Federal Direct Funding LLC - Business Loans, Corporate Funding

Federal Direct Funding Residential Loan Application

Fill all form field to go to next step

To be completed by the Lender

Lender Loan No./Universal Loan Identifier*

Agency Case No*

FDF Residential Loan Application

Verify and complete the information on this application. If you are applying for this loan with others, each additional Borrower must provide information as directed by your Lender.

Section 1: Borrower Information.

This section asks about your personal information and your income from employment and other sources, such as retirement, that you want considered to qualify for this loan.

1a. PERSONAL INFORMATION

Name (First, Middle, Last, Suffix)* Alternate Names List any names by which you are known or any names under which credit was previously received (First, Middle, Last, Suffix)*

Social Security Number (or Individual Taxpayer IdentificationNumber) :* Date of Birth :*

Citizenship*

U.S.Citizen

Permanent Resident Alien

Non-PermanentResident Alien

Type of Credit*

I am applying for individual credit.

I am applying for joint credit. Total Number of Borrowers: Your initials:

List Name(s) of Other Borrower(s) Applying for this Loan (First, Middle, Last, Suffix)* Marital Status*

Married

Separated

Unmarried (Single, Divorced, Widowed, Civil Union, Domestic Partnership, Registered Reciprocal Beneficiary Relationship)

ContactInformation (or Individual Taxpayer IdentificationNumber) : Home Phone* Cell Phone* Work Phone* Ext.* Email*

Dependents (not listed by another Borrower) Number * Ages *

Current Address
Street :* Unit # :* City :* State :* Zip :* Country :*

How Long at Current Address? Years * Months *

Housing

No primary housing expense

Own

Rent

If at Current Address for LESS than 2 years, list Former Address

Does not apply

Street :* Unit # :* City :* State :* Zip :* Country :*

How Long at Current Address? Years * Months *

Housing

No primary housing expense

Own

Rent

Mailing Address – if different from Current Address

Does not apply

Street :* Unit # :* City :* State :* Zip :* Country :*

Military Service – Did you (or your deceased spouse) ever serve, or are you currently serving, in the United States Armed Forces?

yes

If YES, check all that apply:

Currently serving on active duty with projected expiration date of service/tour

Currentlyretired, discharged, or separated from service

Only period of service was as a non-activated member of the Reserve or National Guard

Surviving spouse

Language Preference Your loan transaction is likely to be conducted in English. This question requests information to see if communications are available to assist you in your preferred language. Please be aware that communications may NOT be available in your preferred language.
Optional – Mark the language you would prefer, if available:

English

Chinese

Korean

Spanish

Tagalog

Vietnamese

Others

I do not wish to respond

Your answer will NOT negatively affect your mortgage application. Your answer does not mean the Lender or Other Loan Participants agree to communicate or provide documents in your preferred language. However, it may let them assist you or direct you to persons who can assist you.
Language assistance and resources may be available through housing counseling agencies approved by the U.S. Department of Housing and Urban Development. To find a housing counseling agency, contact one of the following Federal government agencies:

U.S. Department of Housing and Urban Development (HUD) at (800) 569-4287 or www.hud.gov/counseling.
Consumer Financial Protection Bureau (CFPB) at (855) 411-2372 or www.consumerfinance.gov/find-a-housing-counselor.

1b. CURRENT EMPLOYMENT/SELF EMPLOYMENT AND INCOME

Does not apply

Employer or Business Name* Phone* Street* City* State* ZIP*

Position or Title* Start Date*
How long in this line of work?
Years* Months*
Check if this statement applies:

I am employed by a family member, property seller, real estate agent, or other party to the transaction.

Check if you are the Business Owner or Self-Employed .

I have an ownership share of less than 25%.

I have an ownership share of 25% or more.

Monthly Income (or Loss) $*
Gross Monthly Income :

Base :*

Overtime :*

Bonus :*

Commission :*

Military Entitlements :*

Other :*

TOTAL :*

1c. IF APPLICABLE, COMPLETE INFORMATION FOR ADDITIONAL EMPLOYMENT/SELF EMPLOYMENT AND INCOME

Does not apply

Employer or Business Name* Phone* Street* City* State* ZIP*

Position or Title* Start Date*
How long in this line of work?
Years* Months*
Check if this statement applies:

I am employed by a family member, property seller, real estate agent, or other party to the transaction.

Check if you are the Business Owner or Self-Employed .

I have an ownership share of less than 25%.

I have an ownership share of 25% or more.

Monthly Income (or Loss) $*
Gross Monthly Income :

Base :*

Overtime :*

Bonus :*

Commission :*

Military Entitlements :*

Other :*

TOTAL :*

1d. IF APPLICABLE, COMPLETE INFORMATION FOR PREVIOUS EMPLOYMENT/SELF EMPLOYMENT AND INCOME

Does not apply

Employer or Business Name* Phone* Street* City* State* ZIP*

Position or Title* Start Date*
End Date*

Check if you were the Business Owner or Self-Employed .

