Loan Application (1003)
If this is an application for joint credit, Borrower and Co-Borrower each agree that they intend to apply for joint credit. This application is designed to be completed by the applicant(s) with the Lender’s assistance.
Applicants should complete this form as “Borrower” or “Co-Borrower,” as applicable. Co-Borrower information must also be provided (and the appropriate box checked) when the income or assets of a person other than the Borrower (including the Borrower’s spouse) will be used as a basis for loan qualification, or, if the income or assets of the Borrower’s spouse or other person who has community property rights will not be used as a basis for loan qualification, but his or her liabilities must be considered because the spouse or other person has community property rights pursuant to applicable law and Borrower resides in a community property state, the security property is located in a community property jurisdiction, or the Borrower is relying on other property located in a community property location as a basis for repayment of the loan.
If you have any questions, please let your Luxe Investment Group loan officer assist you.