Form 115B PDF Details

In today's housing market, understanding the nuances of mortgage applications can be a critical step towards home ownership, especially when considering the purchase of manufactured homes. Among the plethora of forms and paperwork, the Form 115B stands out as a comprehensive document that applicants encounter when seeking credit approval for such a purchase. This detailed form serves as a bridge between potential buyers and lenders, encompassing a vast array of information, including buyer's credit information, marital status, employment, and income details, as well as specifications related to the manufactured home itself. Specifically designed for buyers interested in properties offered by Palm Harbor Homes and associated builders, the Form 115B not only includes sections for both individual and joint applicants but also caters to different residential statuses with customized sections for Wisconsin residents due to state-specific marital property agreements. Furthermore, it touches on crucial legal disclosures, rights to credit reporting, and the importance of accurate and honest credit application. Through collecting exhaustive personal and financial details, this form enables lenders to assess an applicant's creditworthiness and make informed decisions regarding loan approvals, thereby streamlining the path towards owning a manufactured home.

QuestionAnswer
Form NameForm 115B
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namescredit_app palm harbor homes credit application form

Form Preview Example

 

Palm Harbor Homes

America’s Choice

15303 Dallas Parkway, Ste. 800

Palm Harbor Village

Factory Clearance Outlet

Addison, TX 75001

Country Place Homes

Masterpiece Homes

(972) 991-2422

Austin Quality Homes

Energy Efficient Housing

 

CREDIT APPLICATION

BUYER’S CREDIT INFORMATION: If this is an INDIVIDUAL application, complete the information under section A. If this is a JOINT application, complete both sections A & B. NOTE: If married, the spouse is not required to be the JOINT applicant. NOTICE TO MARRIED APPLICANTS

RESIDING IN WISCONSIN: No provision of any marital property agreement, unilateral statement under s.766.59 Wis. Stats., or court decree under s.766.70 adversely affects the interest of the creditors unless the creditor, prior to the time credit is granted or an open-end credit plan is entered into, is furnished a copy of the agreement, statement or decree or has actual knowledge of the adverse provision.

SALESPERSON / INTERVIEWER

SLS/LIC#

PHONE

DEALER/CONTRACTOR

Date

Time

FORM #115B REV. 1/04

INVESTIGATOR

PARTIAL DOWN PAYMENT AMOUNT

D.P. SOURCE

DEALER #

 

$

 

 

 

 

 

 

 

(A)

 

APPLICANT INFORMATION

 

(B)

 

CO-APPLICANT INFORMATION

 

 

FULL NAME - Last, First, Middle

 

 

 

 

 

 

 

 

 

 

 

 

FULL NAME - Last, First, Middle

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other names used including Maiden name:

 

 

 

 

 

 

 

 

 

 

Other names used including Maiden name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BIRTHDATE

 

 

 

 

DEPENDENT CHILDREN

 

 

 

 

 

 

 

BIRTHDATE

 

 

 

 

DEPENDENT CHILDREN NOT LISTED UNDER (A) APPLICANT

 

 

 

 

 

 

NUMBER:

 

 

AGES:

 

 

 

 

 

 

 

 

NUMBER:

 

 

 

AGES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SOCIAL SECURITY NO.

 

 

MARITAL

M=Married

S=Separated

 

 

 

SOCIAL SECURITY NO.

 

 

MARITAL

M=Married

S=Separated

 

 

 

 

 

 

 

STATUS:

U=Unmarried (single, divorced, widowed)

 

 

 

 

 

STATUS:

U=Unmarried (single, divorced, widowed)

 

 

PRESENT STREET ADDRESS

 

 

 

 

 

 

 

 

 

 

 

 

PRESENT STREET ADDRESS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITY, STATE, ZIP CODE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITY, STATE, ZIP CODE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HOW LONG AT

 

 

 

 

 

 

 

 

HOME PHONE NO.

 

 

 

HOW LONG AT

 

 

 

 

 

 

 

 

HOME PHONE NO.

