required paperwork for mortgage loansfreddie mac form 65 6/09 page 1 of 4 fannie mae form 1003 6/09...
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Required Paperwork for Mortgage Loans
Required Paperwork for Home Equity Loans
Self-employed applicants or applicants with commission income will need to provide a year-to-date balance sheet and a pro�t and loss statement.
Also required are the last two year’s tax returns with original signatures.
For New Construction: Original construction contract, bid, set of plans and speci�cation from contractor are also required.
Flip Kraus903-323-1214
[email protected]: 584161
Marybel Castillo903-323-1247
[email protected]: 1076194
Tina Brandt903-323-1155
[email protected]: 1112907
Adam Norton903-323-1217
[email protected]: 658523
Courtney Selph903-323-1249
[email protected]: 658525
Deloris Cook903-323-1215
[email protected]: 1111252
Longview Office • 409 E. Loop 281 • Longview, TX 75608 • 800-256-5009 • Fax 903-323-0280Spring Hill Office • 3801 Gilmer Rd. • Longview, TX 75604 • 903-295-5680 • Fax 903-295-7085Pine Tree Office • 3502 W. Loop 281 • Longview, TX 75604 • 903-297-6915 • Fax 903-295-3803
Lufkin Office • 406 College Dr. • Lufkin, TX 75904 • 936-634-2292 • Fax 936-634-2295Marshall Office • 305 S. Alamo Blvd. • Marshall, TX 75670 • 903-938-8801 • Fax 903 938-5342
Kilgore Office • 304 N. Kilgore St. • Kilgore, TX 75662 • 903-983-2513 • Fax 903-983-2427Nacogdoches Office • 1407 Cardinal Rd. • Nacogdoches, TX 75961 • 936-564-0458 • Fax 936-560-0657
Tyler Office • 850 Rice Rd. • Tyler, TX 75703 • 903-581-5431 • Fax 903-561-5284Henderson Office • 1201 Highland Dr. • Henderson, TX 75652 • 903-657-3375 • Fax 903-657-1464
www.etpcu.org • Federally insured by NCUA •
___1. Original sales contract___2. Last two year’s W-2s___3. Paycheck stubs from the last 30 days___4. Copy of last two month’s checking, savings and investment account statements___5. Copy of old survey (also needed for re�nance)
___1. Copy of statement from the County Appraisal District showing appraised value of your property___2. Previous year’s W-2(s)___3. Last two paycheck stubs___4. Last month’s bank statements for both checking and savings accounts ___5. Copy of homeowner’s insurance policy___6. Copy of title insurance policy___7. Warranty Deed or Deed of Trust
130 HL - FNMA 1003/FHLMC 65 (8/12/09)Stock No. 11518W.B.A.
Freddie Mac Form 65 6/09 Page 1 of 4 Fannie Mae Form 1003 6/09
Uniform Residential Loan ApplicationThis 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 beused 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 andBorrower 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 prop-erty 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 Co-Borrower
I. TYPE OF MORTGAGE AND TERMS OF LOAN
II. PROPERTY INFORMATION AND PURPOSE OF LOAN
III. BORROWER INFORMATION
IV. EMPLOYMENT INFORMATION
Mortgage � VA � Conventional � Other (explain):Applied for: � FHA � USDA/Rural Housing Service
Purpose of Loan � Purchase � Construction � Other (explain):
� Refinance � Construction-Permanent
� Married �� Separated
Property will be:
� � �
Amortization � Fixed Rate � Other (explain):Type: � GPM � ARM (type):
Agency Case Number
Amount
$
Subject Property Address (street, city, state & ZIP) No. of Units
Interest Rate
%
No. of Months
Lender Case Number
Legal Description of Subject Property (attach description if necessary)
Title will be held in what Name(s)
Source of Down Payment, Settlement Charges, and/or Subordinate Financing (explain)
Borrower’s Name (include Jr. or Sr. if applicable)
Social Security Number
Former Address (street, city, state, ZIP) � Own � Rent______________No. Yrs. Former 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
Present Address (street, city, state, ZIP) � Own � Rent______________No. Yrs.
Name & Address of Employer � Self Employed
Position/Title/Type of Business Business Phone (incl. area code)
Home Phone (incl. area code)
Dependents (not listed by Co-Borrower)no. ages
DOB (MM/DD/YYYY) Yrs. School
Co-Borrower’s Name (include Jr. or Sr. if applicable)
Manner in which Title will be held Estate will be held in:
� Fee Simple
� Leasehold(show expiration date)
Complete this line if construction or construction-permanent loan.
