Loan Modification Form PDF Details

In the realm of loan modifications, the Home Affordable Modification Program (HAMP) Non-Borrower Occupancy and Income Certification Form plays a critical role for individuals not listed on a mortgage but who reside in the home subject to a potential loan modification. This form serves as a declaration by the occupant, affirming their residence in the property and requesting the inclusion of their income in the loan modification review process. It is important to note that the inclusion of a non-borrower's income is subject to specific conditions, among which is the stipulation that such income can only support a modification under HAMP once within a five-year period, regardless of any changes in the principal residence of the non-borrower. Additionally, by signing the form, the non-borrower gives explicit permission to the lender to obtain their credit report, a step essential for verifying occupancy and assessing the financial circumstances surrounding the modification request. The completion of this certification form thus represents a pivotal step in the loan modification process, enabling lenders to consider a broader range of income sources while ensuring compliance with federal program guidelines.

QuestionAnswer
Form NameLoan Modification Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other nameshome borrower certification, non borrower financial contribution form, occupancy income certification, borrower credit authorization form

Form Preview Example

Home Affordable Modification Program

Non- Borrower Occupancy and Income Certification Form

I, _________________________, occupy the home at ___________________________

and request my income be included in the review for a modificaiton on the loan secured by the property address above. I understand that my income may not be used in support of more than one modification under the federal government's Home Affordable Modification Program, even if my principal residence changes or has changed. By signing this document, I certify that my income has not been included in a HAMP application or review with any Servicer within the past 5 years. By signing this document, I also direct__________________________ to obtain copies of my credit

report for the purpose of verifying my occupancy in the residence listed above.

This consent for a credit bureau report shall expire upon completion of the modifcation review.

________________________________

________________________________

NAME (NON-BRORROWER)

SIGNATURE (NON-BRORROWER)

DATE: _____________________

LOAN NUMBER: _____________________

NON-BORROWER SOCIAL SECURITY NUMBER: _____-____-_____

DATE OF BIRTH: _____________________

How to Edit Loan Modification Form Online for Free

Any time you need to fill out borrower credit authorization form, you don't have to download any kind of software - just use our online PDF editor. In order to make our tool better and more convenient to utilize, we consistently develop new features, with our users' suggestions in mind. Starting is simple! Everything you need to do is stick to these simple steps down below:

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Step 2: As soon as you launch the editor, you will get the document made ready to be filled in. Besides filling out different fields, you may as well do several other actions with the form, particularly putting on any text, changing the initial text, adding images, signing the PDF, and much more.

As for the fields of this particular PDF, here is what you should do:

1. To begin with, when filling out the borrower credit authorization form, start in the page that features the next blank fields:

non borrower contribution form completion process described (step 1)

2. After this section is filled out, go to type in the relevant information in all these - DATE, LOAN NUMBER, NONBORROWER SOCIAL SECURITY NUMBER, and DATE OF BIRTH.

NONBORROWER SOCIAL SECURITY NUMBER, DATE OF BIRTH, and DATE inside non borrower contribution form

Be very mindful while filling in NONBORROWER SOCIAL SECURITY NUMBER and DATE OF BIRTH, because this is the section in which many people make mistakes.

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