 

 

 

PRESENT ADDRESS

 

 

 

 

Years

Months

 

 

 

 

 

 

 

 

PRESENT ADDRESS

 

 

 

Years

 

Months

 

 

 

 

 

 

 

 

 

RESIDENTIAL

 

H=Home Owner

R=Renter

 

 

MO. RENT OR

 

RESIDENTIAL

 

H=Home Owner

 

R=Renter

 

 

MO. RENT OR

 

 

STATUS:

 

P=Parents

O=Other

 

 

MTG. PYMT.$

 

STATUS:

 

P=Parents

 

O=Other

 

 

MTG. PYMT.$

 

 

 

LANDLORD OR MORTGAGE HOLDER’S NAME

PHONE NO.

 

 

 

LANDLORD OR MORTGAGE HOLDER’S NAME

PHONE NO.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE OF

 

 

 

 

 

 

 

 

ACCOUNT NO.

 

 

 

BALANCE OF

 

 

 

 

 

 

 

 

ACCOUNT NO.

 

 

 

MORTGAGE: $

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MORTGAGE: $

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PREVIOUS ADDRESS (If less than 3 years at present address)

 

 

HOW LONG

 

PREVIOUS ADDRESS (If less than 3 years at present address)

 

HOW LONG

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years

Months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years

Months

 

OTHER PREVIOUS ADDRESS

 

 

 

 

 

 

 

 

PREVIOUS RESIDENCE

OTHER PREVIOUS ADDRESS

 

 

 

 

 

 

 

 

 

PREVIOUS RESIDENCE

 

 

 

 

 

 

 

 

 

 

 

 

 

STATUS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STATUS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Applicant’s Employment

 

 

 

 

 

Co-Applicant’s Employment

 

 

EMPLOYER’S NAME

 

 

 

 

 

 

EMPLOYER’S CITY, STATE

 

 

 

EMPLOYER’S NAME

 

 

 

 

 

 

EMPLOYER’S CITY, STATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EMPLOYER’S BUSINESS

 

 

 

SUPERVISOR

 

 

 

EMPLOYER’S BUSINESS

 

 

 

 

SUPERVISOR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SALARY (Gross)

 

 

 

H=Hour

W=Week

WORK PHONE NO.

 

 

 

SALARY (Gross)

 

 

 

 

H=Hour

W=Week

WORK PHONE NO.

 

 

 

$

PER

M=Month

Y=Year

 

 

 

 

 

 

 

 

$

PER

 

M=Month

Y=Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

JOB TITLE OR OCCUPATION

 

 

 

 

 

 

JOB CODE

HIRE DATE

 

JOB TITLE OR OCCUPATION

 

 

 

 

 

 

 

JOB CODE

HIRE DATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PREVIOUS EMPLOYER

 

 

 

 

 

 

 

 

 

EMPLOYED

 

PREVIOUS EMPLOYER

 

 

 

 

 

 

 

 

 

 

EMPLOYED

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM

TO

 

 

 

 

 

 

 

 

 

 

 

 

 

FROM

TO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PREVIOUS EMPLOYER’S ADDRESS

 

 

PHONE NO.

 

 

 

PREVIOUS EMPLOYER’S ADDRESS

 

 

 

PHONE NO.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME NOTE: Alimony, child support, or separate maintenance incomes do not have to be revealed unless the applicant wishes to have such sources considered as a

 

 

 

 

 

 

 

basis for repayment of the requested credit.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A) SOURCE OF OTHER INCOME

 

MONTHLY AMOUNT

 

(B) SOURCE OF OTHER INCOME

MONTHLY AMOUNT

 

CHILD CARE

 

 

 

MONTHLY AMOUNT

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CREDIT REFERENCES

This application was taken face to face (to be completed by the interviewer)

A = Applicant

INDICATE RELATIONSHIP OR OWNERSHIP OF ACCOUNT by entering the appropriate letter here. B = Co-Applicant

J = Joint

 

CHECKING ACCOUNT WITH (Name and address)

 

PHONE NO.

 

ACCOUNT NO.

