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Florida Mortgage Corporation offers over 200 different
Mortgage Programs for any borrower or type of
property.
Some of the various
mortgage programs do
NOT
require the requested information or documentation.
If you are applying for a
Foreign National,
No Doc,
No
Ratio, or other special program, and not sure what is required,
contact us
for assistance.
Please include COPIES of the following items with your completed
application. The required documents will help speed the loan process.
If you have any
questions, please do not hesitate to call us. We look forward to working
with you, and making the loan process a smooth and pleasant experience.
APPLICATION
Instructions for
completing each section of the loan application.
***A common rule
is that all information listed on the application is on a monthly basis.***
Section I. Type of Mortgage and Terms of Loan
This portion of the loan application can be left blank, and will be
completed by your loan officer, upon agreement of a program and rate.
Section II. Property Information and Purpose of Loan
Please complete this section. Depending on whether you are purchasing or
refinancing will determine which sections to complete.
For a purchase, complete the following: the property address, year built,
purpose of loan, property will be, title will be held in what Name(s),
manner in which title will be held (i.e. Sole and Separate, Joint Tenants
with Right of Survivorship, Community Property with Right of Survivorship,
etc…), and source of down payment (i.e. sale of home, savings, etc.)
For a refinance, complete the following: the property address, year built,
purpose of loan, property will be, year acquired, original cost, purpose of
refinance, describe improvements, title will be held in what Name(s), manner
in which title will be held (i.e. Sole and Separate, Joint Tenants with
Right of Survivorship, Community Property with Right of Survivorship, etc…),
and source of down payment (i.e. sale of home, savings, etc.)
Section III. Borrower Information
Please complete all of this section. Please remember to include at least two
years of residence history. Any portions left blank will have to be
completed upon receipt of the application by your loan officer.
Section IV. Employment Information
Please complete all of this section. Again, please remember to include at
least two years of continuous employment history. We will need your
employers mailing address and a phone number.
Section V. Monthly income and combined housing expense income.
This section can be left blank and will be completed by your loan officer
upon review of your paystubs, W2s or tax returns, whichever he/she requests.
Section VI. Assets and Liabilities
Page 2
Under the assets section, please list all checking, savings, money market,
401K, retirement accounts, etc. We will need all account numbers. Also,
please list any automobiles owned, and any other assets (i.e. personal
property value).
Under the liabilities, please list any accounts with balances, along with
the loan/account numbers (i.e. mortgages, automobile loans, credit cards,
students loans, personal lines of credit, etc.) When listing your monthly
payments, please remember that these should be your required minimum
payments, regardless of what you pay each month.
Also, if you are responsible for paying alimony or child support, please
list the amount and whom you pay each month.
Page 3
Please list all real estate owned. In the first column,
Column #1: Please list the address(es).
Column #2: Property Status. This would include owner occupied (O/O), sold
(S), pending sale (P/S), or a rental (R).
Column #3: Type of property. This would include Single Family Residence
(SFR), Condo, Townhouse, Land, etc.
Column #4: Present Market Value. Please give us an estimate of the property
value.
Column #5: Amount of Mortgages and liens. Please total the principal
balances that you owe on each property and enter in this column.
Column #6: Gross Rental Income. If your property is a rental, please list
the monthly income you receive according to the rental agreement.
Column #7: Mortgage payments. Please total the amount of your monthly
mortgage payments and list in this column.
Column #8: Insurance, Maintenance, Taxes & Misc. Please total the monthly
payments of your insurance, taxes, HOA fees, etc. and list in this column.
If your taxes and insurance are impounded in your monthly mortgage payment,
please leave this section blank.
Column #9: Please leave this section blank to be completed by your loan
officer.
Section VII. Details of Transaction.
This portion of the loan application can be left blank, and
will be completed by your loan officer.
Section VIII. Declarations.
Please check all boxes that apply.
Section IX. Acknowledgement and Agreement.
Please sign and date this section.
Section X. Information for Government Monitoring Purposes.
Please check all boxes that apply.
·
TWO MOST
“CURRENT” PAYCHECK STUBS
·
PAST TWO YEAR'S
W-2 TAX STATEMENTS — MOST CURRENT
·
SELF-EMPLOYED
ONLY: PAST TWO YEARS TAX RETURNS (ALL SCHEDULES & ALL PAGES)
·
CORPORATION
ONLY: PAST TWO YEARS CORPORATE RETURNS AND YTD PROFIT & LOSS
·
THREE “MOST
RECENT” MONTHLY STATEMENTS FOR BANK ACCOUNTS, STOCKS, MUTUAL FUNDS,
401-K, PENSION, CD's, ETC., “ALL PAGES”.
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PURCHASE OF HOME:
COPY OF “SIGNED” SALES CONTRACT — ALL PAGES
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REFINANCE:
1 - OWNER'S TITLE POLICY, 2—LAND SURVEY, 3—WARRANTY DEED, AND 4
—HOMEOWNER'S POLICY. ALL “FOUR” OF THESE ITEMS ARE REQUIRED
·
COPIES OF
DIVORCE DECREE/SEPARATION AGREEMENT ( IF APPLICABLE)
·
APPRAISAL FEE:
TO BE DETERMINED
·
COPY OF VALID DRIVER’S LICENSE FOR “EACH” LOAN APPLICANT (PATRIOT
ACT)
APPLICATION
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