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Prospective Borrower(s); Linda Cheney, et al <br />Sales Price: $ 173,212.00 <br />Loan to Value Ratio; 85% LTV <br />Loan Purpose: Home Construction Loan <br />Loan -Type & Description: Conventional Loan <br />Mortgage Banker LSI has ❑ has not received a signed application for the Loan from the Prospective Borrower <br />Mortgage Banker ® has ❑ has not reviewed the Prospective Borrower's credit report <br />Mortgage Banker ® has ❑ has not reviewed the Prospective Borrower's credit score <br />The Prospective Borrower. has provided the Mortgage Banker <br />with the following information: ❑ Verbally ® In writing <br />Income: N Yes ❑ No ❑ Not Applicable <br />Cash Available for down payment <br />and closing costs: M Yes ❑ No ❑ Not Applicable <br />Debts: ® Yes 0 No L1 Not Applicable <br />Other Assets: ❑ Yes 17J No 0 Not Applicable <br />Based on the Information that the Prospective Borrower has provided to the Mortgage Banker, as described above, the <br />Mortgage Banker has determined that.the Prospective Borrower Is eligible & qualified to meet the financial requirements <br />or the loan. <br />This Is not an approval for the Loan, Approval of the loan requires: (1) the Mortgage Banker to verify the Information that <br />the Prospective Borrower has prov1ded;"(2) the Prospective Borrower's financial. status and credit report to remain <br />substantially the same until the loan closes; (3) the collateral for the loan to satisfy the lender's requirements (for example, <br />appraisal, title policy, survey,'condltlon, & Insurance); (4) the loan type & terms described, to remain available In the <br />market; and (5) the Prospective Borrower to execute loan documents the lender require, <br />Sincerely, <br />William H. Coleman <br />President <br />903.785.5555 <br />NMLSN: 459196 <br />