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Before applying for a mortgage loan, you may wish to get prequalified by submitting some basic information. When actually applying for a loan with Walden Mortgage Group, the first
step is to complete a loan application (instructions appear below) along with all applicable disclosures, and submit in person or via fax at 859.514.5555.
Once you have completed your application and printed and signed all applicable disclosures, you can fax all that information to your loan officer along with copies of the following:
- Driver’s license
- Social Security card
- Your last two paycheck stubs
- W-2’s for past 2 years
- Bank Statements (all pages) for prior 2 months
Once you have completed a loan application, your information will be sent to Walden Mortgage Group, LLC. By submitting your application, you are authorizing Walden Mortgage Group, LLC to obtain a credit report. All non-public information you provide will be protected and owned by Walden Mortgage Group, LLC. A representative from the company may contact you by telephone. By submitting your application you are consenting to receive telephone calls from the company.
Required Disclosures
All Loans
In addition, if you are applying for a FHA or VA loan, please also print and sign the corresponding disclosures below.
FHA Loans (in addition to "All Loans" disclosures above)
VA Loans (in addition to "All Loans" disclosures above)
Instructions for completing each section of the uniform residential loan application.
***A common rule is that all information listed on
the application is on a monthly basis.***
Section I. Type of Mortgage and Terms of Loan
This portion of the loan application can be left blank, and will be
completed by your loan officer, upon agreement of a program and
rate.
Section II. Property Information and Purpose of Loan
Please complete this section. Depending on whether you are
purchasing or refinancing will determine which sections to complete.
For a purchase, complete the following: the property address, year
built, purpose of loan, property will be, title will be held in what
Name(s), manner in which title will be held (i.e. Sole and Separate,
Joint Tenants with Right of Survivorship, Community Property with
Right of Survivorship, etc…), and source of down payment (i.e. sale
of home, savings, etc.)
For a refinance, complete the following: the property address, year
built, purpose of loan, property will be, year acquired, original
cost, purpose of refinance, describe improvements, title will be
held in what Name(s), manner in which title will be held (i.e. Sole
and Separate, Joint Tenants with Right of Survivorship, Community
Property with Right of Survivorship, etc…), and source of down
payment (i.e. sale of home, savings, etc.)
Section III. Borrower Information
Please complete all of this section. Please remember to include at
least two years of residence history. Any portions left blank will
have to be completed upon receipt of the application by your loan
officer.
Section IV. Employment Information
Please complete all of this section. Again, please remember to
include at least two years of continuous employment history. We will
need your employers mailing address and a phone number.
Section V. Monthly income and combined housing expense income.
This section can be left blank and will be completed by your loan
officer upon review of your paystubs, W2s or tax returns, whichever
he/she requests.
Section VI. Assets and Liabilities
Page 2
Under the assets section, please list all checking, savings, money
market, 401K, retirement accounts, etc. We will need all account
numbers. Also, please list any automobiles owned, and any other
assets (i.e. personal property value).
Under the liabilities, please list any accounts with balances, along
with the loan/account numbers (i.e. mortgages, automobile loans,
credit cards, students loans, personal lines of credit, etc.) When
listing your monthly payments, please remember that these should be
your required minimum payments, regardless of what you pay each
month.
Also, if you are responsible for paying alimony or child support,
please list the amount and whom you pay each month.
Page 3
Please list all real estate owned. In the first column,
Column #1: Please list the address(es).
Column #2: Property Status. This would include owner occupied (O/O),
sold (S), pending sale (P/S), or a rental (R).
Column #3: Type of property. This would include Single Family
Residence (SFR), Condo, Townhouse, Land, etc.
Column #4: Present Market Value. Please give us an estimate of the
property value.
Column #5: Amount of Mortgages and liens. Please total the principal
balances that you owe on each property and enter in this column.
Column #6: Gross Rental Income. If your property is a rental, please
list the monthly income you receive according to the rental
agreement.
Column #7: Mortgage payments. Please total the amount of your
monthly mortgage payments and list in this column.
Column #8: Insurance, Maintenance, Taxes & Misc. Please total the
monthly payments of your insurance, taxes, HOA fees, etc. and list
in this column. If your taxes and insurance are impounded in your
monthly mortgage payment, please leave this section blank.
Column #9: Please leave this section blank to be completed by your
loan officer.
Section VII. Details of Transaction.
This portion of the loan application can be left blank, and will be
completed by your loan officer.
Section VIII. Declarations.
Please check all boxes that apply.
Section IX. Acknowledgement and Agreement.
Please sign and date this section.
Section X. Information for Government Monitoring Purposes.
Please check all boxes that apply.
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