Are you looking for a way to make sure your property taxes are up to date? If so, consider submitting the Pennsylvania Homestead and Farmstead Exclusion (Phfa Form 51R). This form is designed to help homeowners who meet certain qualifications obtain relief from paying some or all of their local school district real estate taxes. By filling out this form, you can potentially reduce your tax burden and save money! In this blog post, we’ll provide an overview of what constitutes eligibility for Phfa Form 51R as well as how to fill out the process correctly. Read on for more information about filing these important forms.
| Question | Answer |
|---|---|
| Form Name | Phfa Form 51R |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | Transmittal, REFINANCE, LDP, FNMA |
May 2013 |
PHFA Form 51R |
REFINANCE COMPLIANCE PACKAGE CHECKLIST AND COVER SHEET
Directions: This Checklist is to be submitted on top of the Compliance Package containing ORIGINAL documents or LEGIBLE copies of the following items in the order listed below. It is important that the documents are assembled in the correct order and fastened by a BINDER CLIP. (Do NOT place in file folder.)
*Overnight Packages to: PHFA, Homeownership Division, 211 N. Front Street, Harrisburg, PA 17101 OR
Regular Mail to: PHFA, Homeownership Division, P.O. Box 8029, Harrisburg, PA
HOMEOWNERSHIP PROGRAMS DIVISION
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PRIMARY BORROWER'S NAME |
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REFINANCE LOAN |
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CONVENTIONAL FHA |
VA (Circle Financing) |
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LENDER NAME: ____________________________________________ |
CONTACT NAME: ____________________________________________ |
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Telephone: ________________________________________________ |
Email Address: ______________________________________________ |
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A. CREDIT/COMPLIANCE DOCUMENTS (place a check in the column as it applies) |
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1. |
Preliminary Package (Form 1) submitted |
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16. |
Verification of Deposit or |
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YES - Provide copy of PHFA approval |
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a. 2 months of current bank statements (Conventional) |
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NO |
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b. Current month when funds needed to close (FHA, VA) |
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2. |
Automated Underwriting Findings Report (Conventional) |
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17. |
Gift Affidavit (if applicable) |
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3. |
Proof of loan insurance/guarantee |
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18. |
Copy of Fannie Mae Community Seconds Checklist |
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a. Signed FHA Loan Underwriting and Transmittal |
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(FM 0109) if applicable (Conventional) |
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Summary (HUD |
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19. |
Verification of Employment |
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b. Provide Mortgage Insurance Certificate |
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a. Verification of Employment (FULL VOE or verbal w/ |
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c. Signed Loan Summary (VA Form |
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current pay stubs showing YTD earnings and 2 yrs of |
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4. |
FNMA Transmittal Summary (FNMA Form 1008 11/92): |
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W2’s) (Conventional) |
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Conventional |
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b. Telephone verification of employment (verbal) |
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5. |
Signed & Dated initial Uniform Residential Loan |
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Borrower currently employed (FHA, VA) |
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Application (FNMA Form 1003 10/92) and HUD/VA |
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20. |
Completed and signed IRS Form 4506T from application |
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Addendum(s) if applicable |
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(provide copies of 2 years of transcripts if available) |
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6. |
Verification the LDP and GSA lists have been searched |
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(Conventional) |
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for all required parties: FHA |
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21. |
Divorce Decree/Agreement of Child Support/Spousal |
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7. |
Residential Mortgage Credit Report |
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Support (if applicable) |
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a. Residential Mortgage Credit Report w/ Credit Score |
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22. Deed |
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or 3 merged reports with Credit Score (Conventional) |
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23. |
Lien Search (FHA, VA) |
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b. Residential Mortgage Credit Report w/ Scores for |
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24. |
Applicable Appraisal Report (FNMA Form 1004 or 1073): |
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Credit Qualifying FHA Refinances (only) |
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a. UCDP Submission Summary Report (Conventional) |
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8. |
Provide copy of the Credit Score Information Disclosure |
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25. |
Life of Loan Flood Determination |
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(Conventional) |
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26. |
Refinance Authorization Results Screen print from FHA |
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9. |
Certificate of Eligibility (VA Form |
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Connection Showing the original Appraised Value and |
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(VA) |
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Endorsement date (FHA) |
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10. Signed statement by veteran acknowledging effect of |
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27. |
Copy of VA IRRRL Case Assignment with new VA Loan # |
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refinancing (VA) |
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and original appraised value (VA) |
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11. IRRRL Worksheet (VA Form |
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28. |
Good Faith Estimate of Settlement Costs |
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12. Verification of VA Benefits (VA Form |
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29. |
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applicable (VA) |
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B. PHFA DOCUMENTS (As required by Program) |
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13. Federal Collection Policy Notice (VA Form |
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1. Borrowers Authorization for Post Purchase Counseling, |
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14. Provide copy of the Mortgage Servicing Disclosure |
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PHFA Form 68 (FNMA) |
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statement |
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15. Payoff Statement/Pay History |
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a. Borrowers "Detailed Payoff Statement" for Current |
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Mortgage |
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b. Credit Supplement verifying Current Mortgage |
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payment for at least the past 12 months (FHA, VA) |
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*Unless otherwise marked Conventional, FHA or VA the item will apply to all loans.
**If