Mtg Support & Resources

Retail Forms for use with Borrower - these forms have been left as word documents to allow for customization of the documents to meet the loan needs. If you are a branch that uses your logo, feel free to update the information accordingly!

FSB Gift Letter Instructions

FSB Closed Loan Survey

FSB Prequal Letter

FSB Approval Letter

Loan Status Update for RE Agents-instructions

Loan Status Update for RE Agents-form

POD Letter-Redisclosures

POD Letter-Initial Disclosures

Government Loan Docs - New Construction

New Construction Document Checklist-updated October 2020

USDA New Construction Docs

Plan Certification-USDA Form RD 1924-25

FHA & VA New Construction Docs

Builders Certificate-form 92541

Warranty of Completion of Construction-HUD form 92544-A/VA form 26-1859

Builder Cabo and Lead Water Cert

Termite Protection-Form NPMA 99a

Termite Protection-Form NPMA 99b

(both forms must be submitted)

VA Not Inspected Acknowledgment-for New Construction Form

Credit In's & Out's

Credit 101

ECOA Codes & Payment Grid Explanation

How to Read a Partners Credit Report

Summary of Rights under the FCRA

Credit FAQs

Useful Charts & Calculators

The charts provided are to be used as reference material. It is possible overlays exist that will adjust the information contained in the charts with our investors.

Illinois Tax Escrow Charts

Collections & Judgements

Gift funds & Gifts of Equity

Shared Well & Septic

Property Flipping Rules

Derogatory Credit Wait Periods

VA Maximum Loan amount Calculator

Mortgagee Clause & Agency ID #'s

Government Mortgagee Clause

Flanagan State Bank ISAOA

333 Chicago Rd PO Box 302

Paw Paw, IL 61353

Conventional Mortgagee Clause

Flanagan State Bank ISAOA

PO Box 961292

Fort Worth, TX 76161-0292

Portfolio Mortgagee Clause

Flanagan State Bank ISAOA

PO Box 487

Gridley, IL 61744

Always include the Loan Number!

Agency ID #'s

FHA ID: 2760600034

*please note this has been updated to be different for each branch, inquire with your sales manager about the correct ID*

VA ID: 7095710000

Tax ID: 37-0276830

FHMLC Seller ID: 129359

2025 FHLB Grants

Mortgage Support reviews & submits DPP grant requests to FHLB. The request from the LO should be made early in the loan process but after the borrower has signed the initial loan disclosures.

Find the full program details here:

Program Guide

Income Guide

Does your borrower meet the income limits for the program?
Check here: FHLB HUD Income Guidelines limits or this interactive link: HUD Income limits
When grant funds CANNOT be used spreadsheet.

All documents to be labeled according to the Reservation Document Checklist when submitted to Mortgage Support.

2025 Grant Forms:

Reservation Checklist

Household Member Questionnaire - one per borrower/household member (must be signed)

Certification of Tip Income - when applicable

Certification of Zero Income - when an applicant does not have any income to verify

Income must include all applicable sources: VOE, 3 consecutive paystubs, award letters, 2 years tax returns and current YTD P&L(if self employed), etc

Income Calculation Workbook

Approval Checklist

If purchasing a 2-unit property, a lease agreement or appraisal with market value rents will be needed for submission.
Related party transactions require an appraisal.

Use Homebuyer Education & Counseling

Include cost of Homebuyer Education on the Loan Estimate to allow for reimbursement at closing to borrower. Click here for DPP Homebuyer Education & Counseling link.

*If you cannot find a Counseling Partner easily in the area, please try this on-line provider:

CHES, Inc.

Grant Marketing Flyers!!

**Must be approved by marketing@flanaganstatetebank.com

https://www.fhlbc.com/community-investment/downpayment-plus-programs/dpp-program-marketing-flyers

IBTS Order Process

All IBTS orders for Manufactured home certifications will be requested through Mortgage Support. To request your order, please use the order form below and send your request to Mortgage Support. Don't forget to disclose or re-disclose for this cost!

IBTS Man Home Certification Order Form

**We will always order both HUD data plate and label costing $275.00. (rush orders will cost more)