscal year-to-date property financial statements, dated within 30 days of package submission [See Section 17.2(f)] | |
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17.8(e) | Seller’s pro forma property financial statements [See Section 17.2(f)] | |
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17.8(f) | Photographs | |
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17.8(g) | Maps | |
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17.8(h) | Cooperative analysis, if applicable [See Section 17.2(g)] | |
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17.8(i) | Request for approval of shared facilities, including analysis and recommendation, if applicable (See Section 8.9) | |
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17.8(j) | Additional documentation: | |
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| © 2008 Freddie Mac |
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