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Application Form Mole Hill Community Housing Society

Application Form Mole Hill Community Housing Society

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Next, I want to talk about the loan application and figured I'd do that using an example of a loan application form. You can find an example just by doing a Google search for Fannie Mae form 1003. The form 1003 -- is what's known in the industry as the Fannie 1003, it's the Uniform Residential Loan Application. So, let's just see the information that's collected on a loan application. So, first, you find out whether it's borrower or -- borrower and a co-borrower. Then, you find the type of mortgage loan. Could be VA, FHA, conventional, all that stuff. You see the amount, the interest rate, number of months, the amortization type. You see the fixed rate, ARM, GPM, Other. Then we have -- the legal description of the property, the purpose of the loan or its purchase refinance. There is also construction financing, whether it will be a primary residence, secondary residence or just an investment property. And... that stuff. Okay, then we have

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