How to complete this section
This form is an exact copy of the Fannie Mae Uniform Residential Loan Application (commonly referred to as an URLA or form 1003).
It is accepted by all lenders in the US.
You can find Fannie Mae's detailed instructions for how to complete this form at the link below:
https://singlefamily.fanniemae.com/media/7036/display
All but two of the requirements laid out in the form are Fannie Mae requirements, not Credify requirements.
The two exceptions are the Open to Offers Date and Closed to Offers Date, which are important to ensure you get the best deal possible on Credify, so please read the notes on both Open to Offers Date and Closed to Offers Date carefully.
All the data you provide is completely secure and only the information needed to make a lending decision is shared with brokers and lenders.
You will never receive unwanted phone calls or emails from brokers or lenders on Credify because we do not publish those details or any other personally identifying information about you.
What follows are some guidance notes on exactly what each field means and if the field is required in the Borrower Info form page (the first one first form page), it will be marked as such. Much of the rest is self explanatory.
If you would like more detailed guidance, please refer to Fannie Mae's instructions at the link below:
https://singlefamily.fanniemae.com/media/7036/display
Open to Offers Date
*Required
The Open to Offers Date is the date on which you wish the application to go live on Credify.
You can put your mortgage application onto Credify as far into the future as you wish. Doing so increases your chances of getting a better deal.
The Open to Offers Date is the date on which we will show some information about your application to brokers and lenders so they can make accurate mortgage offers for your situation.
To give an example, please review copy in bold below.
For example, let's say you did a cash out in Texas 2 months ago for property improvements but realised you needed more money. In Texas, you can only do one cashout every 6 months. so you would have to wait. This may impact the Open to Offers Date you would use.
Lenders can see the total volume of mortgage demand with an Open to Offers Date 15 months into the future and may decide to offer a special rate to you and all other borrowers like you in a bid to secure a lot of mortgages at once in a very efficient way.
In this scenario, you could benefit from an interest rate lower than you could get as an individual borrower.
Closed to Offers Date
*Required
The Closed to Offers Date is the date by which you need to agree to a mortgage offer.
You can always extend the Closed to Offers Date if you want, provided you extend it before the Closed to Offers Date.
In most cases, it is sensible to have a Closed to Offers Date between 21 and 30 days before you need to complete the mortgage transaction.
Do not confuse the Closed to Offers Date for offers with the Closed Date of the loan.
For information on each section, see their respective help documents.
Section Guide - Borrower Information
For each borrower on the loan, we require borrower information.
Below is a list of the subsections, their fields and explanations for some fields that may be less clear.
Personal Information
First Name - This is the legal first name of the primary borrower.
Middle Name (optional)
Last Name - This is the legal last name of the primary borrower.
Suffix – if your name has a suffix such as “Jr”, put it here separately)
Alternate Names – if you have any other known names (for example Matt Smith in the case of your full legal name being Matthew Smith, or your maiden name if you got married), or if you have other names that you have previously received credit/loans under
Social Security Number
Date of Birth
Citizenship – your citizenship status with respect to the USA
Type of Credit – are you borrowing as an individual, or with someone else, for example, a spouse? If you are borrowing with others, you will need to provide equivalent borrower information for that individual as well
Marital Status
Number of Dependents – number of children or dependents under your care
Age of Dependents – enter a comma separated list. For example if you have three children, you might put “3, 7, 14” here
Contact Information
Phone and Email
Your current contact details for communication regarding this official application. Fill in one of home or cellphone number at a minimum, as well as an email address.
You will still get Credify emails on your account email, so you do not need to use the same email address here for the application.
Current Address
Here, complete the address you currently live at. If you have lived at your current address for less than 2 years, please use the “+” to add new addresses until you have listed all addresses you have lived at for any period within the last 2 years.
Housing – here, declare whether you currently own or rent your current residence, or if you neither own nor rent it (e.g. living with family).
Mailing Address
Where does your mail currently get sent? Select “same as current address”, or provide a new address.
Current Employment/Self-Employment Income
This section tells lenders about your employment or self-employment income and the companies you worked for.
If you have had more than one employer in the last two years, click the ADD button to add more fields.
Employer Business Name – please provide the official/legal name of the employer.
Position or Title – what was/is your position at the employer?
Phone – what is the phone number of the employer? If possible, provide the phone number of HR, a public facing secretary who can provide information to any callers, or your direct manager
Street address information
Start Date and End Date – what was/is your start date with the employer and the end dates of past employment?
Years in this line of work – for how many years have you been doing this line of work for all employers? For example if you had an electrical engineering job for 18 months but have been in the industry for 7 years, put 7 years
Months in this line of work – for how many months have you been doing this line of work for all employers?
Are you employed by someone party to this transaction? – put yes if your current employer is in any way involved with the mortgage application, e.g. as the property owner, a co-borrower, etc.
Are you a business owner of self-employed? – If you are employed by a business that is party to the transaction, are you an owner of the business? If so, what is your percentage of ownership?
Gross Monthly Income
The following section breaks your income down into its component parts. Your W2 and pay stubs will have most of this information
Base – your base monthly income in USD
Overtime – your average monthly overtime in USD
Bonus – your average monthly bonus in USD. If you receive a yearly bonus, just divide this by 12
Commission – any monthly commissions in USD
Military Entitlements – how much do you receive in Military Entitlements each month?
Other – Do you have any other income from your employment, such as rental/travel subsidies? Do not include investment income here – see the next section for detailing income from outside your current employment
Income from Other Sources
Reveal other income ONLY IF you want it considered in determining your qualification for this loan.
This section is where you tell lenders about other, regular income you receive which you want to have considered in the mortgage application, which has not already been mentioned. This should not include your regular income (as declared earlier) or military entitlements.