This is a sample Borrower's Affidavit. A borrower's affidavit is a written statement provided at a loan closing where the loan is secured by the borrower's interest in real property. In the sworn affidavit, the borrower provides assurances regarding: The borrower's financial condition. The form may be customized to suit your needs.
Once you’ve completed your Borrower’s Affidavit, you typically send it to your lender or financial institution. They’ll guide you on the exact submission process.
Before you tackle that Affidavit, round up your financial statements, proof of income, and any relevant identification. Having your ducks in a row will save you time and hassle.
Generally, once you sign your Borrower's Affidavit, it's set in stone. If you need changes, talk to your lender; they may allow amendments if absolutely necessary.
Filling out a Borrower's Affidavit usually doesn't take too long—perhaps 30 minutes to an hour, depending on how organized your financial info is. Just gather your documents and it should be smooth sailing!