Fannie Mae/Freddie Mac 3502 2001 free printable template
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ADJUSTABLE RATE NOTE (1 Year Treasury Index -- Rate Caps) THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST RATE AND MY MONTHLY PAYMENT. THIS NOTE LIMITS THE AMOUNT MY INTEREST RATE
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How to fill out Fannie Mae/Freddie Mac 3502
01
Obtain the Fannie Mae/Freddie Mac Form 3502 from the official website or your loan officer.
02
Fill in your personal information, including name, address, and Social Security number.
03
Complete the section regarding your income, including salary, bonuses, and any other sources of income.
04
Detail your assets, listing bank accounts, investments, and any real estate holdings.
05
Provide information about your liabilities, including loans, credit card debt, and mortgages.
06
Review all entered information for accuracy.
07
Sign and date the form before submission.
08
Submit the completed form to your lender or the appropriate agency.
Who needs Fannie Mae/Freddie Mac 3502?
01
Individuals applying for a mortgage through Fannie Mae or Freddie Mac.
02
Homebuyers seeking financing options for purchasing a home.
03
Current homeowners looking to refinance their existing mortgage.
04
Borrowers needing assistance programs provided by Fannie Mae or Freddie Mac.
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What is Fannie Mae/Freddie Mac 3502?
Fannie Mae/Freddie Mac 3502 is a form used by lenders to report loan applications that require special handling under certain guidelines set by Fannie Mae and Freddie Mac.
Who is required to file Fannie Mae/Freddie Mac 3502?
Lenders who are processing specific loan applications that meet the criteria established by Fannie Mae and Freddie Mac are required to file this form.
How to fill out Fannie Mae/Freddie Mac 3502?
To fill out the form, lenders need to provide detailed borrower information, loan details, and any relevant documentation that substantiates the intent and conditions of the loan request.
What is the purpose of Fannie Mae/Freddie Mac 3502?
The purpose of the form is to ensure compliance with guidelines and to facilitate the evaluation and processing of specific loan applications by Fannie Mae and Freddie Mac.
What information must be reported on Fannie Mae/Freddie Mac 3502?
Required information includes borrower details, loan amount, property information, underwriting decisions, and any conditions or exceptions related to the loan application.
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