Illinois Proof of Residency for Mortgage

• Category: Affidavits - Proofs of Residence
• State: Multi-State
• Control #: US-02177BG-9
• Format: Word; Rich Text

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). The person making the signed statement (affiant) takes an oath that the contents are, to the best of their knowledge is true. Illinois Proof of Residency for Mortgage is a documentation required by lenders or financial institutions when applying for a mortgage loan in the state of Illinois. This documentation verifies that the borrower is a resident of Illinois and is eligible to obtain a mortgage loan. To apply for a mortgage in Illinois, the borrower must provide a valid proof of residency document. Acceptable proof of residency documents may vary depending on the lender, but typically include: 1. Illinois Driver's License or State ID: A valid Illinois driver's license or state ID with the borrower's current address is commonly accepted as proof of residency. The address on the license or ID must match the address provided on the mortgage application. 2. Utility Bills: Utility bills such as water, gas, electricity, or cable bills in the borrower's name and showing the current address can serve as proof of residency. These bills must be recent, typically within the last three months. 3. Lease or Rental Agreement: A current lease or rental agreement is often accepted as proof of residency. It should clearly state the borrower's name, the property address, and the lease term. 4. Bank Statements: Some lenders may accept bank statements as proof of residency if they clearly display the borrower's name and current address. These statements should be recent, usually within the last three months. 5. Voter Registration Card: A voter registration card issued by the Illinois Board of Elections that shows the borrower's current address can also be used as proof of residency. It is essential to keep in mind that different lenders may have specific requirements, and it is crucial to consult with the lender or mortgage professional to determine the acceptable forms of proof of residency for each individual case. Gathering the necessary documentation beforehand will help streamline the mortgage application process and avoid delays.

Illinois Proof of Residency for Mortgage is a documentation required by lenders or financial institutions when applying for a mortgage loan in the state of Illinois. This documentation verifies that the borrower is a resident of Illinois and is eligible to obtain a mortgage loan. To apply for a mortgage in Illinois, the borrower must provide a valid proof of residency document. Acceptable proof of residency documents may vary depending on the lender, but typically include: 1. Illinois Driver's License or State ID: A valid Illinois driver's license or state ID with the borrower's current address is commonly accepted as proof of residency. The address on the license or ID must match the address provided on the mortgage application. 2. Utility Bills: Utility bills such as water, gas, electricity, or cable bills in the borrower's name and showing the current address can serve as proof of residency. These bills must be recent, typically within the last three months. 3. Lease or Rental Agreement: A current lease or rental agreement is often accepted as proof of residency. It should clearly state the borrower's name, the property address, and the lease term. 4. Bank Statements: Some lenders may accept bank statements as proof of residency if they clearly display the borrower's name and current address. These statements should be recent, usually within the last three months. 5. Voter Registration Card: A voter registration card issued by the Illinois Board of Elections that shows the borrower's current address can also be used as proof of residency. It is essential to keep in mind that different lenders may have specific requirements, and it is crucial to consult with the lender or mortgage professional to determine the acceptable forms of proof of residency for each individual case. Gathering the necessary documentation beforehand will help streamline the mortgage application process and avoid delays.