What is a 1003 Mortgage Application

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What Is a 1003 mortgage application?

• Dunhill Homes

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Intro

• One of the very first steps in the home-buying
  process is the filling out of a 1003 mortgage
  application
• The information provided on the 1003 will be
  used to qualify you for a home loan
• Next, we will take a look at what kinds of
  information will be requested on a 1003

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What types of questions will be asked?

• Address of the property you wish to buy
• Purchase price of the property
• Addresses of additional addresses you own
• Liability information (mortgage's, credit cards,
  auto payments, etc.)
• All your assists (Bank accounts, IRAs, etc.)

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Used multiple times in the loan process

• Initially when making the loan application
• Also, during closing
• For more information visit us online
  http//www.dunhillhomes.com/blog/what-is-a-1003-mo
  rtgage-application/

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• Thank you.