Who needs a Fannie Mae form 1003 2009-2016?
Fannie Mae form 1003 2009-2016 is filled by the borrower and co-borrower with the help of their lender. The borrower shall furnish all information necessary for the lender.
What is the Fannie mae form 1003 2009-2016?
Fannie Mae form 1003 2009-2016 is used by the lender to obtain financial and personal information about borrowers who apply for a mortgage loan secured for one to four unit residential real estate. Also the Fannie Mae form 1003 2009-2016 is used for residential mortgages as the primary loan aplication form.
Is the Fannie Mae form 1003 2009-2016 accompanied by other forms?
There are no mandatory accompanying forms for the Fannie Mae form 1003 2009-2016. This form is, in itself, a complete document that provides the lender with all the necessary information about the borrower and co-borrower.
When is the Fannie mae form 1003 2009-2016 due?
The Fannie Mae form 1003 2009-2016 must be completed at the time of the request for a loan. There is no specific time frame in which this form must be submitted to the lender. It is enough that this form corresponds to the current year.
Remember that the Fannie Mae form 1003 2009-2016 must be kept together with the loan documents throughout the term of the loan. The Fannie Mae form should be maintained for at least 25 months after the date when a loan decline notice is sent.
How do I fill out the Fannie Mae form 1003 2009-2016?
Fannie mae form 1003 2009-2016 is divided into ten (10) sections. Each section provides unique information about the borrower:
- Type of mortage and terms of loan;
- Property information and purpose of loan;
- Borrower information;
- Employment information;
- Monthly income and combined housing expense information;
- Assets and liabilities;
- Details of transaction;
- Acknowledgement and agreement;
- Information for government monitoring purposes.
The loan originator or loan processor is responsible for the completeness and accuracy of the information provided.
Where do I send the Fannie Mae form 1003 2009-2016?
The Fannie Mae form 1003 2009-2016 should be sent to the registered address of the creditor.