FHA Fixed Rate Mortgage Loan Application Kit

Transcription

1 FHA Fixed Rate Mortgage Loan Application Kit Thank you for your interest in Columbia Bank s mortgage products. To help expedite the processing of your loan application, please be sure that: You review the application instructions carefully, Your application package is fully completed and signed, All of the forms and disclosures in the application kit are completed and signed, The required documentation (as outlined in the Application Instructions) is included with your application submission, Your completed application package is forwarded to: Columbia Bank Attn: Mortgage Dept Route 208 North Fair Lawn, NJ References to other resources that you may find useful are included below: Federal Reserve Brochure: 5 Tips for Shopping for a Mortgage ( Federal Reserve Brochure: A Consumer's Guide to Mortgage Refinancings ( Federal Reserve Brochure: A Consumer's Guide to Mortgage Lock-Ins ( Federal Reserve Brochure: A Consumer's Guide to Mortgage Settlement Costs ( If you have any questions, please contact us at and we will be happy to assist you. Thank you for the opportunity to serve you.

2 APPLICATION INSTRUCTIONS IF YOU HAVE ANY QUESTIONS PLEASE CONTACT US AT: IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver s license or other identifying documents. To help expedite the processing of your loan application, please complete the following checklist and provide the required documentation with your application submission. Please check the corresponding box indicating that the information is enclosed or mark the box with a N/A if the item is not applicable. We will not be able to process an incomplete loan application. 1 Your application should be completed in its entirety and signed. Please print clearly or type. 2 Please complete, sign and date all of the enclosed forms. 3 Please sign the Verification Authorization (in all three sections). 4 Please sign and date the Interest Rate Lock-In Policy and Agreement Acknowledgement. Please note this form needs to be completed regardless of whether you wish to lock in your interest rate. 5 Please complete the Property Description Sheet. Please be sure to furnish all of the necessary information. Please advise the Contact Person that the appraiser will be contacting him / her about the appraisal (as access to the property may be required). 6 Please submit an executed final copy of the sales contact (including all addendums and attachments). This requirement is only applicable if you are purchasing a property. If the transaction is a refinance, and you do not currently have your mortgage with Columbia Bank, please submit a copy of your tax bill and homeowner s insurance bill. 7 If you are selling your current residence, please submit a executed final copy of the sales contract. 8 If you are self employed please submit complete and signed copies of your federal tax returns (both personal and business returns) for the two most recent years. Please be sure that the tax returns are signed and that they include all schedules and addendums. 9 If you are not self employed please submit copies of your W-2 s for the two most recent years. Please note that if your employer participates in the work number for employment verification services, you will be required to provide us with a salary key code in order to verify your income. If you have retirement income or investment income, we will require proof of that income. 10 Please submit consecutive copies of your pay stubs for the two most recent pay periods. 11 Please be sure that each applicant and co-applicant signs the enclosed IRS 4506T form. This form will be used to request transcripts of your tax returns from the IRS. If the applicant and co-applicant did not file a joint tax return, you will need to print and complete an additional copy of this form. 12 Please submit complete copies of your two most recent statements for all accounts (e.g., bank, brokerage, 401K, etc.) listed on your application. 13 If you own additional properties including a vacation residence or investment property please submit a copy of your tax bill and insurance bill for each property. 14 Please forward all of the above noted information to: Columbia Bank Attn: Mortgage Dept Route 208 North Fair Lawn, NJ V 1/11 Page 1 of 3

3 Columbia Bank reserves the right to request additional information to process your loan application. FEE INFORMATION 1 Family and Condos 2-4 Family Payable When Application Fee (1) th business day from Columbia s receipt of the Application. Flood Certification Fee th business day from Columbia s receipt of the Application. Appraisal Fee (2) (except FHA) FHA (except FHA) FHA Lock-in or commitment whichever occurs first. Credit Report Fee (3) Married Joint Married Joint Lock-in or commitment whichever Real Estate Tax Service (n/a FHA) Up to 499, Individual Individual occurs first Payable at closing. (1) If you have applied for a loan under the Pre-Approval Certificate Program, the fees payable at application and commitment (listed above) are payable on the 7 th business day from Columbia Bank s receipt of the Application. (2) For loan amounts greater than 750,000 to 1,500,000, the fee will be For loan amounts greater than 1,500,000, 2 appraisals will be ordered. The appraisal fee for loan amounts greater than 1,500,000 will be 1, (3) For each additional applicant beyond an individual or married joint, an additional Credit Report Fee will be charged as noted above. For each business credit report, the fee is (4) Or if you are refinancing your Columbia Bank first mortgage. For the Tax Service Fee on loans greater than 499,999.99, please ask your mortgage representative. There is no Tax Service Fee charged for FHA loans. The above fees are not refundable and subject to change at any time. V 1/11 Page 2 of 3

4 FREQUENTLY ASKED QUESTIONS WHAT TO DO NOW? Please review your entire application package making sure that all of the required forms are properly completed and that all of the requested information (as outlined in the Application Instructions) is included in your application submission. This will help us process your loan request in a timelier manner. WHAT IS THE NEXT STEP? Shortly after we receive your loan application package, we will issue you a Good Faith Estimate (GFE) and Truth in Lending (TIL) disclosure. If you would like to proceed with your loan application, once you receive these disclosures you should: 1. Review these disclosures carefully, 2. Sign the Certificate of Receipt of Good Faith Estimate and Intent to Proceed (Intent to Proceed) form, 3. Return the signed form with the required fees. IMPORTANT: Please be advised that we will not be able to process your loan request unless you return the Intent to Proceed form along with the required fees. The earliest you may submit these items is seven (7) business days from Columbia Bank s receipt of the application. WHEN CAN I LOCK MY RATE? Columbia Bank will set your interest rate on the day that we receive your application. The earliest that you may lock your interest rate is the 7 th business day (Saturday is considered a business day) from the date we receive your application. If you do not choose to lock in your rate by the 10 th business day of the date that we received your application, your interest rate will float. You may then elect to lock in your interest rate at any time prior to commitment. HOW CAN I LOCK MY RATE? To lock in your rate please perform the following actions: 1. Review the enclosed Interest Rate Lock-In Policy and Agreement. 2. Complete page three (3) signing where indicated, 3. Please be sure to submit the required lock-in fee 4. Please return the form and the required fees to Columbia Bank. WHO CAN I CALL FOR HELP? If you have any questions, or need any assistance in completing your loan application package, please contact us at to speak with someone in our customer service area. Monday through Friday Saturday Sunday 7:00 am to 9:00 pm (EST) 8:00 am to 4:00 pm (EST) Closed V 1/11 Page 3 of 3

