A 1003
is a Uniform Residential Loan Application.
The 1003 will look the same no matter what
residential lender you work with. It's exactly the same form that
everybody in the industry uses.
This 1003 application is generally several pages
long, and each page requires either intials or a signature, or both.
This application is part of the initial process of applying for a
mortgage loan.
Many mortgage broker's websites offer secured 1003
application submissions.
Most loan officers will be happy to help you fill
out the initial 1003.
A married couple filling out the 1003 can apply on
the same application. However if you are applying with someone else and
you are not married then you must fill out two separate applications.
A 1003 or Uniform Residential Loan Application is
the standard loan application completed by borrowers when applying for
a mortgage loan.
The 1003, loan application, needs to be filled out
as completely and accurately as possible. Any intentional or negligent
misrepresentations of the information completed on a loan application
may result in civil liability.
The purpose of the 1003 application is to document
your personal and financial information for use by an underwriter in
the loan process.