CONDITIONAL APPROVAL

DECISION DATE: 02/01/23

UW Center: St.Louis UW Team-01

Contact Information

Loan Jeffrey Allan Tel (314)878-0152 Fax E-mail jeffrey.rupich@usbank.com

Rupich
Officer

Processor Charissa Woods Tel (314)702-9686 Fax E-mail charissa.woods@usbank.com

U/W Amanda Cote Tel (314)702-9683 Fax (314)702-9661 E-mail amanda.cote@usbank.com

Closer Tel Fax E-mail

Loan Information
Loan #2201560969
Primary Borrower: Z MARK HONGS
Co-Borrower: JENNIFER HONGS
Property Address: 689 Summit Rd
Fenton, MO 63026

Important Dates
Doc Expiration Date: 04/30/2023
Rate Lock Expiration Date: 03/13/2023
Estimated Closing Date/Contract Settlement Date: 03/13/2023

Loan Terms
Loan Amount: $349,800.00
Term: 360 months
Interest Rate: 5.875%
Product: FNMA - 30 Yr FIX - Conf

PRIOR TO FINAL APPROVAL CONDITIONS:

Z MARK HONGS to sign and return Borrower Consent to the Use of Tax Return Information document.

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 Customer(s) to sign and date Affiliated Business Arrangement Disclosure
Borrower(s) to review Appraisal Waiver Disclosure and indicate choice to their Processor and or Mortgage Loan
Officer, if choosing to waive waiting period, sign, date and return Appraisal Waiver Disclosure.
MLO or MCS: If an alert is present on customers credit report in the Fraud Verification, MISC Information or Alerts
section complete the FACT ACT Credit Alert Clearance procedure.
JENNIFER HONGS to sign and return Borrower Consent to the Use of Tax Return Information document.
Fully executed Applicant Acknowledgement Agreement.
Verify transaction meets requirements of USBHM and Agency published "Anti-Flipping" policies.
Signed letter of explanation from borrower(s) explaining all credit inquiries in the last 90 days. Supporting
documentation may be required for any new accounts opened.
Preliminary title report with tax, lien and judgment search and 24 month chain of title showing an effective date within
90 days of closing.
FBI Occupancy Certification signed and dated by all borrowers.
We'll need you to provide your hazard insurance declaration page including coverage and premium amounts acceptable
to U.S. Bank Home Mortgage.
Undisclosed Debt form signed and dated by all borrowers.
Please provide a copy of the cancelled earnest money check and evidence it has cleared your account and came from an
acceptable source to U.S. Bank Home Mortgage.
Fully executed Fee Agreement.
4506C(s) signed and dated by all borrowers. Please confirm the address prior to signing.
Complete 1003 (including the Addendum to Loan Application) signed and dated by all borrowers. Please review to
confirm the application is complete and accurate prior to signing. Joint credit to be initiated and homestead question to
be answered regarding additional party. completed.
Please provided the terms of borrowing and/or withdrawal for funds required for closing from Traditional IRA account
#7790 with Fidelity.
Verification James Rowles can sell on behalf of Rowles Construction Inc.

PRIOR TO CLOSING CONDITIONS:

AT CLOSING CONDITIONS:
Earnest Money in the amount of $5,000.00 has been approved, if amount differs, loan must be returned to underwriting.
Closer to confirm lender coverage on title commitment is equal to or greater than the approved loan amount.
Cash to close from borrower(s) on Closing Disclosure may not exceed $488,620.78.
Special Assessments to be paid in full (XX) or assumed ( ). Amount if assumed is $ __________.
Seller to pay Borrower's Closing Costs not to exceed $0.
Seller contribution not to exceed 9% or actual closing costs whichever is less.
Loan must close and match the following terms: Subject Property PITIA ($2,347.21), Oth Pmts ($154.00),Total Income
($5274.40).

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 If loan is scheduled to close after 3/13/2023 provide a fully executed addendum to the purchase contract or modify and
initial the original contract extending the closing date. Any other changes to the purchase contract must be resubmitted
to Underwriting.
DU loan--Approval valid only for DU Case File #1639824245, Submission #(6). Any changes must be resubmitted to
DU and Underwriting.

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