5 Uniform Residential Loan Application This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as Borrower or Co-Borrower, as applicable. Co-Borrower information must also be provided (and the appropriate box checked) when the income or assets of a person other than the Borrower (including the Borrower s spouse) will be used as a basis for loan qualification or the income or assets of the Borrower s spouse or other person who has community property rights pursuant to state law will not be used as a basis for loan qualification, but his or her liabilities must be considered because the spouse or other person has community property rights pursuant to applicable law and Borrower resides in a community property state, the security property is located in a community property state, or the Borrower is relying on other property located in a community property state as a basis for repayment of the loan. If this is an application for joint credit, Borrower and Co-Borrower each agree that we intend to apply for joint credit (sign below). Borrower Mortgage VA Conventional Other (explain): Applied for: FHA USDA/Rural Housing Service Amount Interest Rate % Co-Borrower I. TYPE OF MORTGAGE AND TERMS OF LOAN Agency Case Number No. of Months Amortization Fixed Rate Other (explain): Type: GPM ARM (type): II. PROPERTY INFORMATION AND PURPOSE OF LOAN Subject Property Address (street, city, state, & ZIP) County: Legal Description of Subject Property (attach description if necessary) Lender Case Number No. of Units Year Built Purpose of Loan: Purchase Construction Other (explain): Property will be: Refinance Construction-Permanent Primary Secondary Investment Residence Residence Complete this line if construction or construction-permanent loan. Year Lot Acquired Original Cost Amount Existing Liens (a) Present Value of Lot (b) Cost of Improvements Total (a+b) Complete this line if this is a refinance loan. Year Acquired Original Cost Amount Existing Liens Purpose of Refinance Describe Improvements made to be made Cost Title will be held in what Name(s) Manner in which Title will be held Source of Down Payment, Settlement Charges and/or Subordinate Financing (explain) Estate will be held in: Fee Simple Leasehold (show expiration date) Borrower III. BORROWER INFORMATION Co-Borrower Borrower s Name (include Jr. or Sr. if applicable) Co-Borrower s Name (include Jr. or Sr. if applicable) Social Security Number Home Phone (incl. area code) DOB (MM/DD/YYYY) Yrs. School Social Security Number Home Phone (incl. area code) DOB (MM/DD/YYYY) Yrs. School // // Married Unmarried (include single, Dependents (not listed by Co-Borrower) Married Unmarried (include single Dependents (not listed by Borrower) divorced, widowed) no. ages divorced, widowed) Separated Separated no. ages Present Address (street, city, state, ZIP) Own Rent No. Yrs. Present Address (street, city, state, ZIP) Own Rent No. Yrs. Mailing Address, if different from Present Address Mailing Address, if different from Present Address If residing at present address for less than two years, complete the following: Former Address (street, city, state, ZIP) Own Rent No. Yrs. Former Address (street, city, state, ZIP) Own Rent No. Yrs. Name & Address of Employer Borrower IV. EMPLOYMENT INFORMATION Co-Borrower Self Employed Yrs. on this job Yrs. employed in this line of work/profession Name & Address of Employer Self Employed Yrs. on this job Yrs. employed in this line of work/profession Position/Title/Type of Business Business Phone (incl. area code) Position/Title/Type of Business Business Phone (incl. area code) If employed in current position for less than two years or if currently employed in more than one position, complete the following: Uniform Residential Loan Application Freddie Mac Form 65 7/05 (rev.6/09) Page 1 of 5 Fannie Mae Form /05 (rev.6/09) 1003 Page 1 (Letter) ~ 04/2010 ~ Encompass360 TM

6 Borrower IV. EMPLOYMENT INFORMATION Co-Borrower Name & Address of Employer Self Employed Dates (from-to) Name & Address of Employer Self Employed Dates (from-to) Monthly Income Monthly Income Position/Title/Type of Business Business Phone (incl. area code) Position/Title/Type of Business Business Phone (incl. area code) Name & Address of Employer Self Employed Dates (from-to) Name & Address of Employer Self Employed Dates (from-to) Monthly Income Monthly Income Position/Title/Type of Business Business Phone (incl. area code) Position/Title/Type of Business Business Phone (incl. area code) V. MONTHLY INCOME AND COMBINED HOUSING EXPENSE INFORMATION Gross Monthly Income Borrower Co-Borrower Total Combined Monthly Housing Expense Present Proposed Base Empl. Income* Rent Overtime First Mortgage (P&I) Bonuses Commissions Dividends/Interest Net Rental Income Other (before completing, see the notice in describe other income, below) Other Financing (P&I) Hazard Insurance Real Estate Taxes Mortgage Insurance Homeowner Assn. Dues Total Total * Self Employed Borrower(s) may be required to provide additional documentation such as tax returns and financial statements. Described Other Income Notice: Alimony, child support, or separate maintenance income need not be revealed if the Borrower (B) or Co-Borrower (C) does not choose to have it considered for repaying this loan. B/C Other: Monthly Amount VI. ASSETS AND LIABILITIES This Statement and any applicable supporting schedules may be completed jointly by both married and unmarried Co-Borrowers if their assets and liabilities are sufficiently joined so that the Statement can be meaningfully and fairly presented on a combined basis; otherwise separate Statements and Schedules are required. If the Co-Borrower section was completed about a non-applicant spouse or other person, this Statement and supporting schedules must be completed about that spouse or other person also. Completed Jointly Not Jointly ASSETS Description Cash deposit toward purchase held by: List checking and savings accounts below Name and address of Bank, S&L, or Credit Union Cash or Market Value Liabilities and Pledged Assets. List the creditor s name, address and account number for all outstanding debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support, stock pledges, etc. Use continuation sheet, if necessary. Indicate by (*) those liabilities which will be satisfied upon sale of real estate owned or upon refinancing of the subject property. LIABILITIES Name and address of Company Monthly Payment & Months Left to Pay Payment/Months Unpaid Balance Acct. no. Acct. no. Name and address of Company Name and address of Bank, S&L, or Credit Union Payment/Months Acct. no. Acct. no. Name and address of Company Name and address of Bank, S&L, or Credit Union Payment/Months Acct. no. Uniform Residential Loan Application Freddie Mac Form 65 7/05 (rev.6/09) Page 2 of 5 Fannie Mae Form /05 (rev.6/09) 1003 Page 2 (Letter) ~ 04/2010 ~ Encompass360 TM