Year LotAcquired
Complete this line if this is a refinance loan.
YearAcquired
Year Built
PrimaryResidence
SecondaryResidence Investment
Original Cost
$
Original Cost
$
Amount Existing Liens
$
Amount Existing Liens
$
(a) Present Value of Lot
$
Purpose of Refinance
(b) Cost of Improvements
$
Describe Improvements � made � to be made
Cost: $
Total (a + b)
$
Borrower Co-Borrower
Borrower Co-Borrower
Unmarried (include single,divorced, widowed)
Unmarried (include single,divorced, widowed)
Social Security Number Home Phone (incl. area code) DOB (MM/DD/YYYY) Yrs. School
� Married �� Separated
Dependents (not listed by Borrower)no. ages
If residing at present address for less than two years, complete the following:
If employed in current position for less than two years or if currently employed in more than one position, complete the following:
Yrs. on this job
Yrs. employed in this lineof work/profession
Name & Address of Employer � Self Employed
Position/Title/Type of Business Business Phone (incl. area code)
Yrs. on this job
Yrs. employed in this lineof work/profession
Name & Address of Employer � Self Employed
Position/Title/Type of Business Business Phone (incl. area code)
Dates (from - to)
Monthly Income
$
Name & Address of Employer � Self Employed
Position/Title/Type of Business Business Phone (incl. area code)
Dates (from - to)
Monthly Income
$
Name & Address of Employer � Self Employed
Position/Title/Type of Business Business Phone (incl. area code)
Dates (from - to)
Monthly Income
$
Name & Address of Employer � Self Employed
Position/Title/Type of Business Business Phone (incl. area code)
Dates (from - to)
Monthly Income
$
Freddie Mac Form 65 6/09 Page 2 of 4 Fannie Mae Form 1003 6/09
V. MONTHLY INCOME AND COMBINED HOUSING EXPENSE INFORMATION
VI. ASSETS AND LIABILITIES
Gross Monthly Income Borrower Co-Borrower Total Present ProposedCombinedMonthly Housing Expense
Base Empl. Income*
Overtime
Bonuses
Commissions
Dividends/Interest
Net Rental Income
Other (before completing, seethe notice in “describe otherincome.” below.)
Total
$ $ $
$ $ $
Rent
First Mortgage (P&I)
Other Financing (P&I)
Hazard Insurance
Real Estate Taxes
Mortgage Insurance
Homeowner Assn. Dues
Other:
Total
$
$
$$
* Self Employed Borrower(s) may be required to provide additional documentation such as tax returns and financial statements.
Describe 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 Monthly Amount
$
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 thatthe 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 abouta 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
DescriptionCash deposit toward purchase held by:
List checking and savings accounts below
Name and address of Bank, S&L, or Credit Union
Acct. No. $
Cash or MarketValue
$
Name and address of Bank, S&L, or Credit Union
Acct. No. $
Name and address of Bank, S&L, or Credit Union
Acct. No. $
Name and address of Bank, S&L, or Credit Union
Acct. No. $
Stocks & Bonds (Company name/number $& description)
Life Insurance net cash value $
Face amount: $
Real estate owned (enter market value $
from schedule of real estate owned)
Net worth of business(es) owned $
(attach financial statement)
Automobiles owned (make and year) $
Other Assets (itemize) $
Vested interest in retirement fund $
Subtotal Liquid Assets $
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 realestate owned or upon refinancing of the subject property.
LIABILITIES
Name and address of Company
Acct. No.
Monthly Payment &Months left to Pay
$ Payment/Months
UnpaidBalance
$
Name and address of Company
Acct. No.
$ Payment/Months $
Name and address of Company
Acct. No.
$ Payment/Months $
Name and address of Company
Acct. No.
$ Payment/Months $
Name and address of Company
Acct. No.
$ Payment/Months $
Name and address of Company
Acct. No.
$ Payment/Months $
Name and address of Company
Acct. No.
$ Payment/Months
Alimony/Child Support/Separate Maintenance PaymentsOwed to:
Job Related Expense (child care, union dues, etc.)
Total Monthly Payments
Net Worth
(a minus b)
$
$
$
$$
$
� Total Liabilities b.$Total Assets a.
Freddie Mac Form 65 6/09 Page 3 of 4 Fannie Mae Form 1003 6/09
VI. ASSETS AND LIABILITIES (cont.)
Schedule of Real Estate Owned (If additional properties are owned, use continuation sheet.)