 

 

 

 

 

 

 

 

 

SAVINGS ACCOUNT WITH (Name and address)

 

PHONE NO.

 

ACCOUNT NO.

 

 

 

 

 

 

 

 

LAST VEHICLE FINANCED

DATE PURCHASED

MODEL, YEAR, AND MAKE OF VEHICLE

 

# VEHICLES OWNED

 

 

 

 

 

 

 

ADDRESS

PHONE NO.

CURRENT BALANCE ($)

 

MONTHLY PAYMENT ($)

AMOUNT PAST DUE ($)

 

 

 

 

 

 

 

List all other obligations including the liability for payment of alimony, child support or separate maintenance. Be sure to list all open accounts.

OWNER

CREDITOR NAME, ADDRESS AND PHONE NUMBER

FHA INSURED?

DATE OPEN

HIGH CREDIT

ACCOUNT NUMBER

CURRENT BAL. ($)

MO. PAYMENT ($)

AMT. PAST DUE ($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VISA

CURRENT BALANCE

MONTHLY PAYMENT

MASTERCARD

CURRENT BALANCE

MONTHLY PAYMENT

DEPARTMENT STORE

CURRENT BALANCE

MONTHLY PAYMENT

CURRENT BALANCE

MONTHLY PAYMENT

___ Yes

___ No $

$

___ Yes ___ No

$

$

___ Yes ___ No

$

$

 

Other

$

$

RELATIVE LIVING NEAREST APPLICANT (Name and address)

 

 

 

RELATIONSHIP

 

RELATIVE’S PHONE NO.

 

 

 

 

 

 

 

 

 

 

 

RELATIVE LIVING NEAREST APPLICANT (Name and address)

 

 

 

RELATIONSHIP

 

RELATIVE’S PHONE NO.

 

 

 

 

 

 

 

 

 

 

 

ONLY APPLICABLE TO MANUFACTURED HOMES. Do the undersigned intend to occupy the property as their primary residence?

.......................................................................................................

 

 

Y = Yes

N = No _______

Government Monitoring Information

The following information is requested by the federal government for certain types of loans related to a dwelling in order to monitor the lender’s compliance with equal credit opportunity, fair housing, and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. You may select one or more designations for “Race”. The law provides that a lender may not discriminate on the basis of this information, or on whether you choose to furnish it. However, if you choose not to furnish the information and you have made this application in person, under federal regulations the lender is required to note ethnicity, race, and sex on the basis of visual observation or surname. If you do not wish to furnish the information, please check below

 

 

I do not wish to furnish this information

 

 

I do not wish to furnish this information

No Co-Applicant

 

Applicant:

Co-Applicant:

 

ETHNICITY:

Hispanic or Latino

Not Hispanic or Latino

 

ETHNICITY:

Hispanic or Latino

Not Hispanic or Latino

 

RACE:

American Indian or Alaskan Native

Asian Black or African American

 

RACE:

American Indian or Alaskan Native

Asian Black or African American

 

 

Native Hawaiian or Other Pacific Islander

White

 

 

Native Hawaiian or Other Pacific Islander

White

 

 

SEX:

Male Female

 

 

SEX:

Male

Female

 

 

 

 

If the answer is “yes” to any of the following questions, explain on the attached sheet - Enter Y(yes) or N(no) in both columns

 

 

 

 

APPLICANT

CO-APPLICANT

 

 

 

 

(1) HAVE YOU DECLARED BANKRUPTCY WITHIN THE PAST 10 YEARS?

WHERE?

WHEN?

 

 

 

 

(2)HAVE YOU HAD ANY JUDGEMENTS, REPOSSESSIONS, GARNISHMENTS, OR OTHER LEGAL PROCEEDINGS FILED AGAINST YOU WITHIN THE PAST 7 YEARS?

(3)DO YOU HAVE ANY PAST DUE OBLIGATIONS TO OR INSURED BY ANY AGENCY OF THE FEDERAL GOVERNMENT?

(4) ARE YOU A CO-MAKER OR GUARANTOR ON A NOTE? FOR WHOM?