7 VI. ASSETS AND LIABILITIES (cont.) Acct. no. Name and address of Company Name and address of Bank, S&L, or Credit Union Payment/Months Acct. no. Acct. no. Name and address of Company Stocks & Bonds (Company name/number & description) Payment/Months Life insurance net cash value Face amount: Subtotal Liquid Assets Acct. no. Name and address of Company Payment/Months Real estate owned (enter market value Acct. no. from schedule of real estate owned) Name and address of Company Payment/Months Vested interest in retirement fund Net worth of business(es) owned (attach financial statement) Automobiles owned (make and year) Other Assets (itemize) Acct. no. Alimony/Child Support/Separate Maintenance Payments Owed to: Job-Related Expense (child care, union dues, etc.) Total Monthly Payments Total Assets a. Net Worth (a minus b) Schedule of Real Estate Owned (If additional properties are owned, use continuation sheet.) Property Address (enter S if sold, PS if pending sale or R if rental being held for income) Type of Property Present Market Value Amount of Mortgages & Liens Total Liabilities b. Gross Rental Income Mortgage Payments Insurance, Maintenance, Taxes & Misc. Net Rental Income Totals List any additional names under which credit has previously been received and indicate appropriate creditor name(s) and account number(s): Alternate Name Creditor Name Account Number VII. DETAILS OF TRANSACTION VIII. DECLARATIONS a. Purchase Price If you answer Yes to any questions a through i, please use continuation Borrower Co-Borrower b. Alterations, improvements, repairs sheet for explanation. Yes No Yes No c. Land (if acquired separately) d. Refinance (incl. debts to be paid off) e. Estimated prepaid items f. Estimated closing costs g. PMI, MIP, Funding Fee a. Are there any outstanding judgments against you? b. Have you been declared bankrupt within the past 7 years? c. Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years? d. Are you a party to a lawsuit? h. Discount (if Borrower will pay) e. Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgment? i. Total costs (add items a through h) (This would include such loans as home mortgage loans, SBA loans, home improvement loans, educational loans, manufactured (mobile) home loans, any mortgage, financial obligation, j. Subordinate financing bond, or loan guarantee. If Yes, provide details, including date, name and address of Lender, FHA or VA case number, if any, and reasons for the action.) k. Borrower s closing costs paid by Seller Uniform Residential Loan Application Freddie Mac Form 65 7/05 (rev.6/09) Page 3 of 5 Fannie Mae Form /05 (rev.6/09) 1003 Page 3 (Letter) ~ 04/2010 ~ Encompass360 TM

8

9 Use this continuation sheet if you need more space to complete the Residential Loan Application. Mark B for Borrower or C for Co-Borrower. Continuation Sheet/Residential Loan Application Borrower: Co-Borrower: Agency Case Number: Lender Case Number: I/We fully understand that it is a Federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements concerning any of the above facts as applicable under the provisions of Title 18, United States Code, Section 1001, et seq. Borrower s Signature: Date Co-Borrower s Signature: Date X X Uniform Residential Loan Application Freddie Mac Form 65 7/05 (rev.6/09) Page 5 of 5 Fannie Mae Form /05 (rev.6/09) 1003 Page 5 (Letter) ~ 04/2010 ~ Encompass360 TM

