SouthEastern Arizona Governments Organization

Party Responsibilites

What does the lender need to do?

• Qualify the borrowers (debt ratios must not exceed 33/41%)
• Provide the SEAGO Housing office with copies of the good faith estimate, 1003 loan application, written credit approval, 1008 transmittal or MCAW worksheet, and appraisal.
• Coordinate a closing date with the SEAGO Housing Office.

What does the borrower need to do?

• Provide all documentation required by the lender
• Provide all documentation required by Homes for Arizonans, including proof of own funds contributed during the homebuying process.
• Ensure the lender and realtor have sent their required paperwork to the SEAGO Housing Office

What does the realtor need to do?

• Assist the borrower with a purchase contract, ensuring program contingencies are included in the contract.
• Mail or fax the purchase contract to the SEAGO Housing Office
• Coordinate property access for the Homes for Arizonans home inspection
• Coordinate with all parties for any required repairs.

What will the lender receive from the SEAGO Housing Office?

• Homes for Arizonans Reservation of Funds
• Homebuyer Education Certificate of Completion (available upon request)
• Any other documentation requested by the lender’s underwriter.

Contact person: Julie Packer