Questions and Answers
What is Rachel Boone's Social Security Number?
244-75-7808
What is Rachel Boone's Marital Status?
How long has Rachel Boone been at her current address? (Years and Months)
0 Years 3 Months
Rachel Boone is applying for individual credit. (True/False)
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What is the type of mortgage loan applied for?
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What is the note rate?
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What is the loan term?
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Is the loan a first mortgage?
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What is the proposed monthly payment for the property?
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What is the amortization type?
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What is the borrower's name?
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What is the lender's name?
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What is the total due from the borrower?
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What is the loan amount excluding financed mortgage insurance?
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Has the borrower declared bankruptcy within the past 7 years?
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If bankruptcy was declared, what type(s) of bankruptcy were identified? (Select all that apply)
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What legal obligations does the borrower acknowledge when signing the application?
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Any intentional misrepresentation of information may result in criminal penalties under Federal law.
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Late payments, missed payments, or other defaults on the borrower's account may be reflected in their _ report.
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Study Notes
Here are the study notes in bullet points:
Uniform Residential Loan Application
- The application is for a loan with Atlantic Bay Mortgage Group, LLC, with a loan number and Universal Loan Identifier
- The borrower's name is Rachel W Boone
Section 1: Borrower Information
- Personal information:
- Social Security Number: 244-75-7808
- Name: Rachel W Boone (with alternate names listed)
- Date of birth: 04/13/1993
- Citizenship: U.S. Citizen
- Marital status: Married
- Dependents: 2 children, ages 6 and 2
- Contact information:
- Home phone: (828) 442-2312
- Cell phone: (828) 442-2312
- Work phone: (828) 431-5600 ext.
- Email: [email protected]
- Current and former addresses:
- Current address: 172 Patrick Murphy Dr Unit 28, Morganton, NC 28655
- Former address: 307 Blue Ridge Drive South #Unit 7, Marion, NC 28752
Section 1b: Current Employment/Self-Employment and Income
- Employer: Charles George VA Medical Center
- Position: PA
- Start date: 01/02/2024
- Monthly income: $11,769.33
Section 2: Financial Information - Assets and Liabilities
- Assets:
- Bank accounts: $62,632.96
- Proceeds from real estate property to be sold on or before closing: $1,000.00
- Liabilities:
- Installment debts: multiple debts with various balances and monthly payments
- Revolving debts: two debts with balances and monthly payments
Section 3: Financial Information - Real Estate
- The borrower does not own any real estate
Section 4: Loan and Property Information
- Loan amount: $295,200.00
- Loan purpose: Primary residence
- Property address: 776 Cannon Road, Marion, NC
- Property value: $328,000.00
Section 5: Declarations
- The borrower will occupy the property as their primary residence
- The borrower has not had an ownership interest in another property in the last three years
- The borrower is not borrowing any money for this real estate transaction
- The borrower has not applied for any new credit on or before closing this loan
Section 6: Acknowledgments and Agreements
- The borrower agrees to provide true, accurate, and complete information
- The borrower acknowledges that the lender and other loan participants may rely on the information contained in the application
- The borrower agrees to the terms and conditions of the loan
Section 7: Military Service
- The borrower has not served, or is not currently serving, in the United States Armed Forces
Section 8: Demographic Information
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The borrower's ethnicity, sex, and race are not specified### Loan Application Information
-
The loan application is for Rachel W Boone, with a Uniform Residential Loan Application (Freddie Mac Form 65, Fannie Mae Form 1003) effective 1/2021.
-
The lender is Atlantic Bay Mortgage Group, L.L.C., with a license number of L-111843 and NMLS number of 72043.
Loan Originator Information
- The loan originator organization is Atlantic Bay Mortgage Group, L.L.C., with an address of 600 Lynnhaven Parkway, Suite 100, Virginia Beach, VA 23452.
- The loan originator is Aimi O Annas, with an NMLS ID of 430333 and a state license ID of I-164098.
- The loan originator's email is [email protected], and their phone number is (828) 559-9244.
Property and Loan Information
- The property is in a community property state.
- The refinance type is No Cash Out.
- The refinance program is Full Documentation.
- The transaction detail is Conversion of Contract for Deed or Land Contract.
Title Information
- The title to the property will be held in the name of Rachel W Boone and Andrew M Boone.
- The title will not be held by an Inter Vivos (Living) Trust or Land Trust.
Mortgage Loan Information
- The mortgage type applied for is Conventional.
- The mortgage lien type is First Mortgage.
- The amortization type is Fixed Rate.
- The proposed monthly payment for the property is not specified.
Loan Features
- The loan has no balloon, interest-only, or negative amortization features.
- There is no prepayment penalty.
- There is no temporary interest rate buydown.
Loan Costs and Credits
- The total minimum required funds or cash back is $338,813.49.
- The total borrower closing costs, including prepaid and initial escrow payments, are $6,599.49.
- The total discount points are $2,214.00.
- The total due from the borrower is $338,813.49.
- The loan amount, excluding financed mortgage insurance, is $295,200.00.
- The total mortgage loans, including financed mortgage insurance, are $295,200.00.
- The total credits, including seller credits and other credits, are $2,655.00.
- The cash from/to the borrower is $40,958.49.
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