Previous Gross Monthly Income*

1e. INCOME FROM OTHER SOURCES

Does not apply

Include income from other sources below. Under Income Source, choose from the sources listed here:

Alimony
Automobile Allowance
Boarder Income
Capital Gains

Child Support
Disability
Foster Care
Housing or Parsonage

Interest and Dividends
Mortgage Credit Certificate
Mortgage Differential payments

Notes Receivable
Public Assistance
Retirement (e.g., Pension, IRA)

Royalty Payments
Separate Maintenance
Social Security
Trust

Unemployment Benefits
VA Compensation
Other

NOTE: Reveal alimony, child support, separate maintenance, or other income ONLY IF you want it considered in determining your qualification for this loan.

Income Source – use list above
Provide TOTAL Amount Here

Monthly Income

Borrower Name :*
Uniform Residential Loan Application
Freddie Mac Form 65 • Fannie Mae Form 1003
Effective 07/2019

Section 2: Financial Information — Assets and Liabilities.

This section asks about things you own that are worth money and that you want considered to qualify for this loan. It then asks about your liabilities (or debts) that you pay each month, such as credit cards, alimony, or other expenses.

2a. ASSETS-BANK ACCOUNTS, RETIREMENT, AND OTHER ACCOUNTS YOU HAVE

Include all accounts below. Under Account Type, choose from the types listed here:

Checking
Savings
Money Market

Certificate of Deposit
Mutual Fund
Stocks

Stock Options
Bonds
Retirement (e.g., 401k, IRA)

Bridge Loan Proceeds
Individual Development Account

Trust Account
Cash Value of Life Insurance (used for the transaction)

Account Type – use list above

Financial Institution

Account Number Provide TOTAL Amount Here

Cash or Market Value

2b. OTHER ASSETS YOU HAVE

Does not apply

Include all other assets below. Under Asset Type, choose from the types listed here:

Earnest Money
Proceeds from Sale of Non-Real Estate Asset

Proceeds from Real Estate Property to be sold on or before closing
Sweat Equity

Employer Assistance
Rent Credit
Secured Borrowed Funds

Trade Equity
Unsecured Borrowed Funds
Other

Asset Type – use list above
Provide TOTAL Amount Here

Cash or Market Value

2c. LIABILITIES - CREDIT CARDS, OTHER DEBTS, AND LEASES THAT YOU OWE

Does not apply

List all liabilities below (except real estate) and include deferred payments. Under Account Type, choose from the types listed here:

Revolving (e.g., credit cards)

Installment (e.g., car, student, personal loans)

Open 30-Day (balance paid monthly)

Lease (not real estate)

Other

Account Type – use list above

Company Name

Account Number

Unpaid Balance

Monthly Payment

2d. OTHER LIABILITIES AND EXPENSES

Does not apply

Include all other liabilities and expenses below. Choose from the types listed here:

Alimony

Child Support

Separate Maintenance

Job Related Expenses

Other

Monthly Payment

Borrower Name :*
Uniform Residential Loan Application
Freddie Mac Form 65 • Fannie Mae Form 1003
Effective 07/2019

Section 3: Financial Information — Real Estate.

This section asks you to list all properties you currently own and what you owe on them.

I do not own any real estate

3a. PROPERTY YOU OWN

If you are refinancing, list the property you are refinancing FIRST .
Address

Street :*

Unit # :*

City :*

State :*

ZIP :*

Property Value :*

Status: Sold, Pending Sale, or Retained:*

Monthly Insurance, Taxes, Association Dues, etc. if not included in Monthly Mortgage Payment*

For Investment Property Only Monthly Rental Income * For LENDER to calculate: Net Monthly Rental Income*

Mortgage Loans on this Property

Does not apply

Creditor Name

Account Number

Monthly Mortgage Payment

Unpaid Balance

Type: FHA, VA, Conventional, USDA-RD, Other

Credit Limit (if applicable)

3b. IF APPLICABLE, COMPLETE INFORMATION FOR ADDITIONAL PROPERTY

Does not apply

If you are refinancing, list the property you are refinancing FIRST .
Address

Street :*

Unit # :*

City :*

State :*

ZIP :*

Property Value :*

Status: Sold, Pending Sale, or Retained:*

Monthly Insurance, Taxes, Association Dues, etc. if not included in Monthly Mortgage Payment*

For Investment Property Only Monthly Rental Income * For LENDER to calculate: Net Monthly Rental Income*

