Get Form 1003 Uniform Residential Loan Application

Completing the Form 1003 Uniform Residential Loan Application online can streamline your mortgage application process. This guide will provide you with clear, step-by-step instructions to help you fill out the form efficiently and accurately.

Follow the steps to complete your loan application online.

1. Click ‘Get Form’ button to obtain the form and open it in your chosen editor.
2. Begin by filling out the type of mortgage and terms of the loan. Select the appropriate options for the mortgage type such as VA, FHA, conventional, USDA/Rural, or other. Include any relevant case numbers, interest rate, amount, and amortization type.
3. Provide property information and the purpose of the loan. Enter the subject property address, number of units, year built, and choose the loan purpose from options like purchase, refinance, or construction.
4. Input borrower's information including name, social security number, and contact details for both borrower and co-borrower if applicable. Indicate marital status and dependents, as well as the current living situation.
5. Fill out the employment information section, listing employers, job positions, duration of employment, and corresponding business contact details for both parties.
6. Detail monthly income and combined housing expenses. Input income sources and amounts for both borrower and co-borrower. Record current housing expenses and typical costs associated with property ownership.
7. Complete the assets and liabilities section. List checking and savings accounts, real estate owned, and any liabilities along with their respective values and payment amounts.
8. Provide details of the transaction including purchase price, estimated closing costs, and any additional financing needed. Make sure all necessary costs are summarized.
9. Answer the declarations section. This involves responding to questions about bankruptcies, judgments, and any financial obligations you may have.
10. Fill out the information for government monitoring purposes. This section is optional but may help in monitoring the lender's compliance with fair housing laws.
11. Once all sections are completed, save your changes. You can also download, print, or share the filled form as needed.

Get started on completing your Form 1003 Uniform Residential Loan Application online today!