10 HUD/VA Addendum to Uniform Residential Loan Application Part I - Identifying Information (mark the type of application) 1. VA Application for Home Loan Guaranty HUD/FHA Application for Insurance under the National Housing Act Home Loan Guaranty under the National Housing Act 5. Borrower's Name & Present Address (Include zip code) OMB Approval No. VA: HUD: (exp. 02/28/2014) 9/30/2007) 2. Agency Case No. (include any suffix) 3. Lender s Case No. 4. Section of the Act (for HUD cases) 7. Loan Amount (include the UFMIP if 8. Interest Rate 9. Proposed Maturity for HUD or Funding Fee if for VA) 6. Property Address (including name of subdivision, lot & block no. & zip code) % yrs. mos. 10. Discount Amount 11.Amount of Up Front 12a.Amount of Monthly12b.Term of Monthly (only if borrower is Premium Premium Premium permitted to pay) / mo. months 13. Lender's I.D. Code 14.Sponsor / Agent I.D. Code 15. Lender's Name & Address (include zip code) 16. Name & Address of Sponsor / Agent Type or Print all entries clearly VA: The veteran and the lender hereby apply to the Secretary of Veterans Affairs for Guaranty of the loan described here under Section 3710, Chapter 37, Title 38, United States Code, to the full extent permitted by the veteran s entitlement and severally agree that the Regulations promulgated pursuant to Chapter 37, and in effect on the date of the loan shall govern the rights, duties, and liabilities of the parties. 18. First Time 19. VA Only 20. Purpose of Loan (blocks 9-12 are for VA loans only) Homebuyer? Title will be Vested in: a. Yes Veteran b. No Veteran & Spouse Other (specify) 1) Purchase Existing Home Previously Occupied 2) Finance Improvements to Existing Property 3) Refinance (Refi.) 4) Purchase New Condo. Unit 5) Purchase Existing Condo.Unit 6) Purchase Existing Home Not Previously Occupied Part II - Lender s Certification 21. The undersigned lender makes the following certifications to induce the Department of Veterans Affairs to issue a certificate of commitment to guarantee the subject loan or a Loan Guaranty Certificate under Title 38, U.S. Code, or to induce the Department of Housing and Urban Development - Federal Housing Commissioner to issue a firm commitment for mortgage insurance or a Mortgage Insurance Certificate under the National Housing Act. A. The loan terms furnished in the Uniform Residential Loan Application and this Addendum are true, accurate and complete. B. The information contained in the Uniform Residential Loan Application and this Addendum was obtained directly from the borrower by an employee of the undersigned lender or its duly authorized agent and is true to the best of the lender s knowledge and belief. C. The credit report submitted on the subject borrower (and co-borrower, if any) was ordered by the undersigned lender or its duly authorized agent directly from the credit bureau which prepared the report and was received directly from said credit bureau. D. The verification of employment and verification of deposits were requested and received by the lender or its duly authorized agent without passing through the hands of any third persons and are true to the best of the 17. Lender's Telephone Number 7) Construct Home (proceeds to be paid out during construction) 8) Finance Co-op Purchase 9) Purchase Permanently Sited Manufactured Home 10) Purchase Permanently Sited Manufactured Home & Lot 11) Refi. Permanently Sited Manufactured Home to Buy Lot 12) Refi. Permanently Sited Manufactured Home/Lot Loan E. The Uniform Residential Loan Application and this Addendum were signed by the borrower after all sections were completed. F. This proposed loan to the named borrower meets the income and credit requirements of the governing law in the judgment of the undersigned. G. To the best of my knowledge and belief, I and my firm and its principals: (1) are not presently debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from covered transactions by any Federal department or agency; (2) have not, within a three-year period preceding this proposal, been convicted of or had a civil judgment rendered against them for (a) commission of fraud or a criminal offense in connection with obtaining, attempting to obtain, or performing a public (Federal, State or local) transaction or contract under a public transaction; (b) violation of Federal or State antitrust statutes or commission of embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements, or receiving stolen property; (3) are not presently indicted for or otherwise criminally or civilly charged by a governmental entity (Federal, State or local) with commission of any of the offenses enumerated in paragraph G(2) of this certification; and (4) have not, within a three-year period preceding this application/proposal, had one or more public transactions (Federal, State or local) terminated for cause or default. lender s knowledge and belief. Items "H" through "J" are to be completed as applicable for VA loans only. H. The names and functions of any duly authorized agents who developed on behalf of the lender any of the information or supporting credit data submitted are as follows: Name & Address Function (e.g., obtained information on the Uniform Residential Loan Application, ordered credit report, verifications of employment, deposits, etc.) If no agent is shown above, the undersigned lender affirmatively certifies that all information and supporting credit data were obtained directly by the lender. I. The undersigned lender understands and agrees that it is responsible for the omissions, errors, or acts of agents identified in item H as to the functions with which they are identified. J. The proposed loan conforms otherwise with the applicable provisions of Title 38, U.S. Code, and of the regulations concerning guaranty or insurance of loans to veterans. Signature of Officer of Lender Title of Officer of Lender Date (mm/dd/yyyy) Part III III - Notices - to Borrowers. to Borrowers. Public reporting Public burden reporting for this burden collection for this of information collection is of estimated information to average is estimated 6 minutes to per average response, 6 including minutes the per time response, forreviewing including instructions, the searching time for Part existing III - Notices data sources, to Borrowers. gathering Public and maintaining reporting burden the data for needed, this collection and completing of information and is reviewing estimated the to average collection 6 minutes of information. per response, This including agency may the time not conduct for reviewing or sponsor, instructions, and a searching person is existing not data required sources, to respond gathering to, and a collection maintaining information the data unless needed, that and collection completing displays and reviewing a valid OMB the collection control number of information. can be located This agency on the may OMB not Internet conduct page or sponsor, at and a person is not required to respond to, OMBINV.LIST.OF.AGENCIES.html#list_OF_AGENCIES.Privacy a collection information unless that collection displays a valid OMB Act control Information. number The can information be located requested on the OMB on Internet the Uniform page Residential at Loan Application and this Addendum is authorized by 38 html#list_of_agencies. U.S.C (if for DVA)and Privacy 12 U.S.C. Act 1701 Information. et seq. (if The for HUD/FHA). information The requested Debt Collection on the Uniform Act of Residential 1982, Pub. Loan Law Application , and and HUD s this Addendum Housing and is authorized Community by Development 38 U.S.C Act (if of for 1987, DVA)and 42U. 12 U.S.C. S.C. 3543, 1701 require et seq. persons (if for HUD/FHA). applying for The a federally Debt Collection insured Act or of guaranteed 1982, Pub. loan Law to , furnish his/her and HUD s social Housing security and number Community (SSN). Development You must provide Act of all 1987, the 42U.S.C. requestedinformation, 3543, require including persons your applying SSN. for a federally HUD and/or insured VA may or guaranteed conduct a loan computer to furnish match his/her to verify social the security information number you (SSN). provide. You HUD must and/or provide VA all may the requestedinformation, disclose certaininformation including to Federal, your SSN. State HUD and and/or local agencies VA may conduct when relevant a computer to civil, match to criminal, verify the or regulatory information investigations you provide. and HUD prosecutions. and/or VA may It disclose will not otherwise certaininformation be disclosed to Federal, orreleased State outside and local of HUD agencies or VA, when except relevant as required to civil, and criminal, permitted or regulatory by law. investigations The information and will prosecutions. be used It to will determine not otherwise whether be disclosed you qualify orreleased as a mortgagor. outside Anydisclosure of HUD or VA, of except information as required outside and VA permitted or HUD/FHA by law. will The be information made only as will permitted be used to by determine law. Failure whether to provide you qualify any of as the a requested mortgagor. information, Anydisclosure of including information SSN, outside may VA or HUD/FHA will be made only as permitted by law. Failure to provide any of the requested information, including SSN, may page 1 form HUD A (09/2010) (06/2005) VA Form a (3/98)

