This form is furnished to give you a statement of actual settlement costs. You itemize deductions.• You claim tax credits other than the family income tax credit, the property tax credit or the credit for increased excise taxes. You can find a sample form here. What's on a Mortgage Interest Statement. Arizona Mortgage Deed Template. You can deduct the interest that you pay on your mortgage loan if the loan meets IRS mortgage requirements. The FDIC may be able to assist you in obtaining a lien release if the request is for a customer of a failed bank that was placed into FDIC receivership. Before filling out a mortgage application, read these tips on how to apply for a home loan and find out how to boost your chances of getting preapproved. Use SmartAsset's free Arizona mortgage loan calculator to determine your monthly payments, including PMI, homeowners insurance, taxes, interest and more.