Pre-Approvl Appliction In tody s rel estte mrket, Pre-Approved mortgge provides you the buyer with powerful tool in the home purchse process! Once you hve received your Pre-Approvl, you cn shop for your home with confidence, knowing tht your mortgge hs lredy been pproved. With your finncing secured, sellers know tht your offer is solid! It only tkes few minutes of your time to get the process strted. Simply fill out the informtion below, provide copies of your finncil informtion (see items required ) nd return the informtion to me. I ll hve you Pre-Approved in no time flt! It s s esy s tht nd it s free! BORROWER INFORMATION Borrower s Nme (include Jr. or Sr. if pplicble) Co-Borrower s Nme (include Jr. or Sr. if pplicble) Socil Security Number Home Phone (incl.re Age Yrs. School Socil Security Number Home Phone (incl.re Age Yrs. School Mrried Seprted Unmrried (include single, divorced, widowed) Mrried Seprted Unmrried (include single, divorced, widowed) Present Address (street, city, stte, ZIP) Own Rent No.Yrs. Present Address (street, city, stte, ZIP) Own Rent No.Yrs. If residing t present ddress for less thn two yers, complete the following: Former Address (street, city, stte, ZIP) Own Rent No.Yrs. Former Address (street, city, stte, ZIP) Own Rent No.Yrs. Former Address (street, city, stte, ZIP) Own Rent No.Yrs. Former Address (street, city, stte, ZIP) Own Rent No.Yrs. EMPLOYMENT INFORMATION Nme & Address of Employer Self Employed Yrs. on this job Nme & Address of Employer Self Employed Yrs. on this job 1
Yrs. employed in this line of work/profession Yrs. employed in this line of work/profession If employed in current position for less thn two yers or if currently employed in more thn one position, complete the following: Nme & Address of Employer Self Employed Dtes (from - to) Nme & Address of Employer Self Employed Dtes (from - to) Nme & Address of Employer Self Employed Dtes (from - to) Nme & Address of Employer Self Employed Dtes (from - to) MONTHLY INCOME /COMBINED HOUSING EXPENSE INFORMATION Gross Borrower Co-Borrower Totl Combined Monthly Housing Expense Present Proposed Bse Empl. Income * Rent Overtime Bonuses Commissions Dividends/Interest Net Rentl Income Other (Before completing see the note in describe other income below) First Mortgge (P&I) Other Finncing (P&I) Hzrd Insurnce Rel Estte Txes Mortgge Insurnce Homeowner Assoc. Dues Other: Totl Totl * Self employed Borrower(s) my be required to provide dditionl documenttion such s tx returns nd finncil sttements. Describe Other Income B/C Notice: Alimony, child support, or seprte mintennce income need not be reveled if the Borrower (B) or Co-Borrower (C) do not choose to hve it considered for repying this lon. Monthly Amount ASSETS AND LIABILITIES 2
This sttement nd ny pplicble supporting schedules my be completed jointly by both mrried nd unmrried Co-Borrowers if their ssets nd libilities re sufficiently joined so tht the sttement cn be meningfully nd firly presented on combined bsis, otherwise seprte Sttements nd Schedules re required. If the co-borrower section ws completed bout spouse, this Sttement nd supporting schedules must be completed bout tht spouse lso. Completed Jointly Not Jointly Description ASSETS Csh or Libilities nd Pledged Assets: List the creditor s nme, ddress nd ccount number for ll outstnding Mrket debts, including utomobile lons, revolving chrge ccounts, rel estte lons, limony, child support, Vlue stock pledges, Csh deposit towrd purchse held by: etc.use continution sheet, if necessry. Indicte by (*) those libilities which will be stisfied upon sle of rel estte owned or upon refinncing of the subject property. LIABILITIES Monthly Pyt. & Mos. Left To Py Unpid Blnce List checking nd svings ccounts below Account no. Account no. Account no. Account no. Stocks & Bonds (Compny nme/number & description) Life insurnce net csh vlue Fce mount: Subtotl Liquid Assets Rel estte owned (enter mrket vlue from schedule of rel estte owned) Vested interest in retirement fund New worth of business(es) owned (ttch finncil sttement) Automobiles owned (mke & yer) Other Assets (itemize) Alimony/Child support/seprte mintennce pyments Owed to: Job Relted Expense (child cre, union dues) 3
