Total legal and organization.... Total estimated cost (exclusive of land and required construction off the site) -- Fair market price for this parcel of land in fee simple (from FHA form 2401): square feet @ per sq. ft. Total estimate of replacement cost of property- I hereby certify that I have read section 512 (a) of the National Housing Act, as amended; that I have no personal interest, persent or prospective, in the property, the proceeds of a mortgage proposed to be secured by the property or the applicant therefor. Date Date (Signed) Valuator. (Approved) Chief Valuator. Deputy for Chief Valuator. DETERMINATION OF MAXIMUM INSURABLE MORTGAGE 1. Total for all physical improvements, carrying charges, and financing. 2. 90% of total estimated replacement cost of property 3. Amount based on limitation as to debt service ratio: (a) Mortgage interest rate_-_ (b) Mortgage insurance premium_. % % -% -% (d) 4. Amount based on statutory limitation per room or per unit: (a) Number of rooms units___X$_. =$_ % (From Form 2412). (b) Ratio cost of "Total Structures" to "Residential and Related Uses" (c) Item (a) XItem (b). 5. Mortgage amount stated in application__--. MAXIMUM INSURABLE MORTGAGE (Lowest of above amounts) |