Loan Summary Sheet PDF Details

Are you in the market for a new car, boat or home? If so, you will likely need to take out a loan to finance your purchase. A Loan Summary Sheet Form can help you keep track of all the important information related to your loan. This form can help you stay organized and ensure that you are making timely payments on your loan. By keeping track of your loan information, you can avoid any costly mistakes. In this blog post, we will discuss the basics of a Loan Summary Sheet Form and provide an example of how to use it.

Listed below are some details you might want to review before using the loan summary sheet.

QuestionAnswer
Form NameLoan Summary Sheet
Form Length2 pages
Fillable?Yes
Fillable fields1
Avg. time to fill out42 sec
Other namesIRRRLs, what is mcrv number on va loan summary, va loan summary sheet, REFINANCE

Form Preview Example

VA LOAN SUMMARY SHEET

1.VA'S 12-DIGIT LOAN NUMBER

2.VETERAN'S NAME (First, middle, last)

 

 

 

 

 

 

3. VETERAN'S SOCIAL SECURITY

 

4. GENDER OF VETERAN

5. VETERAN'S DATE OF BIRTH

NUMBER

 

 

 

(Check one)

(mm/dd/yyyy)

 

 

 

 

 

MALE

 

FEMALE

 

 

 

6A. ETHNICITY

 

6B. RACE (May select more than one)

 

 

 

NOT HISPANIC OR LATINO

AMERICAN INDIAN OR ALASKAN NATIVE

ASIAN

BLACK OR AFRICAN AMERICAN

HISPANIC OR LATINO

NATIVE HAWAIIAN OR PACIFIC ISLANDER

WHITE

UNKNOWN

 

 

 

 

 

 

7. ENTITLEMENT CODE (01 to 11, from VA

 

8. AMOUNT OF ENTITLEMENT AVAILABLE

Certificate of Eligibility)

 

 

 

 

(From VA Certificate of Eligibility)

 

 

 

 

 

 

 

 

 

9. BRANCH OF SERVICE (Check one)

 

4. MARINE CORPS

5. COAST GUARD

6. OTHER

1. ARMY

2. NAVY

3. AIR FORCE

10. MILITARY STATUS (Check One)

2. IN SERVICE

 

 

 

1. SEPARATED FROM SERVICE

 

 

 

11. FIRST TIME HOME BUYER (Check one)

YES

NO

This means a veteran who has not previously purchased

 

 

a home, either by cash, assumption, or new financing.

 

 

 

 

 

 

 

12. LOAN PROCEDURE

(Check one)

 

 

 

AUTOMATIC

AUTO-IRRRL

VA PRIOR APPROVAL

 

 

13. PURPOSE OF LOAN (Check one)

2. MANUFACTURED HOME

3. CONDOMINIUM

1. HOME (INCLUDES MH ON

PERMANENT FOUNDATION)

 

 

 

4. ALTERATIONS/IMPROVEMENTS

5. REFINANCE

 

 

14.LOAN CODE (Check one)

1. PURCHASE

2. IRRRL (STREAMLINE REFINANCE)

3. REGULAR ("Cash-out") REFINANCE

4. MANUFACTURED HOME

5. REFINANCING OF CONSTRUCTION LOAN, LAND SALE CONTRACT OR

REFINANCE

 

LOAN ASSUMED AT HIGHER RATE OF INTEREST (*Maximum guaranty on

 

 

these loans is $36,000)

 

15.PRIOR LOAN TYPE (Note: Must be completed if Regular ("Cash-out") Refinance is selected in Item 14)

1. FHA-FIXED 2. FHA-ARM/HARM 3. CONVENTIONAL-FIXED 4. CONVENTIONAL-ARM/HARM

5. CONVENTIONAL-INTEREST ONLY

6. VA-FIXED 7. VA-ARM/HARM

8. OTHER

 

 

 

 

 

16. TYPE OF MORTGAGE (Check one)

 

 

 

 

0. REGULAR FIXED PAYMENT 1. GPM-NEVER TO EXCEED NOV

2. OTHER GPMs

3. GEM

4. TEMPORARY BUYDOWN

5. HYBRID ARM

6. ARM

17.TYPE OF HYBRID-ARM (NOTE: Must be completed if Hybrid Arm is selected in Item 16)

3/1

5/1

7/1

10/1

 

 

 

18. TYPE OF OWNERSHIP (Check one)

 

19. CLOSING DATE

1. SOLE OWNERSHIP (VETERAN &

2. JOINT - 2 OR MORE VETERANS

(mm/dd/yyyy)

 

SPOUSE OR VETERAN ONLY)

3. JOINT - VETERAN/NON-VETERAN

 

 

 

20. PURCHASE PRICE (N/A for Refinance Loans)

$

 

 

21. REASONABLE VALUE (For IRRRLs - If appraisal has not been done,

$

loan amount of prior VA loan)

 

22.ENERGY IMPROVEMENTS (Check all applicable boxes)

NONE

 

INSTALLATION OF SOLAR

 

REPLACEMENT OF A MAJOR

HEATING/COOLING

 

ADDITION OF A NEW FEATURE

 

SYSTEM

 

 

 

 

 

INSULATION, CAULKING,

OTHER IMPROVEMENTS

 

WEATHER-STRIPPING, ETC.

