HomeStyle Renovation Maximum Mortgage Worksheet Form 1035-2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your name and the date at the top of the form. This personal information is essential for identification.
3. In section A, input the applicable Loan-to-Value (LTV) percentage and select whether this is for a primary residence, secondary residence, or investment property.
4. Proceed to section B. Enter the sales price if it's a purchase transaction or the first mortgage pay-off amount for refinancing. Also, provide the estimated 'As Completed' value after renovations.
5. In section C, detail all alterations, improvements, and repairs. Break down costs into hard costs, contingency reserves, fees for architects/engineers, inspections, permits, and any other relevant expenses.
6. Calculate total alterations in section C2 and ensure it does not exceed the limit set in A2 multiplied by B3.
7. Move to section D to calculate your loan amount based on purchase price and improvement costs. Follow instructions carefully to determine which values apply.
8. Finally, review all sections for accuracy before saving or exporting your completed worksheet using our platform's features.

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