Mortgage Application

Before You Begin

Applying for a Baylands FCU loan online is a simple process and it will only take about five minutes of your time. The following are a few important pieces of information regarding the online loan application process:

Baylands FCU can only consider loan applications from members or those eligible for membership. If you choose to accept a loan from BayLands FCU, you will be required to become a member.
The online application requires information about the applicant and co-applicants income and debts.
After submission of your application, it will be reviewed by a Mortgage Lending Specialist and you should receive a response before the end of the next business day.

Application Agreement

By clicking the “Accept” button, you promise that everything you state in your application is correct to the best of your knowledge and that the following information is a complete listing of what you owe. If there are any important changes you will notify us in writing immediately. You authorize the Credit Union to obtain credit reports in connection with this application for credit and for any update, increase, renewal, extension or collection of the credit received. You understand that the Credit Union will rely on the information in this application and your credit report to make its decision. If you request, the Credit Union will tell you the name and address of any credit bureau from which it received a credit report on you. The Credit Union may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit reports. It is a federal crime to willfully and deliberately provide incomplete or incorrect information on loan applications made to federal credit unions insured by NCUA.

Review the HUD Fair Housing Statement

Review the Home Loan Toolkit Step-by-Step Guide

To continue with your application, you will need to accept the above documentation

I have reviewed all documentation and accept it.

Getting Started

Amount Requested

Purpose of Loan

How did you discover Baylands Family Credit Union?

Search engine (Google, Yahoo etc)
Advertisement
Recommended by friend or family
Other

Type of Credit Requested

Individual Credit: Relying solely on my income or assets
Individual Credit: Relying on my income or assets as well as income or assets from other sources
Joint Credit: We intend to apply for joint credit

Primary Applicant

Applicant Personal Information

First Name

Last Name

M.I.

Social Security #

Marital Status

MarriedSeparatedUnmarried

(Single, Divorced, Widowed, Civil Union, Domestic Partnership, Registered Reciprocal Beneficiary Relationship)

Birthdate (mm/dd/yyyy)

Home Phone

Email Address

Present Address

City

State

ZIP Code

Years at this address

Rent/Mortgage Payment

OwnRentWith RelativesOther

Number of Dependents

List Ages (separated by a comma, example: 8, 10, 14)

Landlord's Name

Landlord's Phone

Applicant Previous Addresses (Back 2 years - Street, City, State, ZIP)

Address 1

Years?

Address 2

Years?

Applicant Employment/Income

Employer

Position

Work Phone

Employer's Address

City

State

ZIP Code

Gross Monthly Income

Start Date (mm/dd/yyyy)

Other Income per Month

Source

NOTE: Reveal alimony, child support, separate maintenance, or other income ONLY IF you want it considered in determining your qualification for this loan.

If employed in current position less than two years, complete the following

Previous Employer

Previous Employer's Address

Start Date (mm/dd/yyyy)

End Date (mm/dd/yyyy)

Applicant Assets

Name and Address of Financial Institution(s)

Account Number

Applicant Liabilities

Type of Loan

Financed By

Balanced Owed

Monthly Payment

Co-Applicant

Co-Applicant Personal Information

Marital Status

MarriedSeparatedUnmarried

(Single, Divorced, Widowed, Civil Union, Domestic Partnership, Registered Reciprocal Beneficiary Relationship)

Co-Applicant Previous Addresses (Back 2 years - Street, City, State, ZIP)

Co-Applicant Employment/Income

Gross Monthly Income

NOTE: Reveal alimony, child support, separate maintenance, or other income ONLY IF you want it considered in determining your qualification for this loan.

If employed in current position less than two years, complete the following

Co-Applicant Assets

These Questions Apply to both Applicant and Co-Applicant

Applicant

Co-Applicant

About you

Are you a U.S. citizen?

YesNo

Are you a permanent resident alien?

