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How to Fill Out Information for Loan Qualification Using Income or Assets of Others
- Click ‘Get Form’ to open the Uniform Residential Loan Application in our editor.
- In Section I, select the type of mortgage you are applying for and ensure to check the box indicating if income or assets from a person other than the Borrower will be used.
- Proceed to Section III, where you will enter Borrower and Co-Borrower information. Ensure that all relevant details about the Co-Borrower, including their income and assets, are accurately filled out.
- In Section VI, clearly list all assets and liabilities. If applicable, indicate whether this section is completed jointly or not. Make sure to include any income from the Co-Borrower or other individuals whose financials are being considered.
- Review all sections carefully before submitting. Ensure that any necessary boxes regarding additional income sources are checked.
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How do I sign my 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 without printing?
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