Mortgage Loans on this Property

Does not apply

Creditor Name

Account Number

Monthly Mortgage Payment

Unpaid Balance

Type: FHA, VA, Conventional, USDA-RD, Other

Credit Limit (if applicable)

3c. IF APPLICABLE, COMPLETE INFORMATION FOR ADDITIONAL PROPERTY

Does not apply

If you are refinancing, list the property you are refinancing FIRST .
Address

Street :*

Unit # :*

City :*

State :*

ZIP :*

Property Value :*

Status: Sold, Pending Sale, or Retained:*

Monthly Insurance, Taxes, Association Dues, etc. if not included in Monthly Mortgage Payment*

For Investment Property Only Monthly Rental Income * For LENDER to calculate: Net Monthly Rental Income*

Mortgage Loans on this Property

Does not apply

Creditor Name

Account Number

Monthly Mortgage Payment

Unpaid Balance

Type: FHA, VA, Conventional, USDA-RD, Other

Credit Limit (if applicable)

Borrower Name :*
Uniform Residential Loan Application
Freddie Mac Form 65 • Fannie Mae Form 1003
Effective 07/2019

Section 4: Loan and Property Information.

This section asks about the loan’s purpose and the property you want to purchase or refinance.

4a. LOAN AND PROPERTY INFORMATION

4b. OTHER NEW MORTGAGE LOANS ON THE PROPERTY YOU ARE BUYING OR REFINANCING

Does not apply

Creditor Name

Lien Type

First Lien

Subordinate Lien

First Lien

Subordinate Lien

Monthly Payment

Loan Amount/Amount to be Drawn

Credit Limit (if applicable)

4c. RENTAL INCOME ON THE PROPERTY YOU EANT TO PURCHASE

For Purchase Only

Does not apply

Complete if the property is a 2-4 Unit Primary Residence or an Investment Property
Expected Monthly Rental Income
For LENDER to calculate: Expected Net Monthly Rental Income

Amount

4d. GIFTS OR GRANTS YOU HAVE BEEN GIVEN OR WILL RECIEVE FOR THIS LOAN

Does not apply

Include all gifts and grants below. Under Source, choose from the sources listed here:

Relative
Unmarried Partner
Employer

Religious Nonprofit
Community Nonprofit
Federal Agency

State Agency
Local Agency
Other

Asset Type: Cash Gift, Gift of Equity, Grant

Deposited/Not Deposited

Deposited

Not Deposited

Deposited

Not Deposited

Source – use list above

Cash or Market Value

Borrower Name :*
Uniform Residential Loan Application Freddie Mac Form 65 • Fannie Mae Form 1003 Effective 07/2019

Section 5: Declarations.

This section asks you specific questions about the property, your funding, and your past financial history.

5a. ABOUT THIS PROPERTY AND YOUR MONEY FOR THIS LOAN

A. Will you occupy the property as your primary residence? If YES, have you had an ownership interest in another property in the last three years? If YES, complete (1) and (2) below: (1) What type of property did you own: primary residence (PR), FHA secondary residence (SR), second home (SH), (2) How did you hold title to the property: by yourself (S), jointly with your spouse (SP), or jointly with another person (O)? or investment property (IP)?	Yes No Yes No
B. If this is a Purchase Transaction: Do you have a family relationship or business affiliation with the seller of the property?	Yes No
C. Are you borrowing any money for this real estate transaction (e.g., money for your closing costs or down payment) or obtaining any money from another party, such as the seller or realtor, that you have not disclosed on this loan application? If YES, what is the amount of this money?	Yes No
D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? 2. Have you or will you be applying for any new credit (e.g., installment loan, credit card, etc.) on or before closing this loan that is not disclosed on this application?	Yes No Yes No
E. Will this property be subject to a lien that could take priority over the first mortgage lien, such as a clean energy lien paid through your property taxes (e.g., the Property Assessed Clean Energy Program)?	Yes No

5b. ABOUT YOUR FINANCES

F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application?	Yes No
G. Are there any outstanding judgments against you?	Yes No
H. Are you currently delinquent or in default on a federal debt?	Yes No
I. Are you a party to a lawsuit in which you potentially have any personal financial liability?	Yes No
J. Have you conveyed title to any property in lieu of foreclosure in the past 7 years?	Yes No
K. Within the past 7 years, have you completed a pre-foreclosure sale or short sale, whereby the property was sold to a third party and the Lender agreed to accept less than the outstanding mortgage balance due?	Yes No
L. Have you had property foreclosed upon in the last 7 years?	Yes No
M. Have you declared bankruptcy within the past 7 years? If YES, identify the type(s) of bankruptcy: Chapter 7 Chapter 11 Chapter 12 Chapter 13	Yes No

Section 6: Acknowledgments and Agreements.

This section tells you about your legal obligations when you sign this application.

