|
This should give you an indication of how a lender would grade
your credit. The credit grade gives you an indication of what
loan programs and rates are available to you. Please try to
answer all the applicable questions completely and accurately.
|
| You may skip these 3 questions if you are a
first-time buyer. |
| 1) |
How many mortgage payments have you made in the last 12
months that were 30+ days late?
Last 24 Months?
|
| 2) |
How many mortgage payments have you made in the last 12
months that were 60+ days late?
|
| 3) |
How many mortgage payments have you made in the last 12
months that were 90+ days late?
|
|
| 4) |
Have you filed bankruptcy or foreclosure in the last 7 years.
No
Less than 1 Year ago
Less than 2 Years ago
Less than 3 Years ago
Less than 5 Years ago
Less than 7 Years ago
|
| |
If so, have you paid according to the workout plan and your
mortgage for the last year?
No
Yes
|
| 5) |
Have you had any Bad Accounts( Collections, Judgements, Tax Liens,
Charge Offs, or Delinquent Property ) within the last two
years?
No
Yes
|
| 6) |
If you have had any Bad Accounts in the last 5 years
without six months of satisfactory payment:
| A. |
How Many of these Bad Accounts are still open?
|
| B. |
What is the outstanding balance on these Bad Accounts?
|
|
| 7) |
What is your monthly gross income?
$ |
| 8) |
Numeric Credit Score ( i.e. FICO ) if known.
|
| 9) |
How many companies have you had credit with for at least 1 year?
( including Major Credit Cards, banks,
department stores, mortgage and finance companies )
Two years?
|
| 10) |
How many installment and revolving payments have you made
in the last 12 months that were 30+ days late?
Last 24 Months?
|
| 11) |
How many installment and revolving payments have you made
in the last 12 months that were 60+ days late?
|
| 12) |
How many installment and revolving payments have you made
in the last 12 months that were 90+ days late?
|
|
