Please Note: Once your assignment is submitted and graded, the grade will be final, no re-submissions will be allowed.

Instructions:

Open Loan Application Form 1003 (Links to an external site.)

Also printed on pages 199 - 203 of your textbook.

For this week's assignment, please list and Describe each of the 10 sections of the Uniform Residential Loan Application Fannie Mae Form 1003.

For example: for Section I, you will write... "Type of Mortgage and Terms of Loan", description.... is this application for a conventional or VA or FHA loan, what is the amount being borrowed, interest rate desired, for how long, and will it be a fixed rate or adjustable rate loan.

Now will need to do the same for Sections 2 - 10 !