ACKNOWLEDGMENT AND AGREEMENT

I agree to, acknowledge, and represent the following statements to:

The Lender (this includes the Lender’s agents, service providers and any of their successors and assigns); AND
Other Loan Participants (this includes any actual or potential owners of a loan resulting from this application (the “Loan”), or acquirers of any beneficial or other interest in the Loan, any mortgage insurer, guarantor, any servicers or service providers of the Loan, and any of their successors and assigns).

By signing below, I agree to, acknowledge, and represent the following statements about:
(1) The Complete Information for this Application

The information I have provided in this application is true, accurate, and complete as of the date I signed this application.
If the information I submitted changes or I have new information before closing of the Loan, I must change and supplement this application or any real estate sales contract, including providing any updated/supplemented real estate sales contract.
For purchase transactions: The terms and conditions of any real estate sales contract signed by me in connection with this application are true, accurate, and complete to the best of my knowledge and belief. I have not entered into any other agreement, written or oral, in connection with this real estate transaction.
The Lender and Other Loan Participants may rely on the information contained in the application before and after closing of the Loan.
Any intentional or negligent misrepresentation of information may result in the imposition of:

(a) civil liability on me, including monetary damages, if a person suffers any loss because the person relied on any misrepresenta tion that I have made on this application, and/or (b) criminal penalties on me including, but not limited to, fine or imprisonment or both under the provisions of federal law (18 U.S.C. §§ 1001 et seq.).
(2) The Property’s Security

The Loan I have applied for in this application will be secured by a mortgage or deed of trust which provides the Lender a security interest in the property described in this application.

(3) The Property’s Appraisal, Value, and Condition

Any appraisal or value of the property obtained by the Lender is for use by the Lender and Other Loan Participants.
The Lender and Other Loan Participants have not made any representation or warranty, express or implied, to me about the property, its condition, or its value.

(4) Electronic Records and Signatures

The Lender and Other Loan Participants may keep any paper record and/or electronic record of this application, whether or not the Loan is approved.
If this application is created as (or converted into) an “electronic application”, I consent to the use of “electronic records” and “electronic signatures” as the terms are defined in and governed by applicable federal and/or state electronic transactions laws.
I intend to sign and have signed this application either using my: (a) electronic signature; or (b) a written signature and agree that if a paper version of this application is converted into an electronic application, the application will be an electronic record, and the representation of my written signature on this application will be my binding electronic signature.
I agree that the application, if delivered or transmitted to the Lender or Other Loan Participants as an electronic record with my electronic signature, will be as effective and enforceable as a paper application signed by me in writing.

(5) Delinquency

The Lender and Other Loan Participants may report information about my account to credit bureaus. Late payments, missed payments, or other defaults on my account may be reflected in my credit report and will likely affect my credit score.
If I have trouble making my payments I understand that I may contact a HUD-approved housing counseling organization for advice about actions I can take to meet my mortgage obligations.

(6) Use and Sharing of Information
I understand and acknowledge that the Lender and Other Loan Participants can obtain, use, and share the loan application, a consumer credit report, and related documentation for purposes permitted by applicable laws

Borrower’s Signature

Note : The form cannot be submitted until the signature is saved.

Clear Save Signature

Date:

Co-Borrower’s Signature

Note : The form cannot be submitted until the signature is saved.

Clear Save Signature

Date:

7: Demographic Information.

This section tells you about your legal obligations when you sign this application.

DEMOGRAPHIC INFORMATION OF BORROWER

The purpose of collecting this information is to help ensure that all applicants are treated fairly and that the housing needs of communities and neighborhoods are being fulfilled. For residential mortgage lending, Federal law requires that we ask applicants for their demographic information (ethnicity, sex, and race) in order to monitor our compliance with equal credit opportunity, fair housing, and home mortgage disclosure laws. You are not required to provide this information, but are encouraged to do so. You may select one or more designations for "Ethnicity" and one or more designations for "Race." The law provides that we may not discriminate on the basis of this information, or on whether you choose to provide it. However, if you choose not to provide the information and you have made this application in person, Federal regulations require us to note your ethnicity, sex, and race on the basis of visual observation or surname. The law also provides that we may not discriminate on the basis of age or marital status information you provide in this application. If you do not wish to provide some or all of this information, please check below.

To Be Completed by Financial Institution (for application taken in person):

Was the ethnicity of the Borrower collected on the basis of visual observation or surname? Was the sex of the Borrower collected on the basis of visual observation or surname? Was the race of the Borrower collected on the basis of visual observation or surname?

yes

The Demographic Information was provided through:

Face-to-face interview

Mail

Telephone

Internet

Interviewer’s Signature

Note : The form cannot be submitted until the signature is saved.

Clear Save Signature