NATIONAL NOTE BUYERS exists to help and inform all who need to know about mortgage notes and trust deeds, both residential and commercial.  We help individuals or companies create, sell, understand notes.  We are investors and do not lend money but purchase cash flows. We are determined not only to make great deals on  mortgages and trust deed notes which you are selling or buying, but strive to be a good neighbor. We shape our business decisions to improve the quality of life in the communities where we do business. 
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1003 Residential Loan Application

 

UNIFORM RESIDENTIAL LOAN APPLICATION

__________________________________________________________________________________
This 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 will not be used as basis for loan qualification, but his or her liabilities must be considered because the Borrower 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 property state as a basis for repayment of the loan.
I. TYPE OF MORTGAGE AND TERMS OF LOAN
Mortgage    V.A.   Conventional Other: Agency Case No.              Lender Case No.
applied for  FHA  FmHA                                                                   
____________________________________________________________________________________
Loan Amount                            Interest Rate:                           No. of months     Amortization Fixed rate ARM (Type):
$%Type: GPM  Other (explain):
                                                                                                                                                                        
II. PROPERTY INFORMATION AND PURPOSE OF LOAN
 Subject Property Address (street, city, state, ZIP)                                                                                     |No. of Units
                                                                                                                                   
Legal Description of Subject Property (attach description if necessary)                                           |Year built
Purpose of Loan Purchase  Construction  Other (explain):Property will be:
                                                                                                                                                                  Investment
                                                                                                                                                           Primary Secondary
                                Refinance Construction-Permanent                                                    Residence   Residence
__________________________________________________________________________________
Complete this line if construction or construction-permanent loan.
Year Lot          |Original Cost        |Amount Existing     |(a) Present Value    |(b) Cost of           |Total (a + b)
                                                                Liens                       |of Lot                         Improvements
Acquired$          $  $  $    $
__________________________________________________________________________________
Complete this line if this is a refinance loan.
Year                  |Original Cost   |Amount Existing Liens   |Purpose of Refinance     Describe Improvements made
Acquired$$  to be made
                                                                                                                                                       Cost$
__________________________________________________________________________________
Title will be held in what Name(s)                                    Manner in which title will be held |Estate will be held in:
Fee SimpleLeasehold   
Source of Down Payment, Settlement Charges and/or Subordinate Financing (explain)         (Show expiration date) 
            
           Borrower                                             III. BORROWER INFORMATION                                            Co-Borrower        
Borrower's Name (include Jr. or Sr. if applicable                |Co-Borrower's Name (include Jr. or Sr. if applicable 
              
Social Security Number |Home Phone (include area code)  Social Security Number |Home Phone (include area code)
             
Age                       Years School                      Age                       Years School
Married  Unmarried (include single, divorced               Married Unmarried (include single divorced  
Separated                           widowed)                                         Separated                           widowed)
Dependents (not listed by C0-Borrower)                                       Dependents (not listed by Borrower)
No. Ages                                No. Ages
Present Address (street, city, state,zip)Own Rent          Present Address (street, city, state,zip) Own Rent
                                                                       No. Years                                                                              No. Years
                                                                                                                                                                                                                                                                    
If residing at present address for less than two years, complete the following:
Former Address (street, city, state,zip)  Own Rent        Former Address (street, city, state,zip)   Own Rent
                                                                         No. Years                                                                              No. Years
                                    
 
Former Address (street, city, state,zip)  Own Rent          Former Address (street, city, state,zip)   Own Rent
                                                       No. Years                                                                              No. Years
                                      
            Borrower                                           IV. EMPLOYMENT INFORMATION                                        Co-Borrower  
If employed in current position for less than two years or if currently employed in more than on position, complete the following:
Name and Address of Employer      Self Employed                 Name and Address of Employer Self
                                                                                                                                                                                      Employed        
                                       
Years on this job                                                                         Years on this job
Years employed in this line of work/profession                 Years employed in this line of work/profession
Position/Title/Type of Business:                                                              Position/Title/Type of Business:
                    
Business Phone (including area code)                                                    Business Phone (including area code)
                    
 If employed in current position for less than two years or if currently employed in more than one position, 
complete the  following:
Name and Address of Employer      Self Employed                    Name and Address of Employer  Self
                                                                                                                                                                                        Employed        
                                       
Dates: fromto                                             Dates: from to
Monthly Income $                                                Monthly Income $
Position/Title/Type of Business:                                                               Position/Title/Type of Business:
                     
Business Phone (including area code)                                                     Business Phone (including area code)
                     
Name and Address of Employ      Self Employed                       Name and Address of Employer  Self
                                                                                                                                                                                     Employed        
                                       
Dates: fromto                                             Dates: from to
Monthly Income $                                                Monthly Income $
Position/Title/Type of Business:                                                             Position/Title/Type of Business:   
                      
