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<br />LOAN DISBURSMENT GUIDELINES <br /> <br />To reserve funds for 60 days: <br /> <br />Items to be sent to the City of Pleasanton: <br /> <br />o Copy of the executed purchase agreement <br />o Copy of loan qualification letter for first mortgage <br />o Evidence ofborrovver's 3% dovvn payrrIent (may include UP to 2% in other secondary <br />financing). <br />o Copy of First Time Homebuyer training certificate <br /> <br />To Disburse funds into escroW': <br /> <br />o Title Company name, address, contact person, phone number, and escrovv number <br />o Wire instructions to transfer funds to escrovv account (instruction must be on Title Company <br />letterhead, signed by the escrovv officer handling transaction) <br />o Itemization sheet <br />o Evidence ofbuyer's dovvn payrrIent in escro"W <br />o Appraisal <br />o Termite clearance <br />o Roof clearance <br /> <br />After EscroW' Closes: <br /> <br />o Title insurance naming City as a beneficiary <br />o Proof of Home Warranty <br />o Copy of Property Inspection report <br /> <br />5 <br />