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The Membrane Domain

HOME PURCHASE LOAN APPLICATION


This section is restricted to the people buying a primarty residence properly zoned for residential occupancy. By completing this section you authorize Shelter Mortgage Corporation to obtain a credit report in your names for mortgage application purpose only. Completing this information does not guarantee any interest rate or loan approval. The RESPA Act prohibits lenders from distributing credit reports to any third party. there will be a $300.00 or $325.00 application fee required to begin the final processing of your paperwork. To lock in or establish your interest rate on your loan one point or 1% of the loan amount must be returned along with the application paperwork.

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against applicants on the basis of race, color, religion, national origin, sex, marital status or age.


Home Purchase Loan application Form


Personal Information:

BORROWER CO-BORROWER

Full Name
Address
Do you own or rent Own Rent Own Rent
Live with relatives Live with relatives
How long have you lived here
How much is your current housing expense
What type of mortgage?
Previous Address (If less than 2 yrs at current address)
Did you own or rent Own Rent Own Rent
Live with relatives Live with relatives
How long did you lived there
Social Security Number
Home Phone Number
Work Phone Number
E-Mail Address
Age
Sex Male Female Male Female
Years of schooling
Number of dependents
Ages of dependents
Marital Status Married Seperated Married Seperated
Unmarried Unmarried
Are you a U.S. citizen Yes No Yes No
If not,do you have a green card Yes No Yes No
Are you obligated to pay alimony or child support Yes No Yes No
The following information is requested by the Federal Government in order to monitor the lender's compliance with Equal Credit Opportunity, Fair Housing and Home Mortgage Disclosure Laws. The law provides that a lender may not discriminate on the basis of this information.
Race/National Origin American Indian or American Indian or Alaskan Native Alaskan Native Black, not of Hispanic origin Black, not of Hispanic origin Hispanic Hispanic Asian or Pacific Islander Asian or Pacific Islander White, not of Hispanic origin White, not of Hispanic origin


Property Information

Address for property being purchased

Sale price

Annual taxes

Has the seller accepted the contract? Yes No

Is the property single family duplex triplex

Will you use the property as primary residence vacation home investment

Is this property a condominium townhome fee simple home

Is there an association fee? Yes No

If yes, How much monthly?

Who is the Realtor that helped to complete the contact?
Company and Address Agent Phone number

Who is the Realtor that had listed the property for sale?
Company and Address Agent Phone number


Employment Information:

Borrower's Employer Name & Address:

Position:

How long employed here:
Gross Monthly Salary: Self Employed

Co-Borrower's Employer Name & Address:

Position:
How long employed here:
Gross Monthly Salary: Self Employed

Please complete this section if you have been with your current employer for less than 2 years:

Borrower's Previous Employer Name & Address:

Position:
Dates employed here: to
Gross Monthly Salary: Self Employed

Co-Borrower's Previous Employer Name & Address:

Position:
Dates employed here: to
Gross Monthly Salary: Self Employed

Please complete this section for a 2nd job or additional employers


Borrower's Second Employer Name & Address:

Position:
Dates employed here: to .
Gross Monthly Salary: Self Employed

Co-Borrower's Second Employer Name & Address:

Position:
Dates employed here: to
Gross Monthly Salary: Self Employed


Asset Information:

For this section, please only give approximate figures in each account area. There is no need to give account numbers in which the monies reside.

Amount Institution

Savings:
Checking:
Money Markets:
401K Plans:
Mutual Funds:
Stocks & Bonds:

Any other liquid assets you feel are applicable:

Are any of the above stated funds not to be used for purchase of new real estate:

Do you have any potential gift monies coming from a family member?
YES
NO
What is their relationship to you?
If ,YES, what would the amount be?


Debt Information:

The following debt information is a critical aspect of this financial analysis. We will give you several general categories of possible revolving debt to fill in. These may not be all-inclusive, so please use the 'other' section to include your unique situation. Revolving debt is defined as any constant, monthly payments you make. (ie: car payments, home equity loan, school loans, credit cards...)

Please give both the current total balance of the debt as well as the current monthly payment.

Type of Account Approx. Balance Monthly Payment
Combined Credit Cards:
Car Loan:
Car Loan:
School Loan:
School Loan:
Personal Loans:
1st Mortgage
2nd Mortgage

Please continue with any other revolving debts you may have that do not fit in the categories listed above:

Have you ever been previously married?
YES
NO
If ,YES, is there any allimony/child support, and how much on a monthly basis?

How long will payments continue ?


If you currently own will you be selling this property prior to buying the new property?
YES
NO


If you are selling/or will sell this property prior to your new purchase, what will the approx. net proceeds equal?


If you are not selling this property, what will your total monthly cost be to maintain it (ie: loan payments, taxes & Insurance)

If you own a second or third home please give the same info for them in the space provided below:


Disclosure Information:

Will you occupy the new premises?
YES
NO

Have you in the last 7 years declared bankruptcy, suffered foreclosure, had an account assigned for collection or had any legal action affecting your ability to finance?
YES
NO
If, YES, explain below:

Are you a US citizen ?
YES
NO

If NO, are you a US Resident Alien?
YES
NO

Do you have Vetern status ?
YES
NO

If YES, are you a reservist?
YES
NO

Is any part of the purchase price or settlement cost being obtained from a source other than shown?
YES
NO

If you answered "YES" and the money in question is other than monies mentioned in the gift section above, please describe below:


Mortgage Options

Please complete the following section to indicate your preference for your financing. Your mortgage councilor will be calling you to answer any questions and confirm your selections. At that time you will be given instructions on how to lock in on current interest rates.

How long do you think that you will own the new home that you are financing? 0-5 years 10-15 years 5-10 years 15 or more years

What mortgage term do you prefer? 10 years15 years20 years30 years

How many points are you considering? NoneOneTwoThree

What loan program are you considering? Fixed 1 year arm FHA 3/1 year arm VA 5 or 7 year arm Buydown COFI adjustable 5 or 7 year balloon Other

How much of a loan are you requesting?

Completing this information does not guarantee mortgage approval. this should not be considered an extension of credit. I/We hereby authorize Shelter Mortgage Services to obtgain a credit report in my/our names, for mortgage application purposes only. The RESPA Act prohibits lenders from distributing credit reports to any third party. Please run my credit Do Not run my credit


Thank you for taking the time to review and complete this form.
We at Shelter Mortgage believe it will be an excellent start in acquiring your
new home. Simply click on the "submit request" button below to continue.

To view a list of documents required for a loan application

Click here


Thank you.


Licensed Mortgage Banker: PA Dept. of Banking
Licensed Mortgage Banker: NJ Dept. of Banking
Licensed Mortgage Banker: DE Dept. of Banking

Equal Housing Opportunity


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