Sample Worksheet for Calculating Maximum Loan Amount
Single-Close Repair and Rehabilitation Loans
Notes:
A3 = a) Includes non-structural loans over $35,000; b) Repairs do not exceed $35,000
and dwelling must be deemed habitable.
A4 = Existing dwelling 12 months or older.
B4 = As Improved market value + amount of financed GRH fee.
C2 = Up to 10% when utilities were on during inspection; up to 15% when utilities were off.
C3 = Up to 6 months; include only for structural or repairs over $35,000 when the dwelling is deemed uninhabitable by
inspector.
C5 = Cost must be included for structural repairs or repairs over $35,000.
D1 = Do not include amounts paid by borrower at closing. Refer to paragraph 12.15 for eligible costs.
D2 = Include only the amount of the GRH fee being financed.
E4 = Amount cannot be greater than B4.
Refer to HB-1-3555, Chapter 12, paragraph 12.8 and 7 CFR 3555, 3555.105 for program requirements.