HOW MUCH?

 

 

(5) HAVE YOU ANY OTHER APPLICATION FOR AN FHA TITLE 1 IMPROVEMENT LOAN PENDING AT THIS TIME?

 

FAIR CREDIT REPORTING DISCLOSURE NOTICE AND CONSENT

By signing this credit application, you are certifying that all of the information you have provided in this credit application is true, accurate and complete, and are provided for the purpose of obtaining credit. By signing this credit application, you authorize Palm Harbor Home I, L.P., Palm Harbor Homes, Inc., and any subsidiaries and affiliates (“Palm Harbor”) to furnish a copy of this credit application and your retail installment contract to any and all lenders or prospective lenders Palm Harbor deems appropriate, and to release any of your credit-related or income-related information to such lenders. You further authorize Palm Harbor and any lender to whom Palm Harbor provides this information, to check your credit record, request a credit report, verify your income and employment history, and obtain and use such other credit information as Palm Harbor or such lender deems necessary to make a credit decision. You also authorize Palm Harbor and any such lender to report any information

regarding their credit experience with you to any and all credit reporting agencies.

 

APPLICANT

CO-APPLICANT

SIGNATURE

SIGNATURE

REQUIRED X ________________________________________________ DATE ________________

REQUIRED X ________________________________________________ DATE ________________

(A) APPLICANT Driver’s License No. ____________________________________________________

(B) CO-APPLICANT Driver’s License No. ____________________________________________

Manufactured Home

Make

 

Model:

 

Yr:

 

 

 

 

 

 

 

 

Width:

 

Length:

New_______

Used_______

 

 

 

 

Primary Residence

 

Land or Lot Payment

 

Yes_______

No_______

 

$_____________

Physical Address

 

 

 

 

 

 

 

 

 

 

 

MH PLACEMENT

Leased Land

Indian Reservation

Park

 

Owned Land Free & Clear

Owned-Lien

Family Land

Loan Type

Conventional_____

Land/Home_____

Land-in-lieu_____ FHA_____ VA_____

FINANCING OPTIONS

 

 

 

 

Constrcution_____

90 Day No Pay_____

 

Term:

 

Rate:

 

Payments:

 

______ MTH

 

_____%

 

 

 

PARTICIPATION

 

 

 

FLOOR PLAN

 

As Earned______

 

Up Front______

Pre Sold______

Stock______

Points

 

 

 

 

 

#______________

 

Finance:____________________

Cash:_________

SALES INFORMATION

1

Cash Sales Price(Include Home, Land, Improvements)

9 Trade-In/Down Payment

11a

Manufacturer's Invoice

 

 

 

 

 

 

 

2

Sales Tax

9a

Manufacturer

Year

11b

Deletions

 

 

 

 

 

 

 

3

Cash Sales Price with Tax

9b

Model

Size

11c

Net Invoice

 

 

 

 

 

 

4a

Gross Trade-In

9c

Trade-in Payoff to:

11d

Adjusted Invoice

 

 

 

 

4b Less Amount Owed

Down Payment Borrowed? Y OR N

12

Total Options

 

 

 

If “Yes”, Monthly Payment $________

 

 

4c Net Trade

 

OPTIONS - DEALER INSTALLED EQUIPMENT

13

Set - Up

 

 

 

NO TO EXCEED 25% OF MANUF. INV OR NADA

 

 

5

Cash Down Payment

10a

Air Conditioner

14

Taxes

 

 

 

 

 

 

 

6

Total Down Payment

10b

Washer/Dryer

 

15

Insurance

 

 

 

 

 

 

 

7

Insurance/Titling Fees

10c

Skirting

 

16

Fees

 

 

 

 

 

 

 

8

Amount to Finance

10d

Awning

 

17

Maximum Allowable Advance

 

 

 

 

 

 

 

LAND/HOME COMBINATION

18a Land Appraisal (if using land as down payment)

21

Amenities* (See below)

22

Basement

 

 

 

 

 

