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A loan application must be documented on the Uniform Residential Loan Application (Form 1003). A complete, signed, and dated version of the final Form 1003 must always be included in the loan file. The final Form 1003 must reflect the income, assets, debts, and final loan terms used in the underwriting process.

Most mortgage lenders offer an online mortgage preapproval process, but there are some steps you should take ahead of time to get the most accurate approval possible. Leaving out or providing incorrect information could cause delays later in the mortgage process, and in some cases, result in a loan denial.

Biggest changes on the form The URLA is much longer than before. It is now 9 pages. The redesigned URLA will replace Freddie Mac Form 65 and Fannie Mae Form 1003 and will require lenders to request more borrower information than ever.

Uniform Residential Loan Application (URLA/Form 1003)

These declarations set out what you can expect from us when you make an application to take out a mortgage with us ? and what we ask of you, to help us process your application and keep your mortgage running smoothly. Page 3. Case ID. Date. 6.

Known as the Uniform Residential Loan Application (or the 1003, after its Fannie Mae form number), this five-page document provides a lender with the basic information needed to approve a buyer.

The 1003 loan application, or Uniform Residential Loan Application, is the standardized form most mortgage lenders in the U.S. use. The application asks questions about the borrower's employment, income, assets, and debts, as well as requiring information about the property.

The Actual Application It's only four pages long (five if you count the blank one at the end). You'll supply information about your identification, the property, and your income, assets and credit use. The lender will help you complete this.