Equity Line of Credit
This application is designed to be completed by the applicant(s) with the Lender's assistance. Applicants should complete this form as "Borrower" or "Co-Borrower," as applicable.
Co-Borrower information must also be provided land the appropriate box checked) when D the income or assets of a person other than the Borrower (including the Borrower's spouse)
will be used as a basis for loan qualification or D the income or assets of the Borrower's spouse or other person who has community property rights pursuant to state law will not be
used as a basis for loan qualification, but his or her liabilities must be considered because the spouse or other person has community property rights pursuant to applicable law and
Borrower resides in a community property state, the security property is located in a community property state, or the Borrower is relying on other property located in a community
property state as a basis for repayment of the loan.
If this is an application for joint credit, Borrower and Co-Borrower each agree that we intend to apply for joint credit (sign below):
1 Simple I
No. of mos. Monthly payment
Principal & Interest
Single Family Dwelling
2-4 Family Dwelling
Address of property to be improved
Cash down payment Purchase price
Present value of home
Title in name of
Address of title holder
Mortgage Type: Is your present first mortgage a
conventional graduated payment mortgage or an FHA
245 mortgage loan?
| No |
| Yes If yes, attach payment schedule
Yr. house built No. of rooms No. of bedrooms No. of baths Family room or den
Gross living area
(Specify type & no.)
If this is a new residential structure, has it been completed and occupied for 90 days or longer?
Reason For Line (Home Improvements, Investment, Education. Debt Consolidation)