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Get the free Smart Move DPA Second Mortgage NOTE form v3_PDF.doc - ihda

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This document serves as a promissory note for a second loan financed by the Illinois Housing Development Authority (IHDA) to assist with the borrower's down payment needs. It outlines the terms of
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How to fill out Smart Move DPA Second Mortgage NOTE form v3_PDF.doc

01
Open the Smart Move DPA Second Mortgage NOTE form v3_PDF.doc.
02
Read the instructions carefully to understand the purpose of the form.
03
Fill in the borrower's name and permanent address in the designated fields.
04
Provide the loan amount that is being borrowed under the DPA.
05
Indicate the interest rate for the second mortgage.
06
Specify the repayment terms, including the duration of the loan.
07
Fill in the property details, including the full address and legal description.
08
Review and check all information for accuracy.
09
Sign and date the form where indicated.
10
Submit the completed form to the appropriate lending authority.

Who needs Smart Move DPA Second Mortgage NOTE form v3_PDF.doc?

01
Individuals or families seeking financial assistance to purchase a home through the Smart Move program.
02
Low to moderate-income homebuyers looking for a second mortgage option.
03
Homebuyers who have qualified for Down Payment Assistance (DPA) programs.
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The Smart Move DPA Second Mortgage NOTE form v3_PDF.doc is a legal document used to outline the terms and conditions for a second mortgage under the Smart Move Down Payment Assistance (DPA) program.
Applicants who are seeking financial assistance through the Smart Move DPA program and are obtaining a second mortgage are required to file this form.
To fill out the Smart Move DPA Second Mortgage NOTE form, applicants must enter personal information, loan details, and agree to the terms by signing the document.
The purpose of the Smart Move DPA Second Mortgage NOTE form is to formally document the loan agreement for the second mortgage, including repayment terms and obligations.
The form must report information such as the borrower's name, property address, loan amount, interest rate, payment schedule, and any relevant terms and conditions.
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Illinois Housing Development Authority second mortgage promissory note down payment assistance loan terms home purchase borrower's obligations amortization period payment schedule default notice

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