UKRAINIAN SELFRELIANCE FCU

PURCHASE / REFINANCE CHECK LIST return to menu

Name: / Account Number:

PLEASE SUPPLY ALL CHECKED ITEMS.

(Additional documentation may be requested)

1 / X / A completed FNMA 1003 Application (using the enclosed instruction sheet).

2 / X / Interest Rate Lock Agreement.
3 / Copy of a non-expired, Government Issued, photo identification;
Example: Drivers’ License, Passport or “Green Card”
4 / X / Signed Credit Report Inquiry Release
5 / X / Application Fee - $300
6 / X / Appraisal Fee: Single Family ____ $300; 2 – 4 Family ____ $450;
Other Fees: Amount:$______(Amount to be determined by settlement date)
(Surcharge may apply to non-Philadelphia, PA properties)
7 / X / Copies of the last two years signed Income Tax Returns
(Including all schedules, W-2’s and 1099’s).
8 / X / IRS FORM 4506-T: Request for Transcript of Tax Return
9 / X / Self-employed members must provide signed copies of last three years Income Tax Returns
(Including all schedules, W-2’s and 1099’s).
10 / X / Income:
W2 wage earner: Provide last three pay stubs
Social Security income: Provide current Social Security statement
Retirement income: Provide current statement of retirement pension
Rental income: Provide current lease(s) and 3 month history of rental income deposits
11 / Verification of Employment.
12 / X / Bank Statements for the last two months (Savings,Checking,CDs,Money Market,Stocks,Bonds,etc.)
13 / Deposit Verification (purchase).
14 / X / Sales Contract (purchase) or Copy of Deed (refinance).
15 / Homeowner’s insurance.
16 / City Certificate/Occupancy Permit.
17 / Title Search / Insurance
18 / Current Mortgage Statement (refinance).
19 / Flood insurance (if applicable).
20 / Termite Inspection
21 / X / Copy of paid Real Estate Taxes (Refinance - statement and receipt)
22 / Private Mortgage Insurance may apply (if down payment is less than 20%)
23 / Recording and Satisfaction fees may apply

Loan department fax number: 215-725-2074

Please be advised that all parties to be listed on the deed must be on the mortgage application and be present at settlement.

Ukrainian Selfreliance Federal Credit Union
Interest Rate Lock
Borrower's Name(s)______Account Number______
Property Address______Rate Lock Date______
Loan Term______Loan Amount______Interest Rate______Expiration Date______
The mortgage interest rate lock options available at Ukrainian Selfreliance FCU are listed below. These options allow the Borrower to lock the interest rate for 60, 90, or 120 days from the rate lock date or to float the interest rate. This Interest Rate Lock is an agreement between Ukrainian Selfreliance FCU and the borrower. This agreement specifies the number of days and a loan's interest rate, which will be guaranteed by Ukrainian Selfreliance FCU. Should interest rates rise, and your loan conditions met, Ukrainian Selfreliance FCU is obligated to honor the rate locked. Should interest rates decrease, the interest rate for the loan is the rate seven (7) calendar days prior to the closing date.
RATE LOCK OPTIONS (Please initial one)
______
(Initial) / 60 DAY RATE LOCK (Free)
The Borrower chooses to lock the interest rate of the loan for up to 60 days from the rate lock date indicated above.
______
(Initial) / 90 DAY RATE LOCK (.125% - minimum $150.00)
Lock the interest rate of the loan for up to 90 days from the rate lock date indicated above. There is a rate lock fee associated with this option, due immediately.
______
(Initial) / 120 DAY RATE LOCK (.25% - minimum $250.00)
Lock the interest rate of the loan for up to 120 days from the rate lock date indicated above. There is a rate lock fee associated with this option, due immediately.
Borrower understands that if the closing does not occur within the locked period, for any reason what-so-ever,the interest rate for the loan is the rate seven (7) calendar days prior to the closing date.The undersigned has read this rate lock agreement and has verified that it is accurate. This agreement is effective upon signed acceptance by an authorized employee of Ukrainian Selfreliance Federal Credit Union.This agreement does not constitute a loan commitment or approval and has no impact upon the loan decision process.This Agreement, if mailed, and fee, must be received and processed by Ukrainian Selfreliance Federal Credit Union within seven (7) calendar days of the "rate lock date" cited above or it shall be null and void.
Rate Lock Fee Is Non-Refundable
______
Borrower's Signature Date Co-Borrower's Signature Date
Accepted: ______
Ukrainian Selfreliance Federal Credit Union Date

Ukrainian Selfreliance Federal Credit Union

CREDIT REPORT INQUIRY RELEASE

I certify that all information given in this application and on any attachment, both written or printed is true and correct to the best of my knowledge, and represents my current financial conditions accurately, and that I have no other debts other than those stated. It is agreed that the application shall be the property of the credit union whether or not this loan is granted. If there are important changes, I will notify the credit union in writing immediately.

I understand that my false statements, or willful overvaluation of any land, property or security, for the purpose of influencing in any way the action of any Federal Credit Union upon any loan application, is a violation of Section 1014, Title 18, U.S. Code.

I authorize the credit union to gather whatever credit information that is considered necessary to appropriate.

In considering this application, the credit committee/loan officer may request, and use a report from outside credit report agencies. They may also ask a reporting agency or agencies for other such reports in connection with renewal or continuation of the credit for which I/we are applying.

I authorize the credit union to give information concerning its credit experience with myself to others.

If this application is signed by more than one person, the word "I" shall mean all those who sign the application.

x______

Applicant's Signature Date

x______

Spouse/Co-Applicant Signature Date

x______

Witness