Get Afr Wholesale 1056 2015-2025

The AFR Wholesale 1056 form is essential for contractors requesting an initial draw for a 203k loan. This guide provides step-by-step instructions to help you accurately complete the form online, ensuring a smooth and efficient process for securing your loan.

Follow the steps to fill out the AFR Wholesale 1056 form online effectively.

1. Click ‘Get Form’ button to obtain the form and access it in the editor.
2. Enter the borrower's name in the designated field labeled 'Borrower's Name.' This should reflect the individual or entity applying for the loan.
3. Input the loan number in the corresponding field. This number is unique to the specific loan being applied for and can typically be found on loan documentation.
4. Fill in the property address, starting with the house number, followed by the street name. Ensure that this information is accurate to avoid any processing delays.
5. Complete the fields for city, state, and zip code. This information specifies the location of the property and must match the official records.
6. Review the acknowledgment statement regarding the inability to defer receipt of payment. Ensure you understand the implications of this statement.
7. Indicate your request for disbursement by stating the percentage of material/labor costs. Often, this is up to 50 percent as noted in the form.
8. Print the contractor’s name clearly in the designated section. This ensures the lender recognizes who is requesting the disbursement.
9. Sign the form in the appropriate area to validate the request. Your signature confirms the accuracy of the information provided.
10. Finally, add the date of signing, which reflects when the form was completed.
11. Once all fields are filled out correctly, you can save your changes, download the completed form, or print it for submission.

Complete your AFR Wholesale 1056 online today for a seamless loan processing experience.