Section 1 : Borrower Information

1a. Personal Information

○ I am applying for Individual Credit

Select if you are the only Borrower applying for the mortgage loan.

○ I am applying for Joint Credit Select if there are two or more Borrowers applying for the mortgage loan.

Total Number of Borrowers Enter the number of Borrowers completing application(s) for this transaction (and signing the note if the loan is approved).

Dependents Enter based on the definition of “Dependents” applicable for your loan (the definition may be different for FHA, VA, USDA-RD, and Conventional loans). If you are unsure, ask us to clarify.

Current, Former, and Mailing Address

If the street address includes a unit number, enter it in the “Unit #” field. Enter the country or province for non-United States addresses.

○ No Primary Housing Expense ▪ Select if you are not obligated to pay rent OR you do not own the home where you live (for example, if you live with relatives and are under no obligation to pay monthly rent).

▪ Do not select if you own the home where you live and there are no mortgage liens or home equity loans on the property. Instead, select Own.

1b. Current Employment/Self-Employment and Income

▪ Complete this section for each job, self-employment, or business you own from which you receive income and that you would like considered in qualifying for this loan.

▪ Select Does not apply and skip to Section 1d. Previous Employment/Self-Employment and Income if you: do not have a job AND are not self-employed AND do not own a business.

Employer or Business Name ▪ Enter the name of your employer, OR

▪ Enter the name of the business that you own, OR

▪ Enter your name if you are self-employed and do not operate under a business name.

Phone ▪ Enter the main phone number of your employer.

▪ Do not enter your personal work phone number here because you reported it under Contact Information in Section 1a.

Gross Monthly Income Section ▪ Enter all income you receive from this employer each month, filling in the applicable line items and TOTAL.

▪ Do not enter income here if you are self-employed or own a business; instead enter that income in Monthly Income (or Loss).

Gross Monthly Income - Military Entitlements

▪ Enter the sum of Military Entitlements you receive for Active, Reserve, or National

Guard duty, excluding Base pay [for example, Basic Allowance for Subsistence (BAS), Basic Allowance for Housing (BAH), and other military entitlements shown on the Leave and Earnings Statement (LES)].

▪ Enter Military Base pay in Base.

Gross Monthly Income – Other ▪ Enter other monthly income you receive from this job that is not otherwise specified in the line items above. (The entry of Other income is not common.)

▪ Enter non-employment income in Section 1e. Income from Other Sources.

Business Owner or Self-Employed – Ownership Share

Select the percentage of the business you own.

Business Owner or Self- Employed – Monthly Income (or Loss)

▪ Enter the amount of income (or loss) earned from self-employment or the business you own.

▪ Enter a loss as a negative number using the following format: “-3,000”.

▪ We can assist you in calculating this income.

1c. IF APPLICABLE, Complete Information for Additional Employment/Self Employment and Income

▪ Complete this section only if you have income from more than one job, self-owned business, or self-employment.

▪ Repeat this section for each job, self-owned business, or self-employment that you would like considered by the

Lender.

▪ Select Does not apply and skip to Section 1d. Previous Employment/Self-Employment and Income if you do not have

more than one job, self-owned business, or self-employment.

1d. Previous Employment/Self Employment and Income – Provide at least 2 years of current and previous employment and income.

▪ Complete this section if you have received income from your current job(s) or self-employment(s) for less than two

years.

▪ Describe any periods of unemployment (for example, you were a student or homemaker).

▪ Select Does not apply and skip to Section 1e. Income from Other Sources if you have earned income from a job, self-

employment, or self-owned business for the past 2 or more years, or if you did not have any previous jobs or self-employment.

1e. Income from Other Sources

▪ Enter income you receive from sources other than your current employment or self-employment that you would like

considered in qualifying for the loan.

▪ If the source of your income is not listed, ask your Lender for guidance.

▪ Select Does not apply and skip to Section 2a. Assets – Bank Accounts, Retirement, and Other Accounts You Have if

you do not receive income from any other sources.

Related Topics:                                                           Sections of Uniform Residential Loan Application

Section 1 : Borrower Information               Section 2: Financial Information - Assets and Liabilities               Section 3: Financial Information - Real Estate               Section 4: Loan and Property Information               Section 5: Declarations               Section 6: Acknowledgements and Agreements               Section 7: Military Service               Section 8: Demographic Information               Section 9: Loan Originator Information

Related to Uniform Residential Loan Application:                    

Additional Borrower Application, if applicable          Continuation Sheet, if applicable          Unmarried Addendum, if applicable

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