11 result in disapproval of your loan application. This is notice to you as required by the Right to Financial Privacy Act of 1978 that VA or HUD/FHA has a right of accessto fi nancial records held by fi nancial institutions in connection with the consideration or administration of assistance to you. Financial records involving yourtransaction will be available to VA and HUD/FHA without further notice or authorization but will not be disclosed or released by this institution to another GovernmentAgency or Department without your consent except as required or permitted by law.caution. Delinquencies, defaults, foreclosures and abuses of mortgage loans involving programs of the Federal Government can be costly and detrimental to yourcredit, now and in the future. The lender in this transaction, its agents and assigns as well as the Federal Government, its agencies, agents and assigns, areauthorized to take any and all of the following actions in the event loan payments become delinquent on the mortgage loan described in the attached application: (1)Report your name and account information to a credit bureau; (2) Assess additional interest and penalty charges for the period of time that payment is not made; (3)Assess charges to cover additional administrative costs incurred by the Government to service your account; (4) Offset amounts owed to you under other Federalprograms; (5) Refer your account to a private attorney, collection agency or mortgage servicing agency to collect the amount due, foreclose the mortgage, sell theproperty and seek judgment against you for any defi ciency; (6) Refer your account to the Department of Justice for litigation in the courts; (7) If you are a current orretired Federal employee, take action to offset your salary, or civil service retirement benefi ts; (8) Refer your debt to the Internal Revenue Service for offset againstany amount owed to you as an income tax refund; and (9) Report any resulting written-off debt of yours to the Internal Revenue Service as your taxable income. Allof these actions can and will be used to recover any debts owed when it is determined to be in the interest of the lender and/or the Federal Government to do so. of these actions can and will be used to recover any debts owed when it is determined to be in the interest of the lender and/o Part IV - Borrower Consent for Social Security Administration to Verify Social Security Number I authorize the Social Security Administration to verify my Social Security number to the Lender identified in this document and HUD/FHA, through a computer match conducted by HUD/FHA. I understand that my consent allows no additional information from my Social Security records to be provided to the Lender, and HUD/FHA and that verification of my Social Security number does not constitute confirmation of my identity. I also understand that my Social Security number may not be used for any other purpose than the one stated above, including resale or redisclosure to other parties. The only other redisclosure permitted by this authorization is for review purposes to ensure that HUD/FHA complies with SSA's consent requirements. I am the individual to whom the Social Security number was issued or that person's legal guardian. I declare and affirm under the penalty of perjury that the information contained herein is true and correct. I know that if I make any representation that I know is false to obtain information from Social Security records, I could be punished by a fine or imprisonment or both. This consent is valid for 180 days from the date signed, unless indicated otherwise by the individual(s) named in this loan application. Signature(s) Read consent of Borrower(s) carefully. Review - Read accuracy consent carefully. of social Review security accuracy number(s) of social and birth security dates number(s) provided and on this birth application. dates provided on Signature(s) of Borrower(s) Date Signed Signature(s) of Co - Borrower(s) Date Signed Date signed Part V - Borrower Certification 22. Complete the following for a HUD/FHA Mortgage. Is it to be sold? 22b. Sales Price 22c. Original Mortgage Amt 22a.Do you own or have you sold other real estate within the Yes No Yes No past 60 months on which there was a HUD/FHA mortgage? 22d.Address 22e. If the dwelling to be covered by this mortgage is to be rented, is it a part of, adjacent or contiguous to any project subdivision or group of concentrated rental properties involving eight or more dwelling units in which you have any financial interest? Yes No If Yes give details. 22f. Do you own more than four dwellings? Yes No If Yes submit form HUD Complete for VA-Guaranteed Mortgage. Have you ever had a VA home Loan? Yes No 24. Applicable for Both VA & HUD. As a home loan borrower, you will be legally obligated to make the mortgage payments called for by your mortgage loan contract. The fact that you dispose of your property after the loan has been made will not relieve you of liability for making these payments. Payment of the loan in full is ordinarily the way liability on a mortgage note is ended. Some home buyers have the mistaken impression that if they sell their homes when they move to another locality, or dispose of it for any other reasons, they are no longer liable for the mortgage payments and that liability for these payments is solely that of the new owners. Even though the new owners may agree in writing to assume liability for your mortgage payments, this assumption agreement will not relieve you from liability to the holder of the note which you signed when you obtained the loan to buy the property. Unless you are able to sell the property to a buyer who is acceptable to VA or to HUD/FHA and who will assume the payment of your obligation to the lender, you will not be relieved from liability to repay any claim which VA or HUD/FHA may be required to pay your lender on account of default in your loan payments. The amount of any such claim payment will be a debt owed by you to the Federal Government. This debt will be the object of established collection procedures. 25. I, the Undersigned Borrower(s) Certify that: (b) I was not aware of this valuation when I signed my contract but have elected (1) I have read and understand the foregoing concerning my liability on the loan and Part to complete the transaction at the contract purchase price or cost. I have paid III Notices to Borrowers. or will pay in cash from my own resources at or prior to loan closing a sum equal (2) Occupancy: ( for VA only -- mark the applicable box) to the difference between contract purchase price or cost and the VA or HUD/ (a) I now actually occupy the above-described property as my home or intend to FHA established value. I do not and will not have outstanding after loan closing move into and occupy said property as my home within a reasonable period of time any unpaid contractual obligation on account of such cash payment. or intend to reoccupy it after the completion of major alterations, repairs or ments. improve- (4) Neither I, nor anyone authorized to act for me, will refuse to sell or rent, after the making of a bona fide offer, or refuse to negotiate for the sale or rental of, (b) My spouse is on active military duty and in his or her absence, I occupy or intend or otherwise make unavailable or deny the dwelling or property covered by his/ to occupy the property securing this loan as my home. her loan to any person because of race, color, religion, sex, handicap, familial status (c) I previously occupied the property securing this loan as my home. (for interest or national origin. I recognize that any restrictive covenant on this property relating rate reductions) to race, color, religion, sex, handicap, familial status or national origin is illegal and (d) While my spouse was on active military duty and unable to occupy the property void and civil action for preventive relief may be brought by the Attorney General securing this loan, I previously occupied the property that is securing this loan as my home. (for interest rate reduction loans) of the United States in any appropriate U.S. District Court against any person responsible for the violation of the applicable law. Note: If box 2b or 2d is checked, the veteran's spouse must also sign below. (3) Mark the applicable box (not applicable for Home Improvement or Refinancing Loan) (5) All information in this application is given for the purpose of obtaining a loan to I have been informed that ( ) is : be insured under the National Housing Act or guaranteed by the Department of Veterans the reasonable value of the property as determined by VA or; Affairs and the information in the Uniform Residential Loan Application and this Addendum is true and complete to the best of my knowledge and belief. Verification may be the statement of appraised value as determined by HUD / FHA. obtained from any source named herein. Note: If the contract price or cost exceeds the VA "Reasonable Value" or HUD/FHA "Statement of Appraised Value", mark either item (a) or item (b), whichever is cable. on lead paint poisoning. Yes Not Applicable (a) I was aware of this valuation when I signed my contract and I have paid or will pay in cash from my own resources at or prior to loan closing a sum equal to the (7) I am aware that neither HUD / FHA nor VA warrants the condition or value of difference between the contract purchase price or cost and the VA or HUD/FHA the property established value. I do not and will not have outstanding after loan closing any unpaid contractual obligation on account of such cash payment; appli- (6) For HUD Only (for properties constructed prior to 1978 ) I have received information Signature(s) of Borrower(s) -- Do not sign unless this application is fully completed. Read the certifications carefully & review accuracy of this application. Date Signature(s) of Borrower(s) Date Signed Signature(s) of Co - Borrower(s) Date Signed ( Borrowers Must Sign Both Parts IV & V ) Federal statutes provide severe penalties for any fraud, intentional misrepresentation, or criminal connivance or conspiracy purposed to infl uence page 2 theissuance of any guaranty or insurance by the VA Secretary or the HUD/FHA Commissioner. issuance of any guaranty or insurance by the VA Secretary or the HUD/FHA Commissioner. page 2 form HUD A (09/2010) (06/2005) VA Form a (3/98)