Business Phone (including area code)                                                          Business Phone (including area code)
                    
V. MONTHLY INCOME AND COMBINED HOUSING EXPENSE INFORMATION
GROSS MONTHLY INCOME                     BORROWER                      CO-BORROWER                        TOTAL
Base Employment Income*               $    $    $   
Overtime                                                 $    $    $
Bonuses                                                   $    $    $
Commissions                                         $    $    $
Dividends/Interest                                $    $    $
Net Rental Income                               $    $    $
Other (before completing,                           $    $    $
see the notice in "describe                              $    $    $
other income," below)                                    $    $    $
TOTAL                                           $    $    $
__________________________________________________________________________________
COMBINED
 MONTHLY HOUSING EXPENSE            PRESENT                                           PROPOSED
Rent                                                          $      $ 
First Mortgage (P&I)                           $      $
Other Financing (P&I)                         $      $
Hazard Insurance                                  $      $
Real Estate Taxes                                  $      $
Mortgage Insurance                              $      $
Homeowner Association Dues           $      $
Other                                                         $      $
TOTAL                                                      $      $
 
*Self Employed Borrower ( s ) may be required t 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
$  
$
$  
$
VI. ASSETS AND LIABILITIES
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 that the 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 about a spouse,
  this Statement and supporting schedules must be completed about that spouse also.         
                                                           COMPLETED Jointly    Not Jointly
__________________________________________________________________________________
                                    ASSETS                                                                                               CASH OR MARKET VALUE                     
Description
Cash deposit toward purchase held by:                                                                            $
 List checking and savings accounts below:  
Name and address of Bank, S&L, or Credit Union:
Account Number                          $
__________________________________________________________________________________
Name and address of Bank, S&L, or Credit Union:
Account Number                          $
__________________________________________________________________________________
Name and address of Bank, S&L, or Credit Union:
 
Account Number                          $
___________________________________________________________________________________
Name and address of Bank, S&L, or Credit Union:
 
Account Number                          $
____________________________________________________________________________________
Name and address of Bank, S&L, or Credit Union:
 
Account Number                          $
__________________________________________________________________________________
Stocks & Bonds (Company name/number & Description                                                $
        $
        $
        $
       $
__________________________________________________________________________________
Life insurance net cash value                                                                                                     $
Face amount                                                                                                                                   $ 
Subtotal Liquid Assets                                                                            $  
Real estate owned ( enter market value from schedule of real estate owned )             $
Vested interest in retirement fund                                                                                             $  
Net Worth of business(es) owned ( attach financial statement )                                      $
Automobiles owned ( make and year) :
          $
          $
          $
          $
Other Assets itemized:
          $
          $
          $
          $
 
Total Assets a.    $
___________________________________________________________________________________
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 real estate owned
  or upon refinancing. 
 
        LIABILITIES                                                          Monthly Payment and                                        Unpaid Balance        
                                                                                           Months left to pay                
Name and address of Company
  $Payt.Mos.            $
       
    
  Account Number
 
Name and address of Company
  $Payt.Mos.             $
       
    
  Account Number
 
Name and address of Company
  $Payt.Mos.             $
       
    
  Account Number
 
Name and address of Company
  $Payt.Mos.             $
       
    
  Account Number
 
Name and address of Company
  $Payt.Mos.             $
       
    
  Account Number
 
Name and address of Company
  $Payt.Mos.             $
       
    
  Account Number
 
Name and address of Company
  $Payt.Mos.              $
       
    
  Account Number
 
Alimony/Child Support/Separate Maintenance Payments:
Owed to:       $
 
Job Related Expense ( child care, union dues, etc.
    $
    $
    $
    $
 
TOTAL MONTHLY PAYMENTS                                $
 
Net Worth ( a-b ) $ Total Liabilities  b.    $  
 
. 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                       Type of         Present                  Amount of        
pending sale or R if rental being held for income)  Property    Market Value      Mortgages & Liens    
      $ $  
      $ $  
      $ $  
      $ $  
      $ $  
        TOTAL $ $  
        
                                    Gross                                 Mortgage                         Insurance                               Net            
                            Rental Income                        Payment                          Maintenance,               Rental Income      
                                                                                                                            Taxes & Misc.
                    $    $    $   $
                    $    $    $   $
                    $    $    $   $
                    $    $    $   $
                    $    $    $   $
 TOTALS   $    $    $   $
______________________________________________________________________________
List any additional names under which credit has previously been received and indicate appropriate creditor
  name (s) and account numbers (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. Borrowers closing cost paid by
 Seller                                                            $
l. Other Credits (explain)                        $
  $
  $
  $
  $
  $
  $
  $
  $
  $