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Uniform Residential Loan Application ... (including the Borrower's spouse) will be used as a basis for loan ... I. TYPE OF MORTGAGE AND TERMS OF LOAN. II.

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What type of information is asked for in the declarations section VIII on a uniform residential loan application? The address of the home, the number of units and the estimated home value. Whether you intend to live in the home, rent it out or use it as a second home.

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. Rental income for two- to four-unit primary residence or investment property.

Lenders use the Uniform Residential Loan Application or Form 1003 to evaluate and determine your creditworthiness when applying for a home loan. This form is designed to help lenders make more informed decisions when extending mortgages to borrowers.

When filling out this application, you'll be asked to supply an array of personal information, including your Social Security number, date of birth, marital status, address, monthly income, work history, assets and liabilities. Lenders in the U.S. have used the URLA for more than 20 years.

Employment and income information Employment Status. Work phone number. Employer name. Gross monthly income amount and source(s) of income (all sources you want considered for your loan) Monthly mortgage or rent payment amount.

Which of the following is true of the Uniform Residential Loan Application? It must be used for all residential loans, regardless of the size of the property. It is FNMA form 1003 or FHLMC form 65, and it may be used for conforming, nonconforming, FHA and VA loans.

The URLA (also known as the Freddie Mac Form 65 / Fannie Mae Form 1003) is a standardized document used by borrowers to apply for a mortgage. The URLA is jointly published by the GSEs and has been in use for more than 40 years in all U.S. States and Territories.

Uniform Residential Loan Application is a standardized loan form used in the mortgage industry. This form is called a 1003 form, it requires that borrowers fill out all necessary information before a loan can be established between a lender and the borrower.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232