12 ADDENDUM TO APPLICATION FOR ADDITIONAL REAL ESTATE OWNED Property Address * Original Loan Amount Name & Address of Lender Loan Number Current Balance Market Value Gross Rent Mortgage Payment Taxes & Insurance Net Rental Income / Loss Totals: Applicant Signature Applicant Signature *INDICATE S IF SOLD, PS IF PENDING SALE, R IF RENTAL PROPERTY, OR PR IF PRIMARY RESIDENCE. Rev 01/08

13 INTEREST RATE LOCK-IN POLICY AND AGREEMENT FOR CURRENT INTEREST RATES PLEASE CALL or visit This Agreement (also known as the Interest Rate Lock-in Agreement or Agreement ) contains important information about our lock-in policy and lock-in/commitment fee. Even if you do not wish to lock-in the interest rate, we still advise that you read this information. This Agreement outlines how your interest rate will be determined on your mortgage loan. If after reading the text of this Agreement, you wish to lock-in your rate, please complete the section at the end of this document. FEES REQUIRED AT LOCK-IN/COMMITMENT If you wish to lock-in prior to commitment, you must pay Columbia Bank a lock-in fee at the time of lock-in together with the flood certification fee, the appraisal fee and the credit report fee (if not already paid). If you have not locked-in by commitment, then you will have to pay Columbia Bank a commitment fee plus all fees due by commitment acceptance. The fee will be collected at the earlier of lock-in or commitment. This lock-in fee or commitment fee will be refunded when your loan closes, or if your loan is denied. If your loan does not close, this fee will not be refunded. LOCK-IN POLICY INFORMATION PLEASE CAREFULLY READ THIS LOCK IN AGREEMENT PRIOR TO SIGNING. THE LOCK-IN OPTION IS AT YOUR EXPENSE AND RISK. INTEREST RATES CAN CHANGE FREQUENTLY. AS A RESULT, LOCKING IN YOUR INTEREST RATE IS SPECULATIVE. Columbia Bank ( Columbia ) will normally process, review and make a decision on a mortgage application in 45 days. Circumstances beyond our control may affect the timely completion of the mortgage process. Columbia also requires the submission of a complete application including a Contract of Sale (if applicable), and payment of the appropriate fees at the time you lock-in. For Pre-Approval Certificate Program applicants, an application will be considered finalized once a Contract of Sale, Property Description Sheet, and Uniform Residential Loan Application Addendum are submitted. Columbia Bank will set an interest rate on the date we receive your finalized application. LOCKING-IN A RATE Columbia Bank will set an interest rate on the date we receive your application for a mortgage or finalized application for a Pre-approval Certificate Program (either hereinafter referred to as Application ). During the first ten (10) business days from the date we receive your Application, you can lock a rate once you have received and reviewed your Good Faith Estimate and Truth-In-Lending disclosures. If you want to proceed with the transaction and lock your rate you must follow the procedure below: If you have not yet told us of your intent to proceed with the loan, either verbally or with the Intent to Proceed form, you must let us know that you have reviewed your mortgage disclosures and now want to continue with the mortgage transaction. You may do this by executing the Intent to Proceed form that you received with your disclosures and returning it to Columbia Bank with this Agreement. You must also execute this Agreement. Executing this Agreement is accomplished by completing the section entitled Please Complete this Section if you Wish to Lock-In Your Rate on page three (3), signing where indicated and paying the appropriate fees (see the section below entitled Fees Required to Lock-In ). The lock-in rate will be determined as follows: 1/13

