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.
Question | Answer |
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Form Name | Form 115B |
Form Length | 2 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 30 sec |
Other names | credit_app palm harbor homes credit application form |
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Palm Harbor Homes |
America’s Choice |
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15303 Dallas Parkway, Ste. 800 |
Palm Harbor Village |
Factory Clearance Outlet |
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Addison, TX 75001 |
Country Place Homes |
Masterpiece Homes |
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(972) |
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Austin Quality Homes |
Energy Efficient Housing |
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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
SALESPERSON / INTERVIEWER
SLS/LIC#
PHONE
DEALER/CONTRACTOR
Date
Time
FORM #115B REV. 1/04
INVESTIGATOR |
PARTIAL DOWN PAYMENT AMOUNT |
D.P. SOURCE |
DEALER # |
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(A) |
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APPLICANT INFORMATION |
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(B) |
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FULL NAME - Last, First, Middle |
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FULL NAME - Last, First, Middle |
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Other names used including Maiden name: |
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Other names used including Maiden name: |
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BIRTHDATE |
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DEPENDENT CHILDREN |
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BIRTHDATE |
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DEPENDENT CHILDREN NOT LISTED UNDER (A) APPLICANT |
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NUMBER: |
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AGES: |
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NUMBER: |
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AGES: |
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SOCIAL SECURITY NO. |
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MARITAL |
M=Married |
S=Separated |
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SOCIAL SECURITY NO. |
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MARITAL |
M=Married |
S=Separated |
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STATUS: |
U=Unmarried (single, divorced, widowed) |
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STATUS: |
U=Unmarried (single, divorced, widowed) |
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PRESENT STREET ADDRESS |
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PRESENT STREET ADDRESS |
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CITY, STATE, ZIP CODE |
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CITY, STATE, ZIP CODE |
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HOW LONG AT |
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HOME PHONE NO. |
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HOW LONG AT |
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HOME PHONE NO. |
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PRESENT ADDRESS |
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Years |
Months |
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PRESENT ADDRESS |
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Years |
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RESIDENTIAL |
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H=Home Owner |
R=Renter |
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MO. RENT OR |
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RESIDENTIAL |
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H=Home Owner |
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R=Renter |
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MO. RENT OR |
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STATUS: |
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P=Parents |
O=Other |
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MTG. PYMT.$ |
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STATUS: |
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P=Parents |
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O=Other |
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MTG. PYMT.$ |
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LANDLORD OR MORTGAGE HOLDER’S NAME |
PHONE NO. |
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LANDLORD OR MORTGAGE HOLDER’S NAME |
PHONE NO. |
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BALANCE OF |
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ACCOUNT NO. |
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BALANCE OF |
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ACCOUNT NO. |
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MORTGAGE: $ |
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MORTGAGE: $ |
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PREVIOUS ADDRESS (If less than 3 years at present address) |
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HOW LONG |
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PREVIOUS ADDRESS (If less than 3 years at present address) |
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HOW LONG |
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Years |
Months |
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Years |
Months |
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OTHER PREVIOUS ADDRESS |
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PREVIOUS RESIDENCE |
OTHER PREVIOUS ADDRESS |
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PREVIOUS RESIDENCE |
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STATUS: |
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STATUS: |
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Applicant’s Employment |
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EMPLOYER’S NAME |
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EMPLOYER’S CITY, STATE |
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EMPLOYER’S NAME |
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EMPLOYER’S CITY, STATE |
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EMPLOYER’S BUSINESS |
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SUPERVISOR |
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EMPLOYER’S BUSINESS |
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SUPERVISOR |
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SALARY (Gross) |
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H=Hour |
W=Week |
WORK PHONE NO. |
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SALARY (Gross) |
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H=Hour |
W=Week |
WORK PHONE NO. |
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$ |
PER |
M=Month |
Y=Year |
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$ |
PER |
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M=Month |
Y=Year |
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JOB TITLE OR OCCUPATION |
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JOB CODE |
HIRE DATE |
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JOB TITLE OR OCCUPATION |
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JOB CODE |
HIRE DATE |
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PREVIOUS EMPLOYER |
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EMPLOYED |
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PREVIOUS EMPLOYER |
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EMPLOYED |
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FROM |
TO |
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FROM |
TO |
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PREVIOUS EMPLOYER’S ADDRESS |
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PHONE NO. |
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PREVIOUS EMPLOYER’S ADDRESS |
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PHONE NO. |
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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 |
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basis for repayment of the requested credit. |
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(A) SOURCE OF OTHER INCOME |
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MONTHLY AMOUNT |
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(B) SOURCE OF OTHER INCOME |
MONTHLY AMOUNT |
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CHILD CARE |
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MONTHLY AMOUNT |
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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 =
J = Joint
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CHECKING ACCOUNT WITH (Name and address) |
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PHONE NO. |
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ACCOUNT NO. |
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SAVINGS ACCOUNT WITH (Name and address) |
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PHONE NO. |
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ACCOUNT NO. |
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LAST VEHICLE FINANCED |
DATE PURCHASED |
MODEL, YEAR, AND MAKE OF VEHICLE |
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# VEHICLES OWNED |
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ADDRESS |
PHONE NO. |
CURRENT BALANCE ($) |
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MONTHLY PAYMENT ($) |
AMOUNT PAST DUE ($) |
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List all other obligations including the liability for payment of alimony, child support or separate maintenance. Be sure to list all open accounts.
