What personal information about the borrower is included in the Uniform Residential loan Application quizlet?

Terms in this set (88)Borrower's name.Borrower's monthly income.Borrower's social security number to obtain a credit report.Property address.Estimate of the value of the property.Mortgage loan amount.

Do you intend to occupy the property as your primary residence answer?

A home is considered your primary residence if you live there for the majority of the year, typically six or more months. Additionally, while you're not living in the home, you can't rent it out to a tenant. When purchasing a home you intend to live in, it's considered owner-occupied in the eyes of the lender.

US Legal Forms
Uniform Residential Loan Application - Getting Your Loan
Uniform Residential Loan Application

Blank Uniform Residential Loan Application With 1003

Name: Blank Uniform Residential Loan Application With 1003
Brand: US Legal Forms
Rating: 4.71 (232 reviews)

Category:

Real Estate - Contracts - Pre-Closing

State:

Multi-State

Control #:

US-CLOSE14

Format:

Instant download

Description Uniform Residential Loan Application Form

Uniform Residential Loan Application: This is an official Federal District Court form that complies with all applicable Federal codes and statutes. USLF amends and updates all Federal forms as is required by Federal statutes and law.

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FAQ

Documenting the Loan ApplicationA complete, signed, and dated version of the final Form 1003 must always be included in the loan file. The final Form 1003 must reflect the income, assets, debts, and final loan terms used in the underwriting process.

Loan officers are required to provide you with a Loan Estimate once you have provided:your name,your income,your Social Security number (so the lender can pull a credit report),the property address,an estimate of the value of the property, and.the desired loan amount.

Terms in this set (88)Borrower's name.Borrower's monthly income.Borrower's social security number to obtain a credit report.Property address.Estimate of the value of the property.Mortgage loan amount.

Details that must be provided in this section are:Property address.Property value.Status of property (sold, pending sale, retained)Intended occupancy (investment, primary residence, second home, other)Monthly expenses (such as insurance, taxes and HOA dues) not included in mortgage payment.More items...?

A home is considered your primary residence if you live there for the majority of the year, typically six or more months. Additionally, while you're not living in the home, you can't rent it out to a tenant. When purchasing a home you intend to live in, it's considered owner-occupied in the eyes of the lender.

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The 1003 loan application, or Uniform Residential Loan Application, is the standardized form most mortgage lenders in the U.S. use. Downloadable Blank 1003 - Residential Uniform Loan Application - All Required Pages.Courtesy of Foundation Mortgage Corporation. Uniform Residential Loan Application - Borrower. Freddie Mac Form 65 Fannie Mae Form 1003. The Agency Case Number is used for VA, FHA and RHS loans and is completed later when that number is assigned. Instructions for Completing the Uniform Residential Loan Application.

Blank Uniform Residential Loan Application With 1003

Description Uniform Residential Loan Application Form

Uniform Residential Real Estate Application Form Related forms

How to fill out Blank Uniform Residential Loan Application With 1003?

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Does the final 1003 need to be signed by the loan officer?

What information needs to be provided on a loan application?

What personal information about the borrower is included in the Uniform Residential loan Application quizlet?

What information is included in the Uniform Residential loan Application?

Do you intend to occupy the property as your primary residence answer?

Interesting Questions

What is a Blank Uniform Residential Loan Application (Form 1003)?

Why is the Blank Uniform Residential Loan Application (Form 1003) important?

What information does the Blank Uniform Residential Loan Application (Form 1003) require?

Do I need to fill out the Blank Uniform Residential Loan Application (Form 1003) myself?

Is the Blank Uniform Residential Loan Application (Form 1003) the same in all states?

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