Get Rlcc-1.qxd. Uniform Residential Loan Application - Southcom

The uniform residential loan application is a form designed by Fannie Mae and Freddie Mac, government-sponsored enterprises (GSE) that support the mortgage market. The form was created to collect the information lenders need to assess your creditworthiness for a mortgage loan.

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 Lender may use the Unmarried Addendum only when a Borrower selected “Unmarried” in Section 1 and the information collected is necessary to determine how State property laws directly or indirectly affecting creditworthiness apply, including ensuring clear title.

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.

5:14 17:54 How to fill out a Uniform Residential Loan Application, Fannie Mae 1003 ... YouTube Start of suggested clip End of suggested clip This is information about you the prospective borrower pretty self-explanatory your name your coreMoreThis is information about you the prospective borrower pretty self-explanatory your name your core borrower's name the code borrower it needs to be related. So if it's your spouse you'll put your

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.