Totl Monthly Pyments REAL ESTATE OWNED Property Address (enter S if sold, PS if pending sle, R if rentl being held for income) S PS R Type of Prop. Present Mrket Vlue Amount of Mortgges & Liens Gross Rentl Income Mortgge Pyments Insurnce, Mintennce, Txed & Misc. Net Rentl Income Totl DECLARATIONS If you nswer yes to ny questions through i Borrower Co-Borrower plese use continution sheet for explntion YES NO YES NO. Are there ny outstnding judgments ginst you? b. Hve you declred bnkruptcy within the pst 7 yers? c. Hve you hd property foreclosed upon or given title or deed in lieu thereof in the lst 7 yers? d. Are you prty to lwsuit? e. Hve you directly or indirectly been obligted on ny lon which resulted in foreclosure, trnsfer of title in lieu of foreclosure or judgment? (This would include such lons s home mortgge lons, SBA lons, home improvement lons, educted lons, mnufctured (mobile) homes, ny mortgge, finncil obligtion, bond or lon gurntee. If Yes, provide detils, including dte, nme nd ddress of Lender, FHA or VA cse number, if ny, for resons for the ction.) f. Are you presently delinquent or in defult on ny Federl debt or ny other lon, mortgge, finncil obligtion, bond, or lon gurntee? If Yes give detils s described in the preceding question. g. Are you obligted to py limony, child support or seprte. mintennce? h. Is ny prt of the down pyment borrowed? i. Are you co-mker or endorser on note? j. Are you U.S. citizen? k. Are you permnent resident lien? l. Do you intend to occupy the property s your primry residence? If Yes complete question m below m. Hve you hd n ownership interest in property in the lst three yers? 1. Wht type of property did you own principl residence (PR), second home (SH) or investment property (IP)? 2. How did you hold title to the home solely by yourself (S), jointly with your spouse (SP), or jointly with nother person (O)? AUTHORIZATION TO RELEASE INFORMATION I/We hve pplied for mortgge pre-pprovl lon with Princeton Mortgge Corportion (PMC). As prt of the ppliction process, PMC its successors nd/or ssigns, my verify informtion contined in my/our lon pre-pprovl ppliction nd in other documents required in connection with the lon, either before the lon is closed. Or s prt of its qulity control progrm. I/We uthorize you to provide PMC, its successors nd/or ssigns, nd to ny investor to whom PMC my sell my mortgge, ny nd ll informtion nd documenttion tht they my request. Such informtion includes but is not limited to, employment history nd income, deposit nd investment ccounts nd ccount blnces, credit history, nd copies of income tx returns. PMC, its successors nd/or ssigns, or ny investor tht purchses the mortgge my ddress this uthoriztion to ny prty nmed in the lon ppliction. A copy of this uthoriztion my be ccepted s the originl. Your prompt reply to PMC or the investor tht purchsed the mortgge is pprecited. Privcy Act Notice: This informtion is to be used by the gency collecting it or its ssignees in determining whether you qulify s prospective mortggor under its progrm. It will not be disclosed outside the gency except s required nd permitted by lw. You do not hve to provide this informtion, but if you do not, your ppliction for pprovl s prospective mortggor or borrower my be delyed or rejected. The informtion requested in this form is uthorized by Title 38,USC, Chpter 37 (if VA); by 12 USC, Section 1701 et. Seq. (if HUD/FHA); by 42 USC, Section 1452b (if HUD/CPD); nd Title 42 USC, 1471 et. Seq., or 7 USC, 1921 et. Seq. (if USDA/FmHA). Borrower s Signture Dte Co-Borrower s Signture Dte X X 4
ITEMS NEEDED FOR MORTGAGE PRE-APPROVAL APPLICATION 1. Most recent two yers W2 Forms. Complete/full copies of 1040 s for 2 yer 2 if you re commissioned or self-employed. 2. Copies of py stubs for the most recent 30 dys. 3. The most recent two month s sttements for ll sset ccounts, including checking, svings, CD s, 401k, pension, IRA, stocks, bonds, etc. 4. If pplicble, copies of divorce decree nd settlement greement. 5. If pplicble, copies of ny/ll bnkruptcy documenttion including Notice of Dischrge. 5