14 If you choose to lock-in the rate within the first ten (10) business days of the date Columbia Bank receives your application, the rate that will be locked-in will be the lowest rate in effect from the date we received your application through the date that you choose to lock-in up to and including the 10 th business day. For example, if the rate at Application (day 1) was 3.25%, and the rate changed to 3.50% on day 4, and you choose to lock-in on day 7, the lock-in rate would be 3.25%. In the same example, if on day 8 the rate changes to 3.125% and you choose to lock-in on day 10, the lock-in rate would be 3.125%. If you do not choose to lock in the rate by the tenth (10 th ) business day from the date we receive your Application, then your interest rate will float. You may then lock-in the rate for a period of 75 days at any time prior to commitment by executing this Agreement and the Intent to Proceed form (if not submitted previously) and submitting them along with the required fees. If you opt to float your interest rate (and not exercise your option to lock in your interest rate) we urge you to regularly monitor our mortgage rates by visiting At no time can Columbia Bank's employees predict future interest rate changes. LOCKING IN PRIOR TO COMMITMENT If you lock-in prior to commitment, your rate will be locked for 75 days. If you have locked-in and Columbia Bank issues you a commitment after you have locked, the commitment will expire when your lock-in agreement expires. RATE LOCKED IN AT COMMITMENT If you do not choose to lock-in prior to commitment, then on the date the commitment is issued, the rate will be set at the prevailing rate for the loan product requested. The commitment expiration date will be 75 days from the date the commitment was issued. IF YOUR COMMITMENT (AND LOCK-IN RATE) EXPIRES If your commitment expires for any reason and you need an extension of the commitment, an extension may be granted as follows: Purchase Transactions An extension, if granted, will be up to a 60 day period at the locked-in interest rate (stated on the commitment) or the interest rate in effect on the date the extension request is received by Columbia, whichever is higher. Refinance Transactions An extension, if granted, will be up to a 30 day period at the locked-in interest rate (stated on the commitment) or the interest rate in effect on the date the extension request is received by Columbia, whichever is higher. Only one extension will be granted. Extension may require updated documentation, for example, credit report, income/asset verification, a current appraisal or any other such information as may be required by our program guidelines and credit policies. Columbia Bank reserves the right not to grant an extension and/or to decline any prior approved loan if the applicant(s) no longer qualifies due to a rise in interest rates, credit and documentation updates or loan program eligibility guidelines. EXECUTING THIS LOCK IN AGREEMENT If you wish to execute this Lock In Agreement please: Complete and sign the Agreement. Complete and sign your Intent to Proceed form (if not already provided). Return both of these agreements along with the following fees (if not already paid): The Lock In Fee, Flood Certification Fee, Appraisal Fee, Credit Report Fee 1/13 2 of 4

15 DELIVERY OPTIONS You may submit the Lock In Agreement and Intent to Proceed form (if not executed previously) by: 1. Hand delivering it to any one of the following: Columbia Bank Attn: Mortgage Department Route 208, Fair Lawn NJ 07410, Columbia Bank Corner of Echelon Road & White Horse Road P.O. Box 1645 Voorhees, NJ Any Columbia Bank branch location. You may find a list of our branches by visiting 2. Scanning/ ing the Agreement together with the Intent to Proceed form (if not executed previously) to your designated loan representative (if known), or to LLaSpisa@columbiabankonline.com or AJarrett@columbiabankonline.com or faxing the agreement to (201) However, please be sure to have the original Agreement (and fees) delivered via overnight return receipt mail to either address above. Once received, we will lock in your rate in accordance to the terms of the agreement. Please note that if the original Agreement (and fees) is not received by the second business day after the Agreement was Scanned/ ed (example received on Monday, Agreement and check must be received by Wednesday), your Lock In Agreement will be rescinded. 3. Mailing the Agreement and the Intent to Proceed form (if not executed previously) together with the appropriate fees via overnight mail to: Columbia Bank Attn: Mortgage Department Route 208 Fair Lawn, NJ Once received, we will lock in your rate in accordance to the terms of the agreement. ADDITIONAL INFORMATION 1. The actual rate that will be locked-in will be determined by the terms of this Agreement, our credit and underwriting policies, and must be confirmed in writing by a representative of Columbia Bank who has signed and returned a fully executed copy to you. 2. The lock-in granted is valid only for the loan program listed on this Agreement that corresponds to the data in the loan application. If you want to change the loan program and lock-in prior to commitment, a new Interest Rate Lock-In Agreement will need to be submitted. The new lock-in rate will be the rate in effect on the date the original interest rate was locked-in by a Columbia Representative or the rate in effect when the new interest rate is to be locked-in by a Columbia Representative for the new loan program, whichever is higher. A new lock-in period will apply. 3. The lock-in granted is valid only for the property address listed on this Agreement that corresponds to the data in the loan application. If you want to change the property address, and lock-in prior to commitment, a new Interest Rate Lock-In Agreement will need to be submitted. The new lock-in rate will be the rate in effect on the date the new interest rate was locked-in by a Columbia Representative for the new property address. A new lock-in period will apply. 4. Columbia will make a good faith effort to process your mortgage loan application and/or stand ready to fulfill the terms of any commitment issued before the expiration date of the lock-in agreement and any subsequent extension. 5. If this is a purchase transaction and your contract of sale is canceled by the seller(s) or buyer(s) for any valid reason stated in the contract, you will receive a full refund of any interest rate lock-in fee or commitment fee that you have paid. Proof satisfactory to the Bank must be provided verifying the contract cancellation. 6. If your loan application is denied by Columbia, your lock-in or commitment fee will be refunded. 1/13 3 of 4

