Go Back to Table of contents

                    LOAN APPLICATION    

 If you have already signed a Purchase Contract on a home or wish to refinance your current property, this is the questionnaire to complete.

Answering these questions will only take about 20 minutes. To help you understand how to answer the questions, we have included a Guide to the right of some questions. If you don't know the answer to any question or don't want to answer some of the questions, just skip them.  If you'd like help, just call our office at 303-394-2121.   We'll take whatever information you have given us and work with it.  When you are finished entering information, click the SUBMIT button on the bottom.  This is a free service and you are under no obligation to place your loan with us.  We hope this will help you in your home purchase process.  

PLEASE USE THE TAB KEY TO MOVE FROM FIELD TO FIELD, OR YOUR MOUSE POINTER. 

DO NOT HIT THE ENTER KEY AS THIS WILL 'SUBMIT' YOUR FORM PREMATURELY.

Let's Get Started!

First name                    

Last name                    

Social Security Number 

How many months have you lived at your current address?                  

If you've had a bankruptcy, how many months ago was it discharged?  

If you've had a foreclosure, how many months ago was it final?             

Will you occupy the property you are purchasing as your home?  Yes    No

Have you owned a home in the last three years?   Yes   No

Select the options that describe the home or property you are buying or own (if refinancing)

type               For a description of each type of property, click on House types.

Usage          

state            

city                 (type in)

Address of property to finance  
    city, state, zip                     

If you have a preference for a particular loan type (30 year fixed, 5 year arm, etc.) please specify below:


Closing date preferred for loan and comments (Purchase Contract closing date if a purchase)

Monthly Income Worksheet Guide
If Self-employed, enter Monthly income  
If you own 25% or more of a business and will use the income to qualify, then please complete this section.  If you are unsure how to determine your income, use the income your declared on last year's income tax return.
If you are on a salary or wage,  please enter Monthly amounts in the next  8 boxes  You can be BOTH Self-employed and a wage earner if you have both income types.  If so, also fill in the next 8 boxes.
Base Income                               Base income includes gross (pretax) wages and salary.  Your income stability may be verified using your W-2 forms and pay stubs.  Anticipated salary increase can be included if they can be verified, by, for example, a letter from your employer, and will take effect prior to closing.
Overtime                                    Enter the average of the income you received over the last two years if overtime is expected to continue.
Bonuses                                      Enter the average of the amount your received over the last two years if the bonus income is expected to continue.
Commissions                               Enter the average of the commissions you received over the last two years, less any unreimbursed business expenses you declared on your federal tax returns.
Alimony & child support received  Enter the gross amount of regularly received alimony and child support and/or separate maintenance that will continue for at least three more years according to the divorce decree.  If you do not intend to use this for income qualification, it is not required.
Dividends and/or interest              Enter the average of your dividend and interest income over the last two years, but do not include earnings from the funds you are removing for downpayment or closing costs.
Rental income                              If the rental income comes from the property being financed, enter the rent you receive from your tenants.  However, if rental income comes from other property, then reduce the total by 25% of the income to cover vacancy allowance and maintenance.  If you have a mortgage payment on the property, subtract the payment.  If the balance is positive, then enter it here.  If it is negative, then don't enter it here, but rather enter it as a loss on your Debt Worksheet.
Other income                                Add any other income, such as retirement, disability, permanent worker's compensation, military allowances or income from a second job here.
Total Income                              
Monthly Debt Worksheet Enter MONTHLY amounts.  Include only those debts which have 10 or more months remaining.  Do not include normal expenses like groceries.
Include payments to revolving charge accounts and credit cards.  Use 5 percent of the amount outstanding on your credit card or the most recent minimum monthly payment.
If a loan has a fixed payment amount on a regular schedule, include it here, i.e., car loans, student loans, etc.
   Account type                           Amount               Account Number           Bank or company
Alimony & child support payments   Include payments for alimony and child support and separate maintenance that you make, if more than 10 months remain.
Mortgage payments or rent on primary residence                                       If you are purchasing a 2nd home or investment property, enter the amount of your mortgage payment or rent on your present home which you will continue to occupy.  Include homeowner's dues, 2nd mortgage payments, etc., if any.   
Rental income loss                         For other property you own and rent, take the gross income and subtract 25% for vacancy and maintenance.  If it is a loss, put it here, otherwise put it in the Rental Income of the Income section.
Mortgage payments on other property                                        Enter the monthly mortgage payment(s) on any other property you own if the payment is expected to continue more than 10 months.  Include any home owner's dues or home equity lines of credit payments.
Total                                              
Cash and Liquid Assets Worksheet  
                 Include balances on checking, saving, certificates of deposit and other cash like assets you own.
                  
                  
                  
                  
Investment accounts  
                            Include the current value of stocks, bonds, mutual funds and other marketable securities that can be converted to cash.  Subtract an allowance for taxes and associated fees you will pay upon liquidation.
                             
                             
Other Liquid Assets  
Sale of current residence                             Include the net amount of cash you will realize from the sale of your current residence.  Enter an estimate if the sale is proposed or still pending.
Retirement funds                            Include 401(k), IRA or other retirement funds that can be converted to cash.  Subtract any taxes or costs of selling these assets.
Gifts                                              Enter any gift money you will receive to assist you in purchasing your home.
Life insurance cash value                Include the cash value of life insurance policies you hold.  You must be the owner, not the beneficiary.
Other funds                                    Include the money you have deposited on the purchase contract along with relocation benefits, bridge loan proceeds, sale of personal property, etc.
Total Cash and Liquid Assets           
If Purchasing, Down payment and Home Price Skip this section if refinancing
How much cash do you have for the down payment and closing costs?                                                   If you know information for this section, enter it, otherwise leave it blank.
Approximate price of your next home   
How much of your down payment will come from an unsecured loan?                                   
If Refinancing, Complete these next four questions Skip this section if purchasing
Approximate market value of your property 
Approximate loan(s) owed on your property
Interest rate on your current loan                  
What is your primary reason for refinancing?
 This box will expand to accept as much information as you wish to enter.
Loan Information  
How many years do you plan on keeping the new loan before either paying it off (usually by selling it) or by refinancing?                                       These questions will help us select some different loan types for you to consider.  Again, if you don't know the answers, just skip them.

Personal Information

Are you at least 21 years old?  Yes  No  
Are you a U. S. Citizen?             Yes  No
I authorize you to obtain a credit report at no cost to me  Yes  No
Street address                
Apartment number          
city                                  
state                                  
zip                                 
email address                 
Home telephone number   
Office telephone number    
Best time to call at home 
Best time to call at work 

name of your realtor if you have one 
Telephone number of your realtor       
Fax number of your realtor                   
Advise your realtor of your loan application?  Yes   No

If you know anyone at The Mortgage Network, please enter their name?

comments, suggestions or questions you may have.  Box will roll down as you type if you need more room.

Will you apply with a Co-Borrower?   See Using a Co-Borrower.  Yes  No
If you will apply with a Co-Borrower, what is the Social Security Number of Co-Borrower?
If the Co-Borrower has not completed this questionnaire, please have them do so.

Congratulations!  Simply click on the Submit Form box below and we'll order a copy of your credit report, analyze your financial position and contact you within 24 hours.  Thank you for the opportunity to provide this free service.

   (Only use the Reset Form if you do not want to be Pre-Approved)

                                  Go Back to Table of contents


Copyright © 2001 Computer Services Corporation All rights reserved.
Revised: August 31, 2003