What is 1003

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Please provide details about 1003

larry · Joined: 27 Jun 2007 Posts: 3245 460.30 Dollars($)

Hi Srisha,

Welcome to the forum,

1003 form is a loan application form that is widely used in the mortgage industry. The lender uses this form to record all the financial information of a borrower who apply for a loan. To know about the details of this 1003 form, you can go through a sample form homeloans.securesites.com/pdf/application.pdf

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This form is used to record information of applicants looking for mortgage for conventional 1-4 family mortgage.

livinginnky · Posted: Sat Sep 08, 2007 9:09 pm Post subject:

A 1003 is a Residential Home Loan Application

it consists of the following information -

1. Name and Personal Information
2. Job History
3. Living History (Rent or Buy)
4. Employment History
5. Assets and Credit Information
6. Government Tracking Info
7. May or may not contain specific property details (final application will contain property info)

It is important to provide as much of the details as possible. This is an important part of the loan process that many people skip over. This is a huge mistake as lenders and underwriters do not skip over anything.

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