Please note that all checklists and forms in this packet are required for submission (except the optional forms on pages 13 and 14).
For the purpose of NYS-MAP, all person on the deed are considered applicants and should submit all required documents. All submitted documents must be current (dated within 90 days).
Does the applicant have an open mortgage (Including second mortgages and home equity loans)?
Does the applicant have homeowner association (HOA) fees?
Does the applicant have condo association fees?
Does the applicant have co-op maintenance fees?
Does the applicant have manufactured housing rental fees?
Does the applicant earn wages?
Is the applicant self-employed?
Does the applicant receive benefits?
Is the applicant receiving rental or border income?
Is the applicant receiving contribution income?
Does the applicant receive alimony or child support?
Select one: *only manufactured homes owned as real property or as part of co-op are eligible for NYS-MAP.
All individuals listed on the property deed, even if they do not currently reside in the property.
If applicable.
Other people living in household, not including applicant/co-applicant or renters/boarders.
Housing debt includes your monthly mortgage payments, insurance and property tax payments, and association fees (such as homeowners association or co-operative maintenance fees).
Please take the time to fill the financial worksheet accurately. Every line item requires an input, but feel free to put $0 if the budget line does not apply to you and your expenses.
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There are no application fees, credit report fess, lock-in fees, title insurance fees, or property appraisal fees charged in connection with a New York State Mortgage Assistance Program Loan (“NYS -MAP Loan”).
The interest rate on all NYS-MAP Loans is 0%. This rate will not change at any time.
The early NYS-MAP requires no early repayment prior to maturity except upon sale of the property or violation of NYS-MAP Loan requirements. The NYS-MAP Loans may be prepaid or refinanced at any time prior to maturity without penalty.
The NYS-MAP Loan will not amortize during its term. Consequently the full amount of NYS-MAP Loan will be payable at maturity. If not repaid or refinanced, you may be loose the property or may be subject to considerable tax liabilities if the loan is restructured or written-down.
Refinancing will depend upon, among other things, your future financial situation, the property value and market conditions.
The NYS-MAP Loans may not be assumed by any other person without express written consents.
To the extent that it is determined that the applicant is not eligible for NYS-MAP Loan, the applicant will receive a copy of the credit report, if any.
Applicant may contact Sustainable Neighborhoods, LLC (“SN”), the administer of the New York State Mortgage Assistance Program, at any point during the process of application, commitment, and closing of NYS-MAP Loan.
The undersigned certify the following:
I/WE DECLARE THAT the statements contained in this document are true and complete to the best of my/our knowledge. I/we have not withheld, falsified, or otherwise misrepresented any information. I/we understand that it is crime to intentionally falsify the information on this application. I/we fully understand that any and all information I/we provide during this application process is subject to review by the Office of the Attorney General of the State of New York (“OAG”), a fully-empowered law enforcement agency that investigates potential fraud in state-sponsored programs. NYS-MAP is sponsored by OAG.
I/we understand that the consequences for providing false or knowing incomplete information in an attempt to qualify for this program may include the disqualification of my application and/or referral of the inappropriate authorities for potential criminal prosecution.
I/WE DECLARED THAT I/WE have not been induced by Sustainable neighborhood (“SN”), or any of its employees or representatives to leave any answers blank or conceal or misrepresent, in any way, any information required to be provided on the NYS-MAP application.
To Whom It May Concern:
I/we have applied for NYS-MAP Loan from SN. As part of the application process, SN may verify information contained in my/our loan application and in other documents required in connection with the loan, either before the loan is closed or as part of its quality control program.
I/we authorize you to provide to SN any and all information and document that they request. Such information includes, but is not limited to: employment history and income; bank, money market and similar account balances; credit history; and copies of income tax returns. I/we further authorize SN to order a consumer credit report and to verify any other credit information, include past and present mortgage and landlord references.
It is understood that the copy of this form will also serve as authorization of the foregoing.
Signed by:
The following information is required by the Federal government in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub.L.111.203). You are required to furnish this information. The law provides that no person shall be eligible to receive assistance from this mortgage assistance program if such person, in connection with a mortgage or real estate transaction, has been convicted within the last 10 years, of any one of the following: (A) felony, larceny, theft, fraud or forgery, (B) money laundering or (C) tax evasion.
In making this certification, I/we certify under penalty of perjury that all of the information in this document is truthful and that I/we understand that the lender, the U.S Department of the Treasury, or their agents may investigate the accuracy of my/our statements by performing routine background checks, including automated searches of federal, state and country databases to confirm that I/we have not been convicted of such crimes. I/we also understand that knowingly submitting false information may violate Federal law.
The following information will not be used to determine your eligibility for the New York State Mortgage Assistance program. It is used solely for tracking purposes.
The following information is requested by the Federal Government for certain types of loans related to the dwelling in order to monitor the lender’s compliance with equal credit opportunity, fair housing and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so.
The law provides that a lender may not discriminate either on the basis of the information or on whether you choose to furnish it. If you furnish the information, please provide both ethnicity and race. For race, you may check more than one designation. If you do not wish to furnish the information, please check the box below.
A contributor is any individual that that regularly contributes to household income but is not listed on the property deed. A contributor can be a household resident or a non-resident. Resident contributors must submit proof of income and proof of residency, while non-resident contribution income must be verified by 6 months proof of deposits in the applicant’s bank statement.
By signing this form, you confirm that to the best of your knowledge, the information provided herein is true and correct. You also confirm that the income information provided should be considered for the purposes of the applicant’s NYS-MAP request.
