CO-BORROWER INFORMATION (Required if real estate is titled in joint names)
LOAN REQUEST INFORMATION
I HEREBY PLEDGE THE FOLLOWING REAL ESTATE IN WHICH I (WE) HAVE EQUITY TO OBTAIN THIS LOAN:
I understand that an appraisal and current owner search are required at my expense. Please provide copy of deed, copies of previous 2 years W2's or income tax returns, copy of current real estate bills, proof of insurance and copy of your current mortgage statement.
I understand that a credit report will be obtained at my expense; please list any debts, including doctor bills, real estate expenses, automobile expenses, repairs, etc., that may not be reported to the credit bureaus below:
Please list ALL debts
Please include balance of loan, the monthly payment and who the loan is for.
I hereby certify that all statements made on both sides of this Application are true, complete and submitted for the purpose of obtaining credit. The Credit Union is authorized to check my credit, employment history, and obtain whatever other information is necessary to process this loan.
Debt/Income Ration (to be calculated by the Credit Union
I/we hereby approve this loan in the amount and on the conditions set forth above:
To be completed by Business Mgr:
Share balance $________________
Loan balance $________________
❏ Loan Officer Approval ____________________ Date
❏ Credit Committee Approval