Fannie mae form 1035-2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the Borrower Name and Date at the top of the form. This personal information is essential for identification.
3. In Section A, Loan Parameters, input the applicable LTV percentage and renovation costs as a percentage of the estimated 'As Completed' value. Select whether this is a primary residence, secondary residence, or investment property.
4. Proceed to Section B, Property Information. Fill in the Sales Price for purchase transactions or First Mortgage Pay-Off for refinance transactions, along with the Estimated 'As Completed' Value after improvements.
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 totals in Section D for Loan Amount by summing up purchase price and improvement costs. Ensure that your calculations align with the guidelines provided in each section.
7. Finally, review all entries for accuracy before saving or exporting your completed form using our platform's features.

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