Freddie Mac / Fannie Mae 710 2011 free printable template

UNIFORM BORROWER ASSISTANCE FORM If you are experiencing a temporary or long term hardship and need help, you must complete and submit this form along with other required documentation to be considered

How to fill out mortgage assistance application form

How to fill out a mortgage assistance application form:

1. Start by gathering all the required documents and information. This typically includes your financial statements, tax returns, pay stubs, bank statements, and any other relevant documents.
2. Read through the application form carefully to understand the information required for each section. Make sure to follow the instructions provided and fill out all the necessary fields accurately.
3. Begin with the personal information section, which typically asks for details such as your name, address, contact information, and social security number.
4. Move on to the financial information section, which will ask for details about your income, employment history, assets, and liabilities. Be sure to include all relevant information and provide supporting documentation when necessary.
5. If you're applying for loan modification or forbearance, there will usually be a section dedicated to explaining the reason for your financial hardship. Clearly explain your situation and provide any supporting documents that might strengthen your case.
6. If necessary, provide information about your current mortgage, including the loan amount, interest rate, and monthly payment.
7. Review your application form thoroughly before submitting it. Double-check for any errors or missing information. It's a good idea to have someone else look it over as well to ensure accuracy.
8. Once completed, submit the application form according to the specified instructions. This may involve mailing it to the appropriate address or submitting it online through a designated portal.

Who needs a mortgage assistance application form:

1. Individuals or families who are facing financial difficulties and are unable to afford their mortgage payments.
2. Homeowners who have experienced a significant decrease in income or an unforeseen financial hardship that makes it challenging to meet their mortgage obligations.
3. People who are seeking loan modification, forbearance, or other forms of mortgage assistance to help them stay in their homes and avoid foreclosure.

• Who needs Uniform Borrower Assistance Form?
• What is the purpose of the Uniform Borrower Assistance Form?
• • Is the Uniform Borrower Assistance Form accompanied by any other forms?
  • When is the Uniform Borrower Assistance Form due?
  • How to fill out the Fannie Mae/Freddie Mac Borrower Assistance Form?

Who needs Uniform Borrower Assistance Form?

An individual experiencing a temporary or long-term hardship who needs financial help in paying out the mortgage must complete and submit the Uniform Borrower Assistance Form when requesting it.

What is the purpose of the Uniform Borrower Assistance Form?

The submission of the Uniform Borrower Assistance Form (also known as Fannie Mae/Freddie Mac Form 710) is the only acceptable means to claim a hardship and apply for the financial ?assistance with paying mortgage.

Is the Uniform Borrower Assistance Form accompanied by any other forms?

There is a comprehensive list of documents that must be attached while filing the completed borrower assistance 710 form on page 2 of the page that must be properly checked up and followed depending on the circumstances and conditions of the claimant.

When is the Uniform Borrower Assistance Form due?

The submission of the form does not require following a deadline, it should be submitted along with all the supporting documentation when the need arises.

How to fill out the Fannie Mae/Freddie Mac Borrower Assistance Form?

The Borrower Assistance Form 710 is a four-page document. It requires the provision of the following information:

• Loan ID number

• Actions to take about the property

• Whether the property is occupied

• Information about the borrower (full name, SSN, DOB, address, property address, etc.)

• Information about the co-borrower

• The monthly household income

• The monthly household expenses/debt

• Household assets (associated with the property and borrower(s)

• Which required documents are attached to the form

• Hardship affidavit (which is a written explanation of the hardship)

• And the final part is the Borrower/Co-borrower acknowledgement and agreement.

Instructions and Help about mortgage assistance application form

Well again I'm John Hardwood I've been mortgage industry now just below over 40 years what we do as far as making and working with the home modification programs is very important that you get incorrect actually about ninety percent of people that go out on her own and try to do the universal loan applications and get everything together fail to get modifications for one reason that's because they do things incomplete or not correct I'm going to go through what's called a universal borrowers' assistance form now the one that I'm going to go through right now is similar to the regular assistance form, but this is a special one if you have a Fannie Mae or Freddie Mac product the first thing on it is it tells you your loan number which you have to find what you can find on any piece of paper give to you by the bank, but you have to have every one of these boxes marked when you're going to go for a modification I want to keep my property the property is my primary residence my property is currently owner occupied or rented or vacant or whatever there are boxes that you have to fill out and here's your borrowers information your social security number date of birth phone numbers everything else now on the Freddie mac and Fannie make which is called the form 710 here you list your properties and what you want to do with if it's a property listed for sale blah blah blah goes down through there is it for sale by owner every box has to be checked you have to make sure that they're checked because what will happen is you'll send us into the bank modification, and they'll reject for insufficient information if you have condo our home association fees and need to know, and they need to know the monthly amount and who they are faint doing their address they also have to be current you cannot have the link what homeowners association fees especially when you're working with the government loan for two reasons number one is the back cannot do a modification if you are delinquent on the HOA at time and modification the reason is they're in first position which means they own the property should you fail and so if you're delinquent the homeowners' association files a lien on that property they cannot modify your loan at that kind because they will actually be in what's called second position homeowners association would actually have a primary because of the modification, so it's very important that you know if you have an HOA and that they are current and then when you get done HOA means homeowners association they ask you if you file bankruptcy then you have to go through your monthly expenses and what they do in the monthly household income is that goes from your gross and anything like SSI assistance that you get unemployment everything has to be in the total income and believe me when I tell you this you have to be very honest and upfront because you have to verify this now in your household debts again it comes down it has how much your entire mortgage...

