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What is a uniform residential loan application?

Share: If youre in the process of buying a house, youve probably come across several unfamiliar acronyms, like HUD. For many prospective home buyers, the U.S. Department of Housing and Urban Development (HUD) can be the key that unlocks the door to homeownership.

Which borrower information is contained in the Uniform Residential loan Application (URLA)?

The HUD/VA Addendum to the Uniform Residential Loan Application is a supplementary document used by applicants for government-backed loans to provide additional demographic information.

What is a hud addendum to uniform residential loan application?

The 1003 loan application, or Uniform Residential Loan Application, is the standardized form most mortgage lenders in the U.S. use. The form is required by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) for mortgages that they purchase from lenders.

What is the meaning of addendum to loan application?

Addendum to Residential Loan Application means the affidavit contained in the Program Manual, on which each prospective Mortgagor must certify to certain facts in order to comply with federal tax laws.