18b Less Encumbrances

21s

Well/Water Hook-Up

23

Garage

 

 

 

 

 

 

18c

Land Equity

21b

Septic/Sewer Hook-Up

24

Document Stamps

 

 

 

 

 

19 Total Down Payment Plus Land

21c

Permanent Foundation

25

Title Insurance/Recording Fees

 

 

 

 

 

 

20

Number of Acres

21d

Grading

26

Appraisal Fee/Inspection Fees

 

 

 

 

 

 

20a

Enter Lesser of Appraisal or Lot Sales Price

21e

Driveway

27

Survey Fees

 

 

 

 

 

 

20b

Less Amount Applied As Down Payment

21f

Power Pole/Electric

28

Points

 

 

 

 

 

20c

 

21g

Carport

29 Closing Costs/Pest Control Inspection Fee

 

 

 

 

 

IS DEALER SELLING LAND? YES__ NO__

21h

Other

30

Other

 

 

 

 

 

 

 

 

21i

Total Amenities

31

Maximum Allowable L/H Advance

 

 

 

 

 

 

CALIFORNIA-CA- A MARRIED APPLICANT MAY APPLY FOR CREDIT INDIVIDUALLY.

OHIO- OH-THE OHIO LAWS AGAINST DISCRIMINATION REQUIRE THAT ALL CREDITORS MAKE CREDIT EQUALLY AVAILABLE TO ALL CREDIT WORTHY CUSTOMERS, AND THAT CREDIT REPORTING AGENCIES MAINTAIN SEPARATE CREDIT HISTORIES ON EACH INDIVIDUAL UPON REQUEST. THE OHIO CIVIL RIGHTS COMMISSION ADMINISTERS COMPLIANCE WITH THIS LAW (SEC. 4112.021)

WASHINGTON-WA-PLEASE LET US KNOW IF WE SHOULD INVESTIGATE YOUR CREDIT REFERENCES AND/OR CREDIT HISTORY UNDER ANOTHER NAME.

AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT NOTICE

This is to give you notice that Palm Harbor Homes, Inc, Palm Harbor Homes I, L P. and Palm Harbor Marketing, Inc each doing business as Energy Efficient Housing, Masterpiece Homes, Austin Quality Repos, Factory Clearance Outlet, America's Choice, Palm Harbor Homes, Palm Harbor Village or CountryPlace Homes, have a business relationship with CountryPlace Mortgage, Ltd., a Texas limIted partnership; CountryPlace Mortgage. Ltd. d/b/a Reziloan; First Home Mortgage Corporation, a Georgia corporation. Palm Harbor Homes, Inc. owns 95% of First Home Mortgage Corporation and Palm Harbor Holding, Inc. and Palm Harbor G.P., Inc. each own 99% and 1% of the partnership interest of Palm Harbor Homes I, L.P., respectively. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for settlement of your loan on the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT-SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES. Palm Harbor Homes, Inc. is the sole limited partner of BankSource Mortgage (BSM Financial, L.P.). Because of this relationship, this referral may provide

Palm Harbor Homes, Inc., Palm Harbor Marketing, Inc., and/or Palm Harbor Homes I, L.P. each doing business as Energy Efficient Housing, Masterpiece Homes, America's Choice, Palm Harbor Homes, Palm Harbor Village or CountryPlace Homes, a financial or other benefit.

Provider and settlement service:

CountryPlace Mortgage, Ltd. and Bank Source Mortgage - Lender (taking loan applications. loan processing

and underwriting. and funding of loans)

Charge or range of charges:

Interest rates varying from 8% - 16% depending on down payment. points customer credit and other factors

I/we have read this disclosure form, and understand that Palm Harbor Homes I, L.P. or Palm Harbor Homes, Inc., each d/b/a Energy Efficient Housing, Masterpiece Homes, Masterpiece Housing, America's Choice, Palm Harbor Village, Palm Harbor Homes or CountryPlace Homes is referring me/us to purchase the above described settlement services and may receive a financial or other benefit as the result of this referral.

Initials: _____ _____ _____ _____

01/04