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C o n d itio n a l C o m m itm e n t D ire c t E n d o rs ...

Department of Housing OMB Approval No. 2502-0494. Conditional Commitment and Urban Development (exp. 05/31/2017). Direct Endorsement Office of Housing Statement of Appraised Value Federal Housing Commissioner General Commitment Conditions 1. Maximum Mortgage Amount and Term: 3. Validity Period: This document expires 120 days from the effective date (a) Occupant Mortgagors: Mortgage amount and terms assume satisfactory of the appraisal or the appraisal update. owner-occupant mortgagor(s). They may be changed depending upon the 4. Cancellation: This document may be cancelled after 60 days from the date rating of borrower, his/her income and credit. of issuance if construction has not started. (b) Changes: the Commissioner or Direct Endorsement (DE) Underwriter may, 5. Property Standards: All construction, repairs, or alterations proposed in the after reviewing pertinent information, change the mortgage amount and term. application or on the construction exhibits returned herewith must equal or 2.

C o n d itio n a l C o m m itm e n t D ire c t E n d o rs e m e n t S ta te m e n t o f A p p ra is e d V a lu e General Commitment Conditions U.S. Department of Housing

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