California statement of interest addendum explained 2025

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  1. Click ‘Get Form’ to open the California Statement of Interest Addendum in the editor.
  2. Begin by entering the Borrower(s) name, Date, and Loan Number at the top of the form. Ensure accuracy as this information is crucial for your application.
  3. Next, fill in the Property Address and Loan Originator details. This section identifies the property securing your loan.
  4. Complete the Broker and NMLS # fields. These are essential for compliance with lending regulations.
  5. In the Borrower & Co-Borrower Statement section, indicate if anyone other than you claims any interest in the property by selecting YES or NO. If YES, provide their names in the designated fields.
  6. Finally, ensure both Borrower and Co-Borrower sign and date at the bottom of the form to validate your statements.

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What is the Unmarried Addendum form in the redesigned URLA used for? The unmarried addendum is to be completed when there are two or more borrowers applying for joint credit who are not legally married to each other.
Multiple parties can indeed claim a homestead interest in a property securing a loan, particularly in cases of joint ownership or marriage. For example, a spouse not listed on the loan can still have a claim to the property. The specific details can vary based on state laws and property ownership arrangements.
This document is essential for borrowers applying for residential mortgage loans in California. It provides guidelines for ownership interests and requirements for signature. Ensure compliance with California law regarding registered domestic partners and spouses.