By:  Robert A. Hulme - Loan Officer - Realtor

Once you have decided on a Loan Officer to represent you in obtaining a Home Loan, the first step that you need to take is the Uniform Residential Loan Application (Form 1003).  This loan application has been used for many years.  It is very complete and allows the lender to evaluate your ability to repay your home loan or mortgage.

In today's Real Estate market with all the fraud that has taken place in the home buying process, the loan application has become a very important piece of information in helping determine whether fraud has taken place.  When filing out the 1003, it is very important to be as complete and accurate as possible.  When things go wrong following the purchase of a home, this is the first place that lenders go to determine if the borrower had made any false representations.  Do not sign your 1003 until you have reviewed your application for any errors that may have been recorded.