OWNER |
CREDITOR NAME, ADDRESS AND PHONE NUMBER |
FHA INSURED? |
DATE OPEN |
HIGH CREDIT |
ACCOUNT NUMBER |
CURRENT BAL. ($) |
MO. PAYMENT ($) |
AMT. PAST DUE ($) |
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VISA |
CURRENT BALANCE |
MONTHLY PAYMENT |
MASTERCARD |
CURRENT BALANCE |
MONTHLY PAYMENT |
DEPARTMENT STORE |
CURRENT BALANCE |
MONTHLY PAYMENT |
CURRENT BALANCE |
MONTHLY PAYMENT |
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___ Yes |
___ No $ |
$ |
___ Yes ___ No |
$ |
$ |
___ Yes ___ No |
$ |
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Other |
$ |
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RELATIVE LIVING NEAREST APPLICANT (Name and address) |
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RELATIONSHIP |
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RELATIVE’S PHONE NO. |
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RELATIVE LIVING NEAREST APPLICANT (Name and address) |
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RELATIONSHIP |
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RELATIVE’S PHONE NO. |
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ONLY APPLICABLE TO MANUFACTURED HOMES. Do the undersigned intend to occupy the property as their primary residence? |
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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
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❑ I do not wish to furnish this information |
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❑ I do not wish to furnish this information |
❑ No |
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Applicant: |
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ETHNICITY: |
❑ Hispanic or Latino |
❑ Not Hispanic or Latino |
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ETHNICITY: ❑ |
Hispanic or Latino |
❑ Not Hispanic or Latino |
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RACE: |
❑ American Indian or Alaskan Native |
❑ Asian ❑Black or African American |
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RACE: |
❑ American Indian or Alaskan Native |
❑ Asian ❑Black or African American |
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❑ Native Hawaiian or Other Pacific Islander |
❑White |
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❑ Native Hawaiian or Other Pacific Islander |
❑White |
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SEX: |
❑ Male ❑ Female |
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SEX: |
❑ Male |
❑ Female |
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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 |
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APPLICANT |
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(1) HAVE YOU DECLARED BANKRUPTCY WITHIN THE PAST 10 YEARS? |
WHERE? |
WHEN? |
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(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 |
HOW MUCH? |
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(5) HAVE YOU ANY OTHER APPLICATION FOR AN FHA TITLE 1 IMPROVEMENT LOAN PENDING AT THIS TIME? |
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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
regarding their credit experience with you to any and all credit reporting agencies. |
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APPLICANT |
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SIGNATURE |
SIGNATURE |
REQUIRED X ________________________________________________ DATE ________________ |
REQUIRED X ________________________________________________ DATE ________________ |
(A) APPLICANT Driver’s License No. ____________________________________________________ |
(B) |
Manufactured Home
Make |
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Model: |
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Yr: |
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Width: |
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Length: |
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New_______ |
Used_______ |
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Primary Residence |
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Land or Lot Payment |
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Yes_______ |
No_______ |
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$_____________ |
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Physical Address |
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MH PLACEMENT |
❑ Leased Land |
❑ Indian Reservation |
❑ Park |
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❑ Owned Land Free & Clear |
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❑ Family Land |
Loan Type
Conventional_____ |
Land/Home_____ |
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FINANCING OPTIONS |
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Constrcution_____ |
90 Day No Pay_____ |
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Term: |
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Rate: |
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Payments: |
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______ MTH |
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_____% |
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PARTICIPATION |
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FLOOR PLAN |
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As Earned______ |
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Up Front______ |
Pre Sold______ |
Stock______ |
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Points |
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#______________ |
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Finance:____________________ |
Cash:_________ |
SALES INFORMATION
1 |
Cash Sales Price(Include Home, Land, Improvements) |
9 |
11a |
Manufacturer's Invoice |
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2 |
Sales Tax |
9a |
Manufacturer |
Year |
11b |
Deletions |
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3 |
Cash Sales Price with Tax |
9b |
Model |
Size |
11c |
Net Invoice |
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4a |
Gross |
9c |
11d |
Adjusted Invoice |
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4b Less Amount Owed |
Down Payment Borrowed? Y OR N |
12 |
Total Options |
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If “Yes”, Monthly Payment $________ |
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4c Net Trade |
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OPTIONS - DEALER INSTALLED EQUIPMENT |
13 |
Set - Up |
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NO TO EXCEED 25% OF MANUF. INV OR NADA |
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5 |
Cash Down Payment |
10a |
Air Conditioner |
14 |
Taxes |
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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 |
23 |
Garage |
|
|
|
|
|
|
|
18c |
Land Equity |
21b |
Septic/Sewer |
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 |
|
|
|
|
|
|
OHIO-
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
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 |