Get Bofa Form 1431 Uniform Residential Loan Application 2004-2025

The BofA Form 1431 Uniform Residential Loan Application is essential for individuals seeking a mortgage. This guide will provide you with comprehensive, step-by-step instructions to assist you in completing the form online with confidence.

Follow the steps to fill out the BofA Form 1431 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin with Section I, where you will select the type of mortgage you are applying for, such as VA, FHA, or Conventional. Ensure you fill in the interest rate and amount required.
3. Proceed to Section II to provide property information. Enter the subject property address, year built, and property type, selecting options like single-family residence or manufactured home.
4. In this section, also clarify the purpose of the loan, whether it’s for purchase, refinance, or construction, and indicate if the property will be a primary residence or investment.
5. Next, move to Section III, where you enter borrower information. Fill in your name, Social Security number, home phone number, and date of birth. Make sure to provide details about dependents and current address.
6. In Section IV, fill in employment information for both the borrower and co-borrower. Include employer names, addresses, positions, and years employed.
7. Then, navigate to Section V to document monthly income and combined housing expense. Clearly list all sources of income, including base employment income, bonuses, and rental income.
8. Complete Section VI by detailing your assets and liabilities. List bank accounts, total outstanding debts, and other financial details in the provided sections.
9. In Section VII, fill out the details of the transaction, such as purchase price and estimated closing costs.
10. Move to Section VIII, the declarations section. Carefully respond to each question regarding past financial obligations.
11. Finally, review Section IX for acknowledgments. Provide your digital signature and date before submitting the form. Ensure all information is accurate.
12. After filling out all sections, it is advisable to review your entries for accuracy. Save your changes, and once you are satisfied, download, print, or share the form as required.

Begin completing your BofA Form 1431 online today!