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Get Lender Do Not Reduce This Form
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How to fill out the LENDER Do Not Reduce This Form online
Completing the LENDER Do Not Reduce This Form online can seem daunting, but following the right steps can simplify the process. This guide provides a comprehensive overview of each section of the form, ensuring that every user has the tools needed to fill it out accurately and efficiently.
Follow the steps to successfully complete the form.
- Click the ‘Get Form’ button to obtain the form and open it in your preferred document editor.
- Begin filling out the Buyer Profile section. Enter the THDA Loan number assigned to you, followed by the primary borrower's name. Ensure that all names and numbers are entered accurately to avoid delays.
- Continue with the OA Name and OA Number fields. These identifiers help relate your submission to your specific case or application.
- List the names of individuals involved, such as your appraiser and listing agent. Ensure you also include their license numbers where required, as this information is crucial for verification purposes.
- In the Family Characteristics section, provide relevant details such as the number of people residing in the household, the race of the primary borrower, and marital status. Select options that correspond to your situation.
- For Current Housing Characteristics, indicate your housing status by selecting the appropriate option. Include any prior home ownership history and your current housing payments.
- Detail the Subject Housing Characteristics, including approximate square footage and year built. Make sure to select the correct construction type from the list provided.
- Complete the Marketing source section by indicating how you learned about the loan program. Your answer may assist in analyzing outreach efforts.
- Fill out the Geography section by providing the county of the home purchase and confirming if it is located in a Targeted County or Census Tract.
- In the Miscellaneous section, input annual household income and potential limits for home acquisition costs. This information is fundamental in establishing eligibility.
- Review all entries for accuracy and completeness, making necessary corrections before finalizing your submission.
- Once your form is complete, ensure to save your changes. You may then download and print the form or share it electronically as required.
Start filling out your LENDER Do Not Reduce This Form online today to take the next step in your home financing journey.
SBA form 1502 field descriptions. This form is to be completed monthly by Lenders participating in SBA's 7(a) loan program in order to collect payment and loan information. Completed forms must be submitted to SBA's 7(a) Fiscal and Transfer Agent.
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