Property Address (enter S if sold, PS if pending saleor R if rental being held for income)
Type ofProperty
Totals $ $ $ $ $ $
$ $ $ $ $ $
PresentMarket Value
Amount ofMortgages & Liens
GrossRental Income
MortgagePayments
NetRental Income
InsuranceMaintenance,Taxes & Misc.�
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 $
b. Alterations, improvements, repairs
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
h. Discount (if Borrower will pay)
i. Total costs (add items a through h)
j. Subordinate financing
k. Borrower’s closing costs paid by Seller
l. Other Credits (explain)
m. Loan amount
(exclude PMI, MIP, Funding Fee financed)
n. PMI, MIP, Funding Fee financed
o. Loan amount (add m &n)
p. Cash from/to Borrower
(subtract j, k, l & o from i)
If you answer “Yes” to any questions a through i, please use continuation
sheet for explanation.
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?
e. Have you directly or indirectly been obligated on any loan which resultedin foreclosure, transfer of title in lieu of foreclosure, or judgment?(This would include such loans as home mortgage loans, SBA loans, home improvement loans, educationalloans, manufactured (mobile) home loans, any mortgage, financial obligation, bond, or loan guarantee. If“Yes,” provide details, including date, name and address of Lender, FHA or VA case number, if any, andreasons for the action.)
f. Are you presently deliquent or in default on any Federal debt or anyother loan, mortgage, financial obligation, bond, or loan guarantee?If “Yes,” give details as described in the preceding question.
g. Are you obligated to pay alimony, child support, or separate maintenance?
h. Is any part of the down payment borrowed?
i. Are you a co-maker or endorser on a note?
j. Are you a U.S. citizen?
k. Are you a permanent resident alien?
l. Do you intend to occupy the property as your primary residence?If “Yes,” complete question m below.
m. Have you had an ownership interest in a property in the last three years?
(1) What type of property did you own--principal residence (PR),second home (SH), or investment property (IP)?
(2) How did you hold title to the home--solely by yourself (S), jointlywith your spouse (SP), or jointly with another person (O)?
Borrower
Yes No
� �� �� �
� �� �
Co-Borrower
Yes No
� �� �� �
� �� �
� �
� �� �� �� �� �� �
� �
� �
� �� �� �� �� �� �
� �
IX. ACKNOWLEDGMENT AND AGREEMENT
X. INFORMATION FOR GOVERNMENT MONITORING PURPOSES
Each of the undersigned specifically represents to Lender and to Lender’s actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees andacknowledges that: (1) the information provided in this application is true and correct as of the date set forth opposite my signature and that any intentional or negligent misrepresentation of thisinformation contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I havemade on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) the loanrequested pursuant to this application (the “Loan”) will be secured by a mortgage or deed of trust on the property described in this application; (3) the property will not be used for any illegal orprohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a residential mortgage loan; (5) the property will be occupied as indicated in thisapplication; (6) the Lender, its servicers, successors or assigns may retain the original and/or an electronic record of this application, whether or not the Loan is approved; (7) the Lender and itsagents, brokers, insurers, servicers, successors and assigns may continuously rely on the information contained in the application, and I am obligated to amend and/or supplement the informationprovided in this application if any of the material facts that I have represented herein should change prior to closing of the Loan; (8) in the event that my payments on the Loan become delinquent,the Lender, its servicers, successors or assigns may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and account information to oneor more consumer reporting agencies; (9) ownership of the Loan and/or administration of the Loan account may be transferred with such notice as may be required by law; (10) neither Lendernor its agents, brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the condition or value of theproperty; and (11) my transmission of this application as an “electronic record” containing my “electronic signature,” as those terms are defined in applicable federal and/or state laws (excludingaudio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this applicationwere delivered containing my original written signature.Right to Receive Copy of Appraisal. I/We have the right to a copy of the appraisal report used in connection with this application for credit. To obtain a copy, I/we must send Lender a writtenrequest at the mailing address Lender has provided. Lender must hear from me/us no later than 90 days after Lender notifies me/us about the action taken on this application, or I/we withdrawthis application.Acknowledgement. Each of the undersigned hereby acknowledges that any owner of the Loan, its servicers, successors and assigns, may verify or reverify any information contained in thisapplication or obtain any information or data relating to the Loan, for any legitimate business purpose through any source, including a source named in this application or a consumer reportingagency.
