Loan Application

I (we) certify that the information provided is true and correct to the best of my (our) knowledge and belief. Applicant(s) acknowledges that the Lender has made no commitment, express or implied, to extend credit and that nothing contained in this loan application and agreement shall be construed to commit the Lender to extend new or renew existing credit to Applicant(s).

In the event credit is extended pursuant to this application, the undersigned Applicants constitute and appoint
to act for and on behalf of all Applicants, to do and perform any and all lawful acts or things necessary, individually in his (her) name in accepting, receiving and receipting for disclosures and the proceeds of the loan. Applicant(s) hereby authorizes the Lender to withhold and pay from the loan proceeds; (a) such amount as may be necessary to satisfy any of all existing liens upon the property offered as security of the loan to Applicant(s); (b) any or all charges and fees assessed by the Lender in connection with such extension of credit, including but not limited to loan service fees, filing or recording fees, notary fees, and any or all other charges or fees incident to the making the loan to Applicant(s).

In conjunction with this application, I (we) agree and consent that the Lender and their successor and assigns may obtain a credit report, employment and income verification, or any other information relating to my (our) financial position. Any person or firm is hereby authorized to provide such information requested by the Lender.

In the event credit, in any amount, is extended to Applicant(s) pursuant to this application, Applicant(s) understands and agrees that such credit and any and all future extensions of credit by the Lender are subject to the terms and conditions above, in addition to such other terms and conditions as may be contained in any promissory notes, additional advance applications, loan agreements, security agreements, financing statements, mortgages or deeds of trust, and any other instruments executed by Applicant(s) in connection with such extension or extensions of credit.

Do not sign this application and agreement before you read it.
You are entitled to a copy of this application and agreement.
If your loan is to be secured by a lien on a residence, you have the right to a copy, please write to us. You may be required to reimburse the Lender for the cost of the appraisal. We must hear from you no later than 90 days after we notify you about the action taken on your application or you withdraw your application.

***** Due to the sensitive nature, privacy and confidentiality of the applications we do not ask for any social security numbers, birth dates or account numbers on the applications. We will contact you by telephone to verify this information once we receive them.