Online Loan Application, online mortgage loan application

Online 1-4 Family Invest. Mortgage Loan Application

Note: Please complete the application and submit before leaving this application, otherwise if you leave while filling out the application you will loose all of your information that you have entered. Before you starting, check the Application Check List, additionally you will need your personal and real estate information.

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Mortgage Type: Fannie Mae/Freddie Mac Other

Amortization: Fixed ARM GPM Other

Term (number of years): 30 Year 20 Year 15 Year 10 Year

Mortgage Amount: $

Interest Rate: %

Subject Property Address (mandatory-please be exact):

Subject Property Legal Description (if available-please be exact):

Purpose of Loan: Purchase Refinance (rate & Term) Refinance-cash out New Construction Construction Loan Only

Property will be: Primary Residence Second Home Investment Prop. (rental)

Type of Property: Single Family 2-4 Family Condo

If Purchase, provide Sale Price: $

If New Home Construction:

Year Lot Acquired:

Original Cost: $

Amount of Existing Liens: $

Present Value of Lot: $

Cost of Improvements: $

Total cost (lot + improvements): $

If Refinance:

Year House acquired:

Original Cost: $

Amount of Existing Liens: $

Purpose of Refinance select):

Describe Improvements: any work done or is to be done

Cost of work done or will be done: $

Source of down payment and closing cost, this is mandatory (savings, checking, investments, sale of present home, please include name of institution, address, account numbers and current balance ):

Borrower:

First Middle Last

Borrower Social Security Number:

Borrower Birthday: (mm/dd/yy)

Borrower is (select):

Number of children: Ages:

Borrower Present address:

own rent

Number of years: If less than 2 years provide additional address to cover two years. Show the information in the present address box above with the time there.

Co-Borrower:

First Middle Last

Co-Borrower Social Security Number:

Co-Borrower Birthday: (mm/dd/yy)

Co-Borrower is:

Number of children: Ages:

Co-Borrower Present address:

Own Rent

Number of Years: If less than 2 years provide additional address to cover two years. Show the information in the present address box above with the time there.

Borrowers Current Employer:

Name and Address:

Phone Number:

Job description:

Years on Job: If less than 2 years provide additional Employers to cover two years. Show the information in the current employer box above with the dates (from - to) and monthly wage

Self-employed:

Co-Borrower Current Employer:

Name and Address:

Phone Number:

Job Description:

Years on Job: If less than 2 years provide additional employers to cover two years. Show the information in the current employer box above with the dates (from - to) and monthly wage.

Self-employed

List All Monthly Debt Payments, this is mandatory (to whom, loan number, required monthly payment and approximate loan balance):

(Do not include any utility bills or insurance premiums. Do include all required monthly credit cards, car loans, personal loans, child support, alimony, real estate, house or rent payments etc.)

Schedule of Real State Owned:

Please state addresses and if , type of property , market value, mortgage balances, monthly mortgage payments, and if rental along with monthly income. If more than one property state the same information for each:

Borrower Gross Monthly Income: $ You may show wages, rent income, self employment income, sales commissions, any provable income based on a two year history and will continue.

Co-Borrower Gross Monthly Income: $ You may show wages, rent income, self employment income, sales commissions, any provable income based on a two year history and will continue

Credit Score from Pre Qualify:

Borrowers Credit score:

Co-Borrower Credit Score:

Declarations:

Borrower/Co-Borrower

Yes/No Yes/No

Are there any outstanding Judgments against you?:

Have you Declared Bankrupt within the past 7 years?:

Have You been foreclosed or given title or deed in lieu thereof in the last 7 years?:

Are You A Party to Any Lawsuits?

Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgment? If so provide details.

Are You Presently delinquent or in default on any Federal debt or any other loan, mortgage, financial obligation bond, or loan guarantee? If yes give details.

Is any part of the down payment borrowed?

Are You A Co-Maker or endorser on a note?

Are you A U. S. citizen?

Are You A Permanent resident alien?

Do You Intend to occupy the property as your primary residence? If yes complete questions below.

Have you had an ownership in a property in the last three years?

What type of property did you own in the last three years?

How did you hold title to the home?

Day Time Phone Number:

Home Phone Number:

Email Address:

Rate Lock

NOTE: Interest Rate Market is Very Volatile!!!!!

Do you want to lock a Fannie Mae/Freddie Mac rate? Please call us immediately at 1-316-778-1406 during business hours as rates can change at any time. If you are working on this after business hours (9AM-4PM CST) and want to lock please check the following. Yes No If yes rates will be set as of the morning of the next business day. All locks are done on a best effort basis.

Please Read!

Note: Please fill in all applicable areas that apply as this will save much time. Additional information and forms will be required to complete an application (see Application Check List). After you have submitted the application we will require you to provide a application fee to cover the expenses ie. credit reports and appraisals, typically $600.00 and up (can vary from city to city and state to state). You will be notified as to the required application fee. Processing of a application will not be completed if we have not received the application fee. All the above and any information received is kept in the strictness of confidence. This information will not be sold or given away. By completing the application it is implied that Cornerstone Mortgage is given the approval and right to obtain a credit report on any of the Borrower(s) and Co-Borrower(s). A Good Faith Estimate and Truth In Lending will be provided as part of the Application Process 1-4 Family Investment property Fannie Mae/Freddy Mac Loans.

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