The following information is requested by the Federal Government for certain types of loans related to a dwelling in order to monitor the lender’s compliance with equal credit opportunity,fair housing and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender may not discriminate eitheron the basis of this information, or on whether you choose to furnish it. If you furnish the information, please provide both ethnicity and race. For race, you may check more than onedesignation. If you do not furnish ethnicity, race or sex, under Federal regulations, this lender is required to note the information on the basis of visual observation and surname if you havemade this application in person. If you do not wish to furnish the information, please check the box below. (Lender must review the above material to assure that the disclosures satisfy allrequirements to which the lender is subject under applicable state law for the particular type of loan applied for.)
Borrower’s Signature: Date Co-Borrower’s Signature: Date
X X
BORROWER
Ethnicity:
Race:
Sex:
������
�
�
�
�
To be Completed by Loan Originator:
This information was provided:In a face-to-face interviewIn a telephone interviewBy the applicant and submitted by fax or mailBy the applicant and submitted via e-mail or the Internet
����
CO-BORROWER
Ethnicity:
Race:
Sex:
������
�
�
�
�
I do not wish to furnish this information
Hispanic or Latino Not Hispanic or Latino
American Indian or Alaska Native
Asian White Black or African American
Native Hawaiian or Other Pacific Islander
Female Male
I do not wish to furnish this information
Hispanic or Latino Not Hispanic or Latino
American Indian or Alaska Native
Asian White Black or African American
Native Hawaiian or Other Pacific Islander
Female Male
Loan Originator’s Signature
XLoan Originator’s Name (print or type)
Loan Origination Company’s Name
Loan Originator Identifier
Loan Origination Company Identifier
Loan Originator’s Phone Number (including area code)
Loan Origination Company’s Address
Date
Continuation Sheet/Residential Loan Application
Use this continuation sheet if youneed more space to complete theResidential Loan Application.Mark B for Borrower or C forCo-Borrower.
Borrower: Agency Case Number:
Lender Case Number:Co-Borrower:
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 underthe provisions of Title 18, United States Code, Section 1001, et seq.
Borrower’s Signature: Date Co-Borrower’s Signature: Date
X X
Freddie Mac Form 65 6/09 Page 4 of 4 Fannie Mae Form 1003 6/09
IMPORTANT INFORMATION ABOUT
PROCEDURES FOR OBTAINING CREDIT
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 obtains credit.
What this means for you: When you obtain credit, 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.
NOTICE: We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be
reflected in your credit report.
NOTICE TO MARRIED APPLICANTS: No provision of any marital property agreement, unilateral statement under §766.59, Wis. Stats., or court decree
under §766.70 adversely affects the interest of the creditor unless the creditor, prior to the time the credit is granted or an open-end credit plan is entered
into, is furnished a copy of the agreement, statement or decree or has actual knowledge of the adverse provision.
I hereby authorize the Lender to verify my past and present employment earnings records, bank accounts, stock
holdings and any other asset balances that are needed to process my mortgage loan application. I further
authorize the Lender to order a consumer credit report and verify other credit information, including past and
present mortgage and landlord references. It is understood that a copy of this form w ill also serve as
authorization.
The information the Lender obtains is only to be used in the processing of my application for a mortgage loan.
NOTICE TO BORROWERS: This is notice to you as required by the Right to Financial Privacy Act of 1978 that
HUD/FHA has a right of access to f inancial records held by f inancial inst itut ions in connection w ith the
consideration or administrat ion of assistance to you. Financial records involving your transaction w ill be available
to HUD/FHA w ithout further notice or authorization but w ill not be disclosed or released by this inst itut ion to
another Government Agency or Department w ithout your consent except as required or permitted by law .
6 /9 2-2 3 B (9 2 0 7 ).0 2 VM P M ortgage Solut ions (8 0 0 )5 2 1 -7 2 9 1
1. Borrow er(s)
3. Date 4. Loan Number
PART I - General Information
BORROWER SIGNATURE AUTHORIZATION
Borrow er
Borrow er
Co-Borrow er
Co-Borrow er
Date
Date
Date
Date
PART II - Borrow er Authorization
2. Lender Name and Address
You are applying for a mortgage loan covered by the Real Estate Settlement ProceduresAct (RESPA) (12 U.S.C. 2601 et seq.). RESPA gives you certain rights under FederalLaw. This statement describes whether the servicing for this loan may be transferred to adi�erent loan servicer.
“Servicing” refers to collecting your principal, interest, and escrow payments, any, aswell as sending any monthly or annual statements, tracking account balances, andhandling other aspects of your loan. You will be given advance notice before a transferoccurs.
Servicing Transfer InformationWe may assign, sell, or transfer the servicing of your loan while the loan is outstanding.
