Get Afc Loan Application Form

Completing the Afc Loan Application Form online is a crucial step in securing your loan. This guide will provide you with step-by-step instructions to ensure that you fill out the form accurately and efficiently.

Follow the steps to successfully complete your application

1. Click ‘Get Form’ button to access the application form and open it in your preferred online editor.
2. Provide the legal description of the land offered as security. Ensure to include a copy of the deed or survey along with any subdivision covenants or plats if applicable.
3. Fill out the application for the loan. Be sure to complete all fields and sign the document. If there are multiple applicants, submit a separate application form for each individual, except for partners.
4. Attach a financial statement that outlines your financial position. You may complete one of the required forms that detail your liabilities and lender information.
5. Include the authorization for release of credit and employment information. Each applicant must sign the authorization.
6. If requesting a loan of more than $400,000, provide photocopies of your financial documents such as bank statements and securities.
7. Verify your income by supplying copies of your state and federal tax returns as specified. For loans up to $400,000, include your most recent pay stub and tax returns for the previous year or the last three years if self-employed.
8. Outline your projected income and expenses if applicable. Make note of any significant changes from past operations.
9. For partnerships or corporations, provide a complete financial statement plus the required tax returns and organizational documents.
10. Include a photocopy of your current government-issued picture ID, such as a driver's license.
11. If your proposed loan is for construction, submit a complete set of signed plans and specifications along with any applicable contracts.
12. For purchase money transactions, provide a copy of the sales contract.
13. Indicate your interest in credit life insurance if desired.
14. After reviewing your completed application, you can save changes, download the form, print it, or share it as needed.

Take the next step towards securing your loan and complete your Afc Loan Application Form online today.