General Info

Help Topic 8236

Field Name	Definition/Description
Buyer Name	Enter the name of your client(s). This will appear on any emailed/printed report.
Sale Price	The actual or estimated sale price of the home.
Property Address	Address where the property is located.
Municipality	The municipality the property is in. Enter the first three letters of the municipality and select from the list.
County	The county the property is in. It is auto-filled based on the municipality.
School District	Select the school district the property is located in. It is auto-filled based on the municipality location.
Condo	Is the property a condominium.
Number of Units	Total number of units of the property.
Settlement Date	The actual or estimated date of settlement. Select a date from the calendar or enter a date (mm/dd/yyyy).
Assessment	The estimated value of the property determined by the county.
Annual Tax	Annual tax owed on a property. This information comes from Public Records.
Seller Assist	The amount of money the seller is giving back to the buyer.
Earnest Deposit	A good faith deposit towards the purchase of the property.
Loan Type	Select a loan type from the drop down menu. For information on each type, hover over a loan name: Cash Conventional A conventional mortgage carries the following restrictions: neither guaranteed or insured by the Government not limited as to the amount of loan fees that can be charged usually long term made at prevailing market rates (15 -30 years) usually carries a slightly higher interest rate than FHA or VA FHA A mortgage loan insured by the Federal Housing Administration (FHA). The FHA does not provide the loan; rather, it insures the loan for the lender. If the borrower defaults, the lender can seek recourse from the FHA. This lowers the lender's risk and makes them more likely to issue a loan. VA A mortgage loan that offers long-term financing to American veterans or their surviving spouses (provided they do not remarry). The basic intention of the VA direct home loan program is to supply home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment.
Down Payment	Expressed as either a dollar amount or percentage. Select the appropriate radio button and enter a value.
Mortgage Type	The type of mortgage being used. For information on each type: click here.
Base Mortgage	FHA only. The base mortgage is determined by: Sale Price - Down Payment.
Mortgage Term	Length of the mortgage term.
Interest Rate	The interest rate given to your clients, expressed as a percentage.
Calculate Maximum FHA Mortgage	Use this button to change the down payment amount to the lowest down payment accepted by the FHA.