LOAN APPLICATION
This is the basic information requested on a traditional uniform residential loan application, reformatted for ease of use on an Internet application. The information provided here will be used for qualifying purposes only. Data received will be reviewed by lending institutions for the purpose of making a mortgage loan only. Personal data is in no way otherwise disseminated by use of mailing list or any other such media by this service. With respect to an individuals right to privacy, any fields may be left blank at the users discretion, however the more complete the application is, the better quality the loan approval will be. Please provide enough information to render a good loan decision. Completion of this form in no way obligates the user of this service to accept any loan offered or provide any moneys to obtain a loan approval. Please take a few moments to fill out the following form.
Are you applying as and individual borrower or will you have a co-borrower? Individual___ Joint___ Not Sure_____
What is the purpose of your loan? Purchase_____ Refinance _____ Construction ______ Other_________
Do you want the property title held jointly? Yes____ No_____ Not Sure____
BORROWER INFORMATION
Borrowers Name (include Jr. or Sr. if applicable)
(First)________________________ (Last) ____________________________ (M)___________________
Social Security # ______-_____-_________
Home Phone (include area code) (____) ________-______________
Age _____
Years School ______
Married_____ Unmarried (includes single, divorced, widowed)_____ Separated _______
Number of Dependents _______
HOUSING HISTORY (Note: lenders are requesting a total minimum combined 2-year housing history, the primary focus is on provable stability)
Present Address:
Street_______________________________________________________________ Apt__________
City____________________________________________
State:________________________Zip:______________________
Own______ Rent______ Number of years_______
If residing at present address less than 2 years complete the following.
Former Address:
Street_______________________________________________________________ Apt__________
City_________________________________________
State:_______________Zip:______________________
Own______ Rent______ Number of years_______
Use continuation sheet if more space is required for additional residences
EMPLOYMENT INFORMATION (Note, a primary focus on employment is job stability. Education as it relates to the career field is generally considered employment, if desired substitution of generic employer names for privacy concerns are acceptable at this time, although the actual employer may need to be contacted at a later date for loan verification purposes with applicants approval)
Name and address of current employer. (Generic substitute OK if desired such as office, clerical, manufacturing, General Labor, Proffessional, Medical, Construction, Sales, etc.)
Employer__________________________________________________________________
Address____________________________________________________________________
City_______________________________________
State __________________ Zip_______________________
Self employed Yes________ No________
Business Phone: (____) ________-____________________ ext._______________
Title or position: _________________________________________________________
Type of work: ____________________________________________________________
Number of years on this job? __________Number of years employed in this line of work. _______
If you have been employed less than two years or if currently employed in more than one position complete the following:
Name and address of employer: From ______________ / To ___________________ /
Employer___________________________________________________________________
Address____________________________________________________________________
City_______________________________________ ST. ____ Zip_______________________
Self employed Yes________ No________ Monthly income _____________________
Business Phone: (____) ________-____________________ ext._______________
Title or position: _________________________________________________________
Type of work: ____________________________________________________________
Number of years on this job? __________Number of years employed in this line of work. _______
Use continuation sheet if more space is required for additional employment
INCOME
(Note: lenders will qualify income as stated (unprovable) or as fully documented (w-2's and or tax returns) under different guidelines.