SERVICING DISCLOSURE STATEMENT NOTICE TO FIRST LIENMORTGAGE LOAN APPLICANTS: THE RIGHT TO COLLECT YOUR
MORTGAGE LOAN PAYMENTS MAY BE TRANSFERRED
“Warning: Intentionally or knowingly making a materially false or misleading written statement to obtain property or credit, including a mortgage loan is a violation of Section 32.32, Texas Penal Code, and depending on the amount of the loan or value of the property, is punishable by imprisonment for a term of 2 years to 99 years and a �ne not to exceed $10,000.00.
“I/we, the undersigned home loan applicant(s), represent that I/we have received, read, and understand this notice of penalties for making a materially false or misleading written statement to obtain a home loan.
“I/we represent that all statements and representations contained in my/our identity, employment, annual income, and intent to occupy the residential real property secured by the home loan, are true and correct as of the date of loan closing.”
Warning
_________________________________ ________________
_________________________________ ________________Applicant Date
Co-Applicant Date
APPROVED COUNSELING AGENCIES
The counseling agencies on this list are approved by the U. S. Department of Housing and
Urban Development (HUD), and they can offer independent advice about whether a particular
set of mortgage loan terms is a good fit based on your objectives and circumstances, often at
little or no cost to you. This list shows you several approved agencies in your area. You can
find other approved counseling agencies at the Consumer Financial Protection Bureau’s
(CFPB) website: consumerfinance.gov/mortgagehelp or by calling 1-855-411-CFPB (2372).
You can access a list of nationwide HUD-approved counseling intermediaries at
http://portal.hud.gov/hudportal/HUD?
1. Cccs of Greater Dallas – Longview 2. Marshall Housing Authority
1800 NW Loop 281 1401 Poplar St.
Suite 201 Marshall, TX 75670-2115
Longview, TX 75604-2568 Website: https://www.hud.gov
Website: http://www.cccs.net Phone: 903-938-0717
Phone: 903-297-2900 Email Address: [email protected]
Email Address: [email protected]
3. Cccs of Greater Dallas – Tyler 4. Caddo Community Action Agency
1001 Ese Loop 323 4055 Saint Vincent Ave
Suite 323 Shreveport, LA 71108-2542
Tyler, TX 75701-96664 Website: Not Available
Website: http://www.cccs.net Phone: 318-861-4808
Phone: 214-638-2227 Email Address: [email protected]
Email Address: [email protected]
5. Volunteers of America of North Louisiana 6. Money Management International Lufkin
520 Olive St. Ste B-200 2718 S Medford Dr.
Shreveport, LA 71104-2312 Lufkin, TX 75901-6122
Website: https://voanorthla.org http://www.moneymanagement.org
Phone: 318-221-8404 Phone: 866-232-9080
Email Address: [email protected] [email protected]
USA Patriot Act Information Disclosure Important Information about Application Procedures
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 every customer. What this means to you: When you apply for a loan, 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. I/We acknowledge that I/we received a copy of this disclosure. _______________________________ ______________ Borrower Date _______________________________ ______________ Borrower Date
RIGHT TO RECEIVE A COPY OF AN APPRAISAL
BORROWER(S):_______________________________________________________________
PROPERTY ADDRESS:_________________________________________________________
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.
You have a right to receive a copy of all written appraisals developed in connection with the
application. In accordance with the Equal Credit Opportunity Act (ECOA) East Texas
Professional Credit Union agrees to provide you a copy of the appraisal and/or other written
valuations promptly upon completion or three business days before consummation, whichever is
earlier.
( ) NEW APPRAISAL DONE BY A FEE APPRAISER IN CONNECTION WITH THIS
LOAN.
( ) STATEMENT FROM A CENTRAL APPRAISAL DISTRICT SUPPORTING
THE VALUE USED FOR THE PROPERTY IN LIEU OF A NEW APPRAISAL
( ) EXISTING APPRAISAL REPORT LESS THAN 2 YEARS OLD
( ) OTHER EVALUATION USED IN CONNECTION WITH THIS LOAN.
Borrower(s) acknowledges receipt of an exact copy of this document
BORROWER: ________________________________________ DATE:____________
BORROWER:_________________________________________ DATE:____________
I/We hereby waive the ECOA Valuations Rule requiring receipt of the valuation 3 business days
before consummation and agree to the delivery of the valuation at or before consummation or
account opening.
BORROWER: ________________________________________ DATE:____________
BORROWER:_________________________________________ DATE:____________