Utilities
What year do all cesspools have to converted by?
2050
What is the CAP coverage amount for lava zone insurance on properties located in lava zone 1 & 2?
$450,000
What loan programs are available in lava zone 1 & 2?
Conventional and VA
If a home was built in 1976 what addendum NEEDS to be signed?
Lead based paint addendum
Wat are 3 options for wastewater?
Cesspool, Septic, and Sewer Connect
Name 3 different types of insurance
Hurricane, Lava, and Flood
What is the amount do you have to put down to avoid PMI?
Where do you go to check permits and inspection updates?
Epic website
What are 3 water source options?
Well, Catchment, County / Municipal
What flood zone does not require flood insurance?
X
Difference between pre-approval and pre-qualification letters?
A loan is pre-approved when a loan officer reviews all financial documents provided by a borrower to accurately calculate their qualification. Pre-qualification is based on stated income, assets, and debts.
In what scenario would a property by "Ag" dedicated?
When the owner of the property filed a petition to dedicate their property or a portion of their property for agricultural purposes.
Where do you request a wastewater card?
Email the Wastewater Department
In what scenario would a property have the potential to be subdivided?
When the lot size is large enough to fit 2+ of the zoning restricted size
Which loan program(s) typically require water test and termite inspection?
VA and FHA
Where do you find the PLAT map?
County website, hyper link plat map
What is S.S.P.P?
A cost-share charge applies for each parcel in that subdivision in order to help cover the costs of power poles and establishing electricity to each parcel in that area.
What is force-placed insurance?
Force- placed insurance s an insurance policy placed by a lender, bank or loan servicer on a home when the property owners' own insurance is cancelled, has lapsed or is deemed insufficient and the borrower does not secure a replacement.
Name 3 factors that determine your interest rate?
Credit score, loan program type, down payment, debt-to-income, occupancy
What document must be filed by a homeowner to lessen their property taxes?
Homeowner's exemption form