People Also Ask about mortgage assistance application form

What is a uniform borrower assistance form?

If you are experiencing a temporary or long-term hardship and need help, you must complete and submit this form along with other required documentation to be considered for available solutions.

What is a 710 application?

Mortgage Assistance Application Form 710 is a Borrower's application for Mortgage assistance due to financial hardship.

For pdfFiller’s FAQs

What is mortgage assistance application form?

A mortgage assistance application form is a document that individuals fill out in order to apply for help or support with their mortgage payments. This form typically asks for personal and financial information, such as the applicant's name, contact details, employment status, income, expenses, and details about their mortgage loan. The purpose of this form is to assess the applicant's eligibility for various mortgage assistance programs offered by government agencies, non-profit organizations, or mortgage lenders.

Who is required to file mortgage assistance application form?

The individuals or households who are facing difficulty in making their mortgage payments and seek assistance can file a mortgage assistance application form. This includes homeowners who may be experiencing financial hardship due to various reasons such as unemployment, medical expenses, or other unforeseen circumstances. The specific eligibility criteria and requirements may vary depending on the mortgage assistance program and the lender.

How to fill out mortgage assistance application form?

Filling out a mortgage assistance application form typically involves providing detailed information about your financial situation and the reasons for requesting assistance. Here is a step-by-step guide to help you fill out a mortgage assistance application form: 1. Read the instructions: Start by carefully reading the instructions provided with the application form. Make sure you understand the requirements and gather all the necessary documents and information before you begin. 2. Personal information: Fill out your personal information accurately, including your name, address, phone number, email address, and social security number. 3. Property information: Provide details about the property for which you are seeking mortgage assistance, such as property address, type of property (single-family, condo, etc.), and the current market value. 4. Loan information: Provide information about your current loan, including the lender's name, loan number, loan balance, monthly mortgage payment, and interest rate. 5. Financial information: This section requires detailed information about your income, expenses, and assets. This may include your employment status, employer details, monthly income, monthly expenses (such as utilities, insurance, debts), and asset information (such as bank accounts, investments, and real estate). 6. Hardship explanation: Explain the reason for your mortgage assistance request in detail. This may involve describing the specific financial hardship you are facing (job loss, medical expenses, divorce, etc.). Be honest and provide supporting documents if required. 7. Supporting documents: Many mortgage assistance applications require supporting documents to validate the information provided. Gather necessary documents such as pay stubs, bank statements, tax returns, proof of hardship, and any other documents specified in the application instructions. 8. Review and sign: Before submitting the application, carefully review all the information you have provided to ensure accuracy. Sign and date the form as required. 9. Submission: Submit the application form according to the instructions provided, either electronically or through mail. Make copies of the completed form and supporting documents for your records. It is important to remember that each mortgage assistance program may have different requirements and application processes. Following the instructions provided with the application and seeking assistance from a housing counselor if needed can help ensure your application is filled out correctly.

What is the purpose of mortgage assistance application form?

The purpose of a mortgage assistance application form is to collect and gather information from individuals who are seeking financial assistance with their mortgage payments. This form typically requires borrowers to provide details about their financial situation, income, expenses, assets, and liabilities. The information supplied in the application form helps mortgage lenders or loan servicers to assess the borrower's eligibility for various mortgage assistance programs or options, such as loan modification, forbearance, or refinancing. The form assists in the evaluation process by allowing the lender to determine the borrower's ability to repay the loan and to understand their specific financial circumstances.

What information must be reported on mortgage assistance application form?

The specific information required on a mortgage assistance application form may vary depending on the lender and the specific program being applied for. However, some common information that is typically required includes: 1. Personal Information: This includes the applicant's full legal name, date of birth, Social Security number, and contact details (address, email, and phone number). 2. Employment Information: The applicant may need to provide details regarding their current employer, job title, length of employment, and monthly income. 3. Financial Information: This includes information about the applicant's bank accounts, assets, and liabilities. It may involve providing bank statements, investment statements, retirement account details, and information about other debts or loans. 4. Property Information: Details about the property for which mortgage assistance is being sought may include the address, type of property, current market value, and outstanding mortgage balance. 5. Loan Information: The applicant should provide information about their current mortgage, including the lender's name, loan type, interest rate, payment amount, and the date the mortgage was originated. 6. Hardship Explanation: The applicant may need to provide a written explanation detailing the reason for seeking mortgage assistance and describing the financial hardship they are facing. 7. Documentation: The lender may require various supporting documents such as pay stubs, tax returns, W-2 forms, proof of unemployment benefits, or proof of income loss to validate the information provided on the application. It is important to note that the specific requirements may vary, so individuals should consult the lender or program guidelines to ensure accurate completion of the application form.

What is the penalty for the late filing of mortgage assistance application form?

The penalty for the late filing of a mortgage assistance application form can vary depending on the specific circumstances and jurisdiction. In some cases, there may be a late filing fee imposed by the lender or mortgage servicer. Additionally, filing the application after a specified deadline may result in delays or denial of the requested assistance. It is advisable to check with the specific lender or mortgage assistance program for the consequences of late filing.

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