Citi First Financial

INCOME PROPERTY LOAN APPLICATION PAGE 1 | PAGE 2 |TRANSACTION NARRATIVE

INCOME PROPERTY LOAN APPLICATION - Page 1 [ TOP ]

Loan Applied For:

Loan Amount:*

Estimated Rate:*

Amortization Years:*

Term Years :*

PROPERTY INFORMATION

Property Type:*

Property Address:*

County:*

Country, City, State/Province, Zip/Postal *

Owner-User	Owner-Occupied %*	Rentable Sq. Ft.*	Lot Sq. Ft. *	No. Bldgs.*	No. Stories *	No. Units*	Pkg. Spaces*	Year Built*
Yes

REFINANCE LOAN TRANSACTION

Purchased Date*	Purchased Price*	Property Value*	1st Mortgage Balance*	2nd Mortgage Balance*
Select Date
Cash Out Funds Used For:

PROPERTY or OWNER-USER INCOME and EXPENSES

Gross Income or Gross Sales *
Cost of Sales, if applicable *
Operating Expenses *

CERTIFICATION and ACKNOWLEDGEMENT

I (We), the undersigned Borrowers(s), certify that all statements made in this application are accurate to the best of my (our) knowledge and understand that it is a federal crime, punishable by fine or imprisonment or both, to knowingly make any false statement concerning any of the facts stated herein.


Borrowers Signature Date	Co-Borrowers Signature Date

INCOME PROPERTY LOAN APPLICATION - Page 2 [ TOP ]

Borrower is: *
Property Title Name:*

Individual or Business Name*
Federal Tax ID Number
Date of Birth *
Marital Status *
Mailing Address *
City, State/Province, Zip/Postal *
Phone Number *
Email Address *

Employer Name *
Years with Employer *
Type of Business *

Annual Income
Dividends/Interest
Net Rental Income
Other Income (Describe Below)
Other Income Description
Total Annual Income *

FINANCIAL STATEMENT

	Assets	Liabilities
Checking & Savings Accounts		Revolving Debt
Stocks and Bonds		Installment Debt
Vested Retirement Accounts		Real Estate Loans
Life Insurance Net Cash Value		Automobile Loans
Net Worth of Business		Other Debt
Real Estate Owned Market Value
Other Assets
Total Net Worth *

CERTIFICATION and ACKNOWLEDGEMENT

	Borrower	Co- Borrower
	Check = Yes	Check = Yes
Are there any outstanding judgments against you?
Have you declared bankruptcy in the last 7 years?
Have you had a property foreclosed upon?
Have you given title or deed in lieu of foreclosure?
Is any part of the down payment borrowed?


Borrowers Signature Date	Co-Borrowers Signature Date

Transaction Narrative [ TOP ]

Providing the lender with details of your application is important. Either select an applicable statement or write a short summary for each category. You can select a statement and write a summary at the same time. Be sure to include the applications strengths and any potential problems. Do not include the property address or borrowers name. If you would like to have additional statements included into CAPPS, please click on Suggestions under Tools.

Purpose of Loan

	This is a no cash-out refinance loan application. The applicant has an existing loan that has matured or is maturing soon.
	This is a no cash-out refinance loan application. The applicant is seeking a loan that has a lower interest and better terms.
	This is a cash-out refinance loan application. In addition to paying off the existing mortgage loans, if any, the use of the net loan proceeds are indicated on the application and transaction summary pages.

Loan Type Requested

	The borrower will consider loan program options.
	The borrower is seeking a loan with a floating interest rate.
	The borrower is seeking a loan with where the interest rate is fixed for the first six months.
	The borrower is seeking a loan with where the interest rate is fixed for the first year.
	The borrower is seeking a loan with where the interest rate is fixed for the first three years.
	The borrower is seeking a loan with where the interest rate is fixed for the first five years.
	The borrower is seeking a loan with where the interest rate is fixed for the first seven years.
	The borrower is seeking a loan with where the interest rate is fixed for the first ten years.
	The borrower is seeking a loan with where the interest rate is fixed for the first fifteen years.

Property Condition

	The property is in excellent condition with no deferred maintenance.
	The property is in good condition with normal wear and tear.
	The property is in good condition with normal wear and tear. Some or all of the loan proceeds will be used to improve the property.
	The property has considerable deferred maintenance.
	The property has considerable deferred maintenance. Some or all of the loan proceeds will be used to improve the property.
	The property is unimproved land.
	There is a structure on the property that will be razed and a new structure will be built.

Borrower Particulars

	The borrower has excellent credit scores, substantial cash reserves and substantial net worth.
	The borrower has average credit scores, minimal cash reserves and minimal net worth.
	The borrower has low credit scores, no cash reserves and low net worth.

Conclusion

	This is an excellent application. The debt service cover ratio and the loan-to-value are excellent, the property is in great condition and the borrower is financially strong. Please review the application and send me the best loan program terms that you have to offer.
	This is an good application. The debt service cover ratio and the loan-to-value are ok, the property is in pretty good condition and the borrower has an average financial statement. Please review the application and send me the best loan program terms that you have to offer.
	This is application has one or more challenges for various reasons. Please review the application and send me the best loan program terms that you have to offer.