1.
Loan Product
Select
the loan product for which you want to
prequalify. (If you are not sure, use
the answer already provided. The 30 Year
Fixed is a common loan product and is
a good one to start with for the purpose
of prequalifying.)
30
Year Fixed
20 Year
Fixed
15 Year
Fixed
10 Year
Fixed
10
Year Fixed/ARM
7
Year Fixed/ARM
10
Year Balloon
7 Year
Balloon
5 Year
Balloon
5
Year Fixed/ARM
3 Year
ARM
1 Year
ARM
6 Month
ARM
1 Month
ARM
at
Zero Points
1.0 point
or less
2.0 points or less
2.
Estimated Purchase Price: $
3.
State:
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District
of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North
Carolina
North
Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode
Island
South
Carolina
South
Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West
Virginia
Wisconsin
Wyoming
4.
The property I am planning to buy is a:
Single
Family Residence
Condominium
Coop
Two Family Residence
Three Family Residence
Four Family Residence
5.
Property will be used as:
Borrower's
Primary Residence
Borrower's
Secondary Residence
Rental/Investment
6.
What are the estimated monthly carrying
costs for the property?
$
- Monthly taxes for 1-4 Family and Condo
$
- Monthly common charges for Condo or
Coop Maintenance
7.
Liquid Assets Available $
(Include all sources of cash, e.g. checking,
savings, 401K, mutual funds. Do not include
gifts from members of your family - see
question # 8)
8.
Total Gift Funds $
(If you have/will receive funds from family
members, enter the total amount of these
gifts here. This amount should not be
included in the total cash available in
Question #7. )
9.
My/Our Gross Monthly Income is: (Include
all before tax income from all sources)
10.
My Total Monthly Obligations (Exclude
credit card balances) are:
$
Car Payments/Lease
$
Student Loan Payments
$
Other (Child Support, Alimony, installment/Personal
Loans, etc... )
11.
My Total Credit Card Balance is: $
(Exclude
accounts which must be paid in full at
the end of each month, i.e. American Express)
12.
I will consider a loan with a penalty
for prepayment:(may allow
you to qualify for a larger purchase)
Yes
No
13.
My credit grade is:
A
B
C
D
14.
I can/will provide income documentation:
Yes
No