YesNo

Did you (or your deceased spouse) ever serve, or are you currently serving, in the United States Armed Forces?

YesNo

About this Property and Your Money for this Loan

Will you occupy the property as your primary residence?

YesNo

If YES, have you had an ownership interest in another property in the last three years?

YesNo

(1) What type of property did you own: primary residence (PR), FHA secondary residence (SR), second home (SH), or investment property (IP)?

(2) How did you hold title to the property: by yourself (S), jointly with your spouse (SP), or jointly with another person (O)?

If this is a Purchase Transaction: Do you have a family relationship or business affiliation with the seller of the property?

YesNo

Are you borrowing any money for this real estate transaction (e.g., money for your closing costs or down payment) or obtaining any money from another party, such as seller or realtor, that you have not disclosed on this loan application?

YesNo

If YES, what is the amount of this money?

Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application?

YesNo

Will this property be subject to a lien that could take priority over the final mortgage lien, such as a clean energy lien paid through your property taxes (e.g., the Property Assessed Clean Energy Program)?

YesNo

About Your Finances

Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application?

YesNo

Are there any outstanding judgments against you?

YesNo

Are you currently delinquent or in default on a federal debt?

YesNo

Are you party to a lawsuit in which you potentially have any personal financial liability?

YesNo

Have you conveyed title to any property in lieu of foreclosure in the past 7 years?

YesNo

Within the past 7 years, have you completed a pre-foreclosure sale or short sale, whereby the property was sold to a third party and the Lender agreed to accept less than the outstanding mortgage balance due?

YesNo

Have you had property foreclosed upon in the last 7 years?

YesNo

Have you declared bankruptcy within the past 7 years?

YesNo

If YES, identify the type(s) of bankruptcy:

Comment as neccessary based on question responses

Finishing Up

Consent-to-Receive-Electronic-Documentation

YES - I/We have reviewed the Electronic Documentation disclosure, and agree to receive additional disclosures and information pertaining to this credit application via email.
NO - I/We decline to receive documents via electronic delivery.

Best Way to Contact (enter phone number or email address)

Comments and/or Event Code (if applicable)

Demographic Information of Borrower

The purpose of collecting this information is to help ensure that all applicants are treated fairly and that the housing needs of communities and neighborhoods are being fulfilled. For residential mortgage lending, Federal law requires that we ask applicants for their demographic information (ethnicity, sex, and race) in order to monitor our compliance with equal credit opportunity, fair housing, and home mortgage disclosure laws. You are not required to provide this information, but are encouraged to do so. You may select one or more designations for "Ethnicity" and one or more designations for "Race". The law provides that we may not discriminate on the basis of this information, or on whether you choose to provide it. However, If you choose not to provide the information and you have made this application in person, Federal regulations require us to note your ethnicity, sex, and race on the basis of visual observation or surname. The law also provides that we may not discriminate on the basis of age or marital status information you provide in this application. If you do not wish to provide some or all of this information, please check below.

Demographic Information - Applicant

Ethnicity

Hispanic or Latino

Not Hispanic or Latino

I do not wish to furnish this information

Race

American Indian or Alaska Native

Asian

Black or African American

Native Hawaiian or Other Pacific Islander

White

I do not wish to furnish this information

Sex

Male
Female
I do not wish to furnish this information

Demographic Information - Co-Applicant

Ethnicity

Hispanic or Latino

Not Hispanic or Latino

I do not wish to furnish this information

Race

American Indian or Alaska Native

Asian

Black or African American

Native Hawaiian or Other Pacific Islander

White

I do not wish to furnish this information

Sex

Male
Female
I do not wish to furnish this information

User Agreement

Everything that I have stated in this application is correct to the best of my knowledge. The Credit Union is authorized to check my credit, employment history, obtain a credit report and to answer questions about their credit experience with me. I understand that it may be a federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements concerning any of the above facts as applicable under the provisions of the United States Criminal Code.

I have read and accept the terms