16 THIS SECTION MUST BE COMPLETED BY THE APPLICANT(S) IF YOU WANT TO LOCK-IN YOUR RATE (COLUMBIA BANK WILL RETURN A COPY TO YOU) LOAN DATE: LOAN AMOUNT: PRODUCT BORROWER: PROPERTY ADDRESS: Owner Occupied Primary Residence Non-Owner Occupied Vacation Home RATE LOCK REQUEST I (We) wish to lock-in an interest rate of % with total points of % for a period not to exceed 75 days. I (we) understand that a lock-in fee ) plus the flood certification fee, the appraisal fee and the credit report fee totaling ) are due now at my interest rate lock-in. These are the fees that you would have normally collected from me at commitment. I (we) understand that the lock-in fee or commitment fee will be refunded when the loan closes. I(we) understand that if my final debt-to-income ratio (after you have verified all of my financial data) exceeds 43.00%, Columbia may consider this to be a high debt-to-income ratio loan and 1/8 th of 1% will be added to the rate. I/we understand that this higher rate will also be outlined below (see If final debt-to-income ratio exceeds 43.00% section) when the Interest Rate Lock-In Agreement is executed by the Bank. I (We) have carefully read this agreement, fully understand its contents, and agree to all terms herein detailed. I (We) have also reviewed the Good Faith Estimate and Truth-In-Lending disclosures and intend to proceed with this transaction. I (We) also understand that this document is not a commitment or agreement to grant the mortgage loan requested. If my (our) lock-in will expire prior to the anticipated closing date detailed in my/our contract of sale, I (we) acknowledges that the lock-in is at my/our full expense and risk. (APPLICANT) (DATE) (APPLICANT) (DATE) (APPLICANT) (DATE) (APPLICANT) (DATE) THIS SECTION IS TO BE COMPLETED BY COLUMBIA BANK PERSONNEL LOAN PRODUCT: INTEREST RATE LOCKED-IN: % If final debt-to-income ratio is less than or equal to 43.00%. INTEREST RATE LOCKED-IN: % If final debt-to-income ratio exceeds 43.00% TOTAL POINTS LOCKED-IN: % (Due at closing) FEES RECEIVED AT LOCK-IN CHECK # Lock-In Fee + Check also includes Flood Certification Fee Appraisal Fee Credit Report Fee The lock-in fee or commitment fee will be refunded when the loan closes. INTEREST RATE LOCK-IN AGREEMENT EXPIRATION DATE: COLUMBIA BANK (DATE) (AUTHORIZED SIGNATURE) 1/13 4 of 4

17 INTEREST RATE LOCK-IN POLICY AND AGREEMENT ACKNOWLEDGEMENT Included in your mortgage application package is Columbia Bank s Interest Rate Lock-in Policy and Agreement form. Whether you are interested in a rate lock-in or not interested in a rate lock-in you are still required to read the information found in this Agreement. Please sign below acknowledging that you have read the Interest Rate Lock-in Policy and Agreement. Acknowledgement: I (We) have carefully read the INTEREST RATE LOCK-IN POLICY AND AGREEMENT form and fully understand its contents. Applicant Date Applicant Date Applicant Date Applicant Date address: 8/10

18 CONSENT TO RECEIVE ELECTRONIC COMMUNICATIONS The following disclosures are required by the federal Electronic Signatures in Global and National Commerce Act ( ESIGN ). In order for you to receive Communications electronically in connection with your residential mortgage application, you must consent to Columbia Bank s Residential Mortgage Department providing you these communications electronically. Your consent to receive electronic communications includes but is not limited to: loan documents, disclosures, and the appraisal report. By providing your address and your signature below, you consent to receiving communications by . Each borrower must provide this form even if all borrowers may share the same address. How to Withdraw Consent. You may withdraw your consent to receiving communications electronically, at no charge by calling (800) How to Update Your Records. It is your responsibility to provide us with true, accurate, and complete address, contact, and other information related to this disclosure and your residential mortgage application, and to maintain and update promptly any changes in this information. You can update information by calling (800) or ing your designated loan representative. Hardware and Software Requirements. In order to access, view, and retain electronic communications that we make available to you, you must have: A computer with Internet connectivity, sufficient storage space, and a supported Internet browser capable of 128-bit encryption; A supported PDF viewer, such as the current version of Adobe Reader ( and a browser that can print PDF documents; A valid address including an account with an service provider compatible with your software. Requesting Paper Copies. During the residential mortgage application process, you can obtain a paper copy of the electronic communications by printing them yourself or by requesting that we mail you a paper copy. To request a paper copy, please call us at (800) or your designated loan representative. Name: address: I consent to receiving Communications electronically from Columbia Bank s Residential Mortgage Department. Borrower s Signature Date

19 APPRAISAL DISCLOSURE APPRAISAL DELIVERY We may order an appraisal to determine the property s value and charge you for this appraisal. We will promptly give you a copy of any appraisal, even if your loan does not close. You can pay for an additional appraisal for your own use at your own cost. WELL AND SEPTIC CERTIFICATIONS For purchase transactions, certifications will be required, prior to closing, from a local health authority or private engineer that the individual septic and/or water supply systems are functioning satisfactorily and with proper maintenance are not likely to create an unsanitary condition. Please sign below acknowledging receipt of this disclosure. Return a signed copy to the Bank and keep a copy for your records. Applicant Date Applicant Date Applicant Date Applicant Date 01/2014

20