Form Gcc 1006R PDF Details

The GCC 1006R form plays a critical role in the home buying and rental process, serving as a vital tool for verifying an applicant's rent or mortgage account status. This document, which must be completed by both the lender and the landlord or creditor, ensures that agencies have the necessary information to determine an individual's eligibility for mortgage or rent approval. The form is a requirement by various statutes, including Title 38, USC, Chapter 37 for VA loans, 12 USC, Section 1701 et. seq. for HUD/FHA loans, 42 USC, Section 1452b for HUD/CPD loans, and Title 42 USC, 1471 et. seq., highlighting its importance across different housing programs. It carries a Privacy Act Notice, emphasizing that the collected information is strictly for agency use or its assignees to assess mortgage qualification and will not be disclosed unlawfully. Failure to provide the requested information could result in application delays or rejections, underscoring the form's significance. Instructions within the form outline the process clearly: lenders fill out the first segment, applicants the specified item, and landlords or creditors provide detailed account information before returning the form directly to the lender, bypassing any third parties to safeguard the integrity of the process. Furthermore, the form advises against altering information with corrective fluid and encourages initialing any errors, emphasizing accuracy and transparency in the verification process.

QuestionAnswer
Form NameForm Gcc 1006R
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesfannie mae verification of mortgage form, verification of mortgage request letter, gcc request verification mortgage form, gcc 1006r

Form Preview Example

Request for Verification of Rent or Mortgage Account

Privacy Act Notice: This information Is to be used by the agencY collecting It or its assignees in determining whether you qualify as a prospective mortgagor under Its program. It will not be disclosed outside the agency except as required and permitted by law. Vou do not have to provide this information, but If you do not your application for approval as a prospective mortgagor or borrow!!r may be delayed or rejected. The Information requested in this form i, authorized by Title 38, USC, Chapter 37 (If VA): by 12 USC, Section 1701 et. seq. IIf HUD/FHA): by 42 USC. Section 1452b Ilf HUD/CPD): and Title 42 USC, 1471 et. seq.,

Instruc1lons: Lender· Complete items 1 through 8. Have appllcantls) complete item 9. Lender then will forward directly to creditor named in item 1. Landlord/Creditor· Please complete items 10 through 18 and return DIREcnV to lender named in item 2.

The form Is to be transmttted dlrec1ly to the lender and Is not to lie transmitted through the applicant's) or any other party.

P............."•.•••••••••-......... , ..

Account in the

of

Account

o o

Mortgage

o Rental

Land Contract

o

10. Tenant rented from _________

W___________________________

Amount of rent $

per ___

Numbar of late payments ___---===--' Is account satisfactory? 0 Ves 0 No

o Mortgage Account or

11. Date account opened ___________

1 2.

Interest rate

%

Original contract amount

$ ________

 

o FIXED

UARM

Current account balance

$ ________

 

o FHA

DV . A .

Monthly payment P&I only

 

 

 

$ _______

 

DCONV.

DOTHER ___

Payment with taxes 8& Ins.

$ F==; --- "===; --

 

Next pay date ___________

 

 

 

 

 

 

 

'Is account current?

OVes

UNo

 

No. of late charges over 30

Was loan assumed?

OVes

DNo

 

days in last 12 months;' ________

Satisfactory account?

OVes

ONo

 

Insurance Agent:

 

F 2 MONTHS MUST BEWITHMSTKET

13. Additional information which may be of aIIslstance In determination of credit worthiness

statutes provide severe penalties for any rrauo, intentional misrepresentation, or criminal connivance or conspiracy purposed to Influence the issuance of any guaranty or insurance by the V.A. Secretary, the USDA, FmHAlFHA Commissioner, or the HUD/CPD Assistant Secretary.

 

or type)

16.

17. Print or Type Name Signed in Item 14

18. Phone No.

 

GCC· 1006R 11/981

Urgent: Please do not use white-out! ｃｲｯｳｳｾｯｵｴ＠and initial any errors.

How to Edit Form Gcc 1006R Online for Free

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As for the blanks of this particular document, here is what you want to do:

1. While submitting the verification of mortgage request letter, ensure to complete all of the necessary blanks in their associated part. This will help to speed up the process, allowing your details to be processed without delay and correctly.

fillable verifcation of rent completion process explained (step 1)

2. Soon after this part is done, go on to enter the suitable details in all these - Tenant rented from, Amount of rent Numbar of late, per, o Mortgage Account or, Date account opened, Original contract amount, Current account balance, Monthly payment PI only, Payment with taxes Ins, Is account current, OVes UNo, Was loan assumed, OVes DNo, Interest rate, and o FIXED o FHA.

Find out how to complete fillable verifcation of rent part 2

People frequently get some things incorrect when filling in Monthly payment PI only in this section. You need to read twice what you enter right here.

Step 3: Before addressing the next stage, make sure that blanks were filled out as intended. Once you confirm that it is correct, click on “Done." Acquire your verification of mortgage request letter once you subscribe to a 7-day free trial. Immediately access the pdf in your FormsPal cabinet, together with any modifications and changes being all kept! FormsPal ensures your information privacy via a protected system that never records or shares any personal data provided. Be assured knowing your paperwork are kept confidential whenever you work with our service!

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