First Time Home Owner Program Summary Sheet

First Time Home Owner Program Summary Sheet

<p> PURCHASE ASSISTANCE PROGRAM Single Family Residence or Multi-Family Housing APPLICATION</p><p>PLEASE PRINT OR TYPE NAME ______SS# ______SPOUSE'S NAME ______SS# ______PRESENT ADDRESS ______YEARS AT THIS ADDRESS______CITY, STATE ZIP ______HOME PHONE ______PRESENT EMPLOYER ______SALARY ______ADDRESS ______YEARS EMPLOYED ______WORK PHONE ______PREVIOUS EMPLOYER ______SALARY ______ADDRESS ______YEARS EMPLOYED ______SPOUSE EMPLOYER ______SALARY ______ADDRESS ______YEARS EMPLOYED ______WORK PHONE ______PREVIOUS EMPLOYER ______SALARY ______ADDRESS ______YEARS EMPLOYED ______</p><p>ANNUAL FAMILY INCOME $______NUMBER IN FAMILY </p><p>______</p><p>LENDER NAME & </p><p>ADDRESS______</p><p>REALTY AGENCY & </p><p>AGENT______</p><p>PROPERTY ADDRESS </p><p>______</p><p>SELLERS ASKING PRICE $ ______REQUIRED FOR APPROVAL OF LOAN INFORMATION NEEDED FOR AUTOMATIC PURCHASE PRICE. $ ______WITHDRAWAL OF PAYMENTS:</p><p>BANK LOAN/MORTGAGE $ ______Bank Name: ______DOWN PAYMENT FROM BUYER $ ______Routing Number: ______</p><p>WCEDD MATCHING FUNDS $ ______Account Number: ______</p><p>I (we) attest that this information and data on this form is correct and true to the best of my (our) knowledge. By signing this application form, I (we) understand that I (we) grant unconditional approval for WCEDD to check my (our) credit, personal finances </p><p>2014 Page 1 and employment records at my (our) expense, so a complete evaluation of this application can be made. I (we) also understand that if the property is sold full payment of the loan will be due immediately.</p><p>DATE ______SIGNATURE ______</p><p>SPOUSE ______</p><p>Return to: Wright County Economic Development, First Time Home Owner Program, P.O. Box 214, Clarion, Iowa 50525</p><p>PERSONAL FINANCIAL INFORMATION</p><p>List all current assets and liabilities.</p><p>Current Personal Assets</p><p>Cash/Checking acct (Bank ______) $ ______</p><p>Savings Account(s) (Bank______) $ ______</p><p>Stocks/Bonds/Securities $ ______</p><p>Accounts/Notes Receivable $ ______</p><p>Autos/Other vehicles (Model & Yr ______) $ ______</p><p>Real Estate Value $ ______</p><p>Household Furniture, etc. $ ______</p><p>Other Assets: (list) ______$ ______</p><p>TOTAL ASSETS $ ______</p><p>Current personal Liabilities</p><p>Balance on car (Holder of first lien______) $ ______</p><p>Balance on property (Bank ______) $ ______</p><p>Credit Card Liability (Company______) $ ______</p><p>Other Liabilities (list creditor and amount) $ ______</p><p>TOTAL LIABILITIES $ ______</p><p>TOTAL ASSETS $ ______</p><p>LESS TOTAL LIABILITIES $ ______</p><p>NET WORTH $ ______</p><p>I attest that this information, and data on the attached financial statements, are correct and true to the best of my knowledge.</p><p>Signature______</p><p>2014 Page 2 Date ______Spouse______</p><p>Return to: Wright County Economic Development Department, First Time Home Owners Program, P.O. Box 214, Clarion, Iowa 50525</p><p>BUDGET WORKSHEET</p><p>Return with application</p><p>Name ______</p><p>Current Projected INCOME, GROSS, Monthly Average Payroll Deductions: Taxes (Federal, State, etc.) Savings Plan (401k, credit union, etc.) Other (medical, dental, etc.) Total Payroll Deductions INCOME, NET (Gross minus Deductions)</p><p>Expenses: Personal Savings Housing Utilities Home Maintenance (laundry, toiletries, upkeep) Transportation (monthly payments) Auto Upkeep (gas, insurance, license, etc.) Food (groceries + dining out) Clothes Books, Periodicals, Online Services Entertainment (TV, movies, CD’s, vacation) Debt Repayment (credit cards, school, etc.) Other Expenses Total Expenses INCOME, NET minus all expenses</p><p>2014 Page 3</p>

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