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First Time Homebuyers Assistance BORROWERS AFFIDAVIT The Borrower (s), (individually or collectively, the Borrower), hereby certifies that they are a first time homebuyer (i.e., a person who has not

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How to fill out borrowers affidavit

01

Read the borrowers affidavit form carefully to understand the information required.

02

Start by providing your personal information such as your name, address, and contact details.

03

Fill in the loan details, including the type of loan, loan amount, and the date when the loan was obtained.

04

Include information about any co-borrowers or guarantors involved in the loan.

05

Specify the purpose of the loan and how it was utilized.

06

Provide accurate and detailed information about your income, employment status, and financial situation.

07

If there are any assets or collateral associated with the loan, list them in detail.

08

Disclose any existing liabilities, including other loans or debts.

09

Sign and date the borrowers affidavit form to confirm the accuracy and truthfulness of the provided information.

10

Review the completed form thoroughly before submitting it to the relevant party.

Who needs borrowers affidavit?

01

Borrowers who have obtained a loan and are required to provide a sworn statement of their financial situation may need to fill out a borrowers affidavit.

02

Financial institutions, banks, credit unions, or lenders usually request borrowers to submit a borrowers affidavit as part of the loan application or verification process.

03

Individuals who need to reaffirm their financial status or eligibility for a loan modification, debt relief program, or legal proceeding may also require a borrowers affidavit.

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What is borrowers affidavit?

Borrowers affidavit is a legal document signed by a borrower stating that all information provided in a loan application is true and accurate to the best of their knowledge.

Who is required to file borrowers affidavit?

The borrower applying for a loan is required to file the borrowers affidavit.

How to fill out borrowers affidavit?

To fill out a borrowers affidavit, the borrower must provide accurate information about their financial situation, employment status, and credit history.

What is the purpose of borrowers affidavit?

The purpose of a borrowers affidavit is to ensure that the borrower is providing truthful information to the lender when applying for a loan.

What information must be reported on borrowers affidavit?

The borrowers affidavit must include information such as the borrower's income, assets, debts, and employment history.

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