How should your income be considered? Fully Documented_________ Stated________ Not Sure_______
Base Employment Income _____________ Choose one: Annual_____ Monthly _____ Weekly____
Hourly Rate_____________
Overtime______________ (lenders will use a 2 year average)
Bonuses _____________ (lenders will use 2 year average)
Commissions______________ (lenders will use 2 year average)
Dividends/Interest_______________ (lenders will use 2 year average)
Net Rental Income__________(after PITI. Lenders will use their own internal maintenance factor)
Other Income ____________ Choose one: Annual_______ Monthly _______ Weekly _________ (note any alimony, separate maintenance or child support income need not be revealed if Borrower or CO-Borrower chooses not to have it considered as a basis for repaying this loan)
Please use continuation page for any additional information regarding income
HOUSING EXPENSE
Rent____________ Choose one: Annual_____ Monthly _______ Weekly ___________
First mortgage _______________ (Show as monthly Principle, interest, taxes and insurance)
Other financing ____________(Principle and interest)
Homeowner Dues___________ Annual _______ Monthly _____
Condominium Association Dues__________ Annual______ Monthly_____
ASSETS (note, the primary focus is available funds, verification of funds will be dependent on loan type. Traditional underwriting requires 60-90 days seasoning of funds. The use of generic names for financial institutions are acceptable for privacy concerns, balances can be averaged to the nearest 100 shown as an average daily balance if desired)
Cash on hand $___________
Cash deposit made toward purchase $_____________
Name and Address of Financial Institution. (A generic substitute such as Bank, S&L, Credit Union, Stocks, Bonds is acceptable if desired, account numbers and physical addresses will be used for verification purposes after a loan has been selected. They can be left blank for privacy concerns at this time if desired)
Name of Institution___________________________________________________________________
Address___________________________________________________________________
Street_______________________________________________________________ Suite__________
City____________________________________
State:_____Zip:______________________
Account number_________________________
Balance $__________
Name of Institution_____________________________________________________________________
Address___________________________________________________________________
Street_______________________________________________________________ Suite__________
City________________________________________
State:_____Zip:______________________
Account number_________________________
Balance $__________
Name of Institution____________________________________________________________________
Address___________________________________________________________________
Street_______________________________________________________________ Suite__________
City_______________________________________________
State:_____Zip:______________________
Account number_________________________
Balance $__________
Name of Institution_____________________________________________________________________
Address___________________________________________________________________
Street_______________________________________________________________ Suite__________
City___________________________________________
State:_____Zip:______________________
Account number_________________________
Balance $__________
Use continuation sheet if required for additional Banking institutions
LIABILITIES (the primary focus here is revolving and installment type debt. This would include debt such as automobile loans, credit cards, and real estate loans, alimony and child support. Regular household debt such as phone bills, electric bills, grocery bills should not be included. For revolving type debt use the minimum due even if a higher amount is generally paid. If the debt is going to be paid off upon the sale of real estate owned or upon refinancing of the subject property be sure and indicate this in the space provided .For privacy concerns a generic substitute is acceptable for verification at a later date)
Name and address of creditor (real estate loan, automobile loan, credit card, department store credit card, etc.)
Name of creditor___________________________________________________________________
Address_________________________________________________________________________
Street_______________________________________________________________ Suite__________
City_____________________________________________
State:_____Zip:______________________
Account number_______________________________Minimum monthly payment required ___________
Balance owed $____________________
Name of creditor______________________________________________________________________
Address______________________________________________________________________
Street_______________________________________________________________ Suite__________
City_____________________________________________
State:_____Zip:______________________
Account number_______________________________Minimum monthly payment required __________
Balance owed $____________________
Name of creditor___________________________________________________________________
Address______________________________________________________________________
Street_______________________________________________________________ Suite__________
City______________________________________________
State:_____Zip:______________________
Account number_______________________________Minimum monthly payment required ___________
Balance owed $____________________
Name of creditor____________________________________________________________________
Address______________________________________________________________________
Street_______________________________________________________________ Suite__________
City_______________________________________
State:_____Zip:______________________
Account number_______________________________Minimum monthly payment required ___________
Balance owed $____________________
Name of creditor______________________________________________________________________
Address______________________________________________________________________
Street_______________________________________________________________ Suite__________
City_______________________________________________
State:_____Zip:______________________
Account number_______________________________Minimum monthly payment required ___________
Balance owed $____________________
Use continuation sheet is required for additional creditors
Do you currently own a home ? Y_____ N_____
Address_______________________________________________________________________________
City______________________________________________
State_____ Zip code______________________
Market value__________________ Mortgages &Liens__________________ Mos. pmt.______________
Rental income ___________________ pending sale Y_____ N_____
Address_______________________________________________________________________________
City______________________________________________
St_____ Zip code______________________
Market value____________________ Mortgages &Liens_________________ Mos.pmt.______________
Rental income ___________________ pending sale Y_____ N_____
Use continuation sheet if required for additional properties owned
Are you a U.S citizen? Y____N______
Permanent Resident Alien Y____N_____
Do you intend to occupy the property as your primary residence? Y_____N____
CO BORROWER
Simply reprint application and fill in applicable blanks
Use this page for any additional information as needed as well as any pertinent information that might be helpful in securing a loan.
Please print and complete this form and mail or fax it to us at the address and numbers on our contact page.
