Fillable Printable Vba 26 8513 Are
Fillable Printable Vba 26 8513 Are
Vba 26 8513 Are
CREDITOR DISCLOSURES
1. PROPERTY IDENTIFIER
NOTE: VA is processing an application for credit related to this property. The following
information is being furnished in compliance with federal law. This form does not constitute
approval or acceptance of the proposed transaction. If a particular settlement agent has been
designated by VA, the agent is identified on an attachment to this form.
2. PROPERTY ADDRESS
3. APPLICANT NAME AND MAILING ADDRESS
4. CREDITOR NAME AND MAILING ADDRESS
Department of Veterans Affairs
5. DATE APPLICATION PROCESSED
6. DATE DISCLOSURE MAILED
7. REAL ESTATE SETTLEMENT PROCEDURES ACT - GOOD FAITH ESTIMATE OF SETTLEMENT COSTS
(Numbering corresponds with line numbers on HUD Form 1 - Settlement Statement)
801
804
901
FUNDING FEE PERCENTAGE
REQUESTED LOAN (Excluding Rehab. Amount)
LOAN ORIGINATION FEE (Funding Fee)
CREDIT REPORT
INTEREST - 30 DAYS @ $ /DAY
OTHER (Specify)OTHER (Specify)
RECORDING FEES
TITLE EXAMINATION
ABSTRACT OR TITLE SEARCH
OTHER (Specify)
TAX AND INSURANCE RESERVE DEPOSIT
%
$
$
$
$
$
1201
1103
1102
$
$
$
$
$
%
NOTE: The Settlement Costs pamphlet is enclosed with this estimate, if the proposed transaction is a new loan which will be secured by a first lien on
legal title to the property. This estimate does not cover all items you will be required to pay in cash at settlement. You may be required to pay other
additional amounts, and you may wish to inquire as to the amounts of such other items. This estimate shows the maximum prepaid interest which could
be charged at settlement. Should your loan be approved, actual costs will be determined, based on the settlement date. Upon request, you may inspect
HUD Form 1, Settlement Statement, one (1) business day prior to settlement at the following address:
8. FEDERAL TRUTH-IN-LENDING ACT - ESTIMATE OF CREDIT COSTS
ANNUAL PERCENTAGE RATE
COST OF YOUR CREDIT
AS A YEARLY RATE
FINANCE CHARGE
DOLLAR AMOUNT THE
CREDIT WILL COST YOU
AMOUNT FINANCED
AMOUNT OF CREDIT
PROVIDED TO YOU OR
ON YOUR BEHALF
TOTAL OF PAYMENTS
AMOUNT YOU WILL PAY IF
YOU MAKE ALL
SCHEDULED PAYMENTS
TOTAL SALE PRICE
TOTAL COST OF YOUR
PURCHASE ON CREDIT
INCLUDING YOUR
DOWNPAYMENT OF
$$$
$
$
9. PAYMENT SCHEDULE
IMPORTANT: Payments are due on the first day of the month, beginning with the second month after settlement. Monthly loan installments also will
include 1/12 of the estimated annual property taxes and insurance.
DEFINITIONS: The annual percentage rate is an expression of the cost of credit and shows the effect of the prepaid finance charge on the simple
interest rate which is stated in the contract documents. The total of payments is equal to the number of payments multiplied by the amount of the
payment for principal and interest. The loan amount is equal to the purchase price (contract sale price) including the rehabilitation amount to be
escrowed for repairs after sale, minus the downpayment. The amount financed is equal to the loan amount, minus the prepaid finance charge (funding
fee and the estimated maximum prepaid interest). The finance charge begins on the settlement date and is equal to the total of payments, minus the
amount financed. The total sale price is equal to the downpayment, plus the loan amount and the finance charge.
A. NUMBER OF PAYMENTSB. AMOUNT OF PAYMENT (PRINCIPAL AND INTEREST)
IMPORTANT INFORMATION: Property insurance may be obtained from any insurer chosen by the borrower, but the creditor reserves the right to
reject an insurer for reasonable cause. A security interest in the property will be given by the borrower to the creditor, including security interest to
cover any future advances to protect the security. Prepayment of the loan in whole or in part may be made without penalty, but will not result in refund
of a paid portion of the finance charge. Partial prepayment may not be less than one installment, or $100, whichever is less. A late charge of 4 percent
of the loan installment will be charged for each loan installment which is received by the creditor more than 15 days after the due date. Assumption of
the loan may not be completed without prior written approval by the creditor, its authorized agents, successors or assigns. Please see the contract
documents for information concerning nonpayment, default, repayment, and debt acceleration.
VA FORM
JUN 1991
26-8513
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