Get Fannie Mae/freddie Mac 3502 2020-2025

Filling out the Fannie Mae/Freddie Mac 3502 form correctly is essential for managing your adjustable-rate mortgage effectively. This guide provides a straightforward, step-by-step approach to help users navigate the online form with ease and confidence.

Follow the steps to complete the form accurately and efficiently.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the date in the designated field located at the top of the form. This should reflect the date when you are completing the document.
3. Input the city and state where the property is located in the appropriate fields.
4. Fill out the property address, ensuring to include accurate information to avoid any issues later.
5. In the Borrower’s Promise to Pay section, input the principal amount of the loan you are receiving. Make sure this is correct as it forms the basis of your mortgage.
6. Provide the lender's name as required in the corresponding field. This is typically your mortgage company or bank.
7. Describe the interest rate you are agreeing to, which will be expressed as a percentage in the specified field.
8. Fill out the monthly payment details, including the starting date of payments and the amount of the initial monthly payment.
9. Specify the Change Dates and provide necessary details regarding the Index value and Margin percentages.
10. Review all sections for accuracy before proceeding to save your work.
11. Once you have completed the form, ensure to save changes, download, print or share the form as needed.

Start completing your documents online now for a streamlined experience.