 

$

23. LOAN AMOUNT

 

 

 

(Purchase - Purchase Price or RV (lesser) + Funding Fee)

 

 

 

 

(Refi - Max 90% LTV + Funding Fee)

 

 

(IRRRL - Old Loan Payoff + All Closing Costs)

$

 

 

 

 

24. PROPERTY TYPE

(Check one)

 

 

NEITHER

PUD

CONDOMINIUM

 

25. APPRAISAL TYPE (Check one)

IND - SINGLE PROPERTY-IND APPRAISAL

MBL - MANUFACTURED HOME

ONE - MASTER CRV CASE

LAPP - LENDER APPRAISAL

(MCRV)

 

HUD - CONVERSION

PMC - PROP. MGMT. CASE

NOV 2008 26-0286

WHICH WILL NOT BE USED.

VA FORM

SUPERSEDES VA FORM 26-0286, AUG 2006,

26. TYPE OF STRUCTURE (Check one)

1. CONVENTIONAL

2. SINGLEWIDE M/H

3. DOUBLEWIDE M/H

CONSTRUCTION

 

 

4. M/H LOT ONLY

5. PREFABRICATED HOME

6. CONDOMINIUM CONVERSION

27. PROPERTY DESIGNATION (Check one)

1. EXISTING OR USED HOME, CONDO, M/H

2. APPRAISED AS PROPOSED CONSTRUCTION

3. NEW EXISTING - NEVER OCCUPIED

4. ENERGY IMPROVEMENTS

 

 

 

 

28. NO. OF UNITS (Check one)

 

 

29. MCRV NO.

SINGLE

TWO UNITS

THREE UNITS

FOUR OR MORE

 

 

 

30. MANUFACTURED HOME CATEGORY(Check one)

0. OTHER - NOT M/H

 

1. M/H ONLY (RENTED SPACE)

2. M/H ONLY (VETERAN-OWNED LOT)

 

7. M/H ON PERMANENT FOUNDATION

31. PROPERTY ADDRESS

 

 

 

32. CITY

33. STATE

34. ZIP CODE

35. COUNTY

36. LENDER VA ID NUMBER

37. AGENT VA ID NUMBER (If applicable)

38. LENDER LOAN NUMBER

FOR LAPP CASES ONLY

 

 

 

39. LENDER SAR ID NUMBER

 

 

 

 

 

40. GROSS LIVING AREA

41. AGE OF PROPERTY (Yrs.)

42. DATE SAR ISSUED NOTIFICATION

(Square Feet)

 

OF VALUE (mm/dd/yyyy)

 

 

 

43. TOTAL ROOM COUNT

44. BATHS (No.)

45. BEDROOMS (No.)

46.IF PROCESSED UNDER LAPP, WAS THE FEE APPRAISER'S ORIGINAL VALUE ESTIMATE CHANGED OR REPAIR RECOMMENDATIONS REVISED, OR DID THE SAR OTHERWISE MAKE SIGNIFICANT ADJUSTMENTS?

YES (If "Yes," there must be written justification by fee appraiser and/or SAR)

NO

 

 

INCOME INFORMATION (Not Applicable for IRRRLs)

 

47A. LOAN PROCESSED UNDER VA RECOGNIZED AUTOMATED UNDERWRITING SYSTEM

YES

NO (If "Yes," Complete Item 47B and 47C)

 

 

47B. WHICH SYSTEM WAS USED?

01. LP

 

47C. RISK CLASSIFICATION

02. DU

03. PMI AURA

04. CLUES

05. ZIPPY

 

1. APPROVE

2. REFER

 

 

 

 

 

 

 

48.CREDIT SCORE (Enter the median credit score for the veteran only)

49. LIQUID ASSETS

 

$

 

 

 

 

 

50. TOTAL MONTHLY GROSS INCOME

(Item 31+Item 38 from

$

VA Form 26-6393)

 

51. RESIDUAL INCOME

 

$

 

 

 

 

 

52. RESIDUAL INCOME GUIDELINE

 

$

 

 

53.DEBT- INCOME RATIO (If Income Ratio is over 41% and Residual Income is not 120% of guideline, statement of justification signed by underwriter's supervisor must be included on or with VA Form 26-6393)

 

 

 

 

 

 

 

 

 

%

54. SPOUSE INCOME CONSIDERED

 

55. SPOUSE'S INCOME AMOUNT (If considered)

YES

NO

(If "Yes," Complete Item 55)

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DISCOUNT INFORMATION (Applicable for All Loans)

 

56. DISCOUNT POINTS CHARGED

 

 

 

% OR

$

 

 

 

 

 

 

 

 

 

57. DISCOUNT POINTS PAID BY VETERAN

 

 

 

% OR

$

 

 

 

 

 

 

 

 

 

58. TERM (Months)

 

59. INTEREST RATE

 

 

60. FUNDING FEE EXEMPT

 

 

 

 

 

%

 

Y - EXEMPT

N - NOT EXEMPT

 

 

 

 

 

 

 

 

 

 

 

 

FOR IRRRLS ONLY

 

 

 

61. PAID IN FULL VA LOAN NUMBER

 

 

 

 

 

 

 

 

 

 

 

62. ORIGINAL LOAN AMOUNT

 

63. ORIGINAL INTEREST RATE

$

 

 

 

 

 

 

 

 

%

 

 

 

 

 

 

 

 

 

64. REMARKS

 

 

 

 

 

 

 

 

VA FORM 26-0286, NOV 2008

How to Edit Loan Summary Sheet Online for Free

You can certainly fill out forms using our PDF editor. Revising the irrrl form is a breeze in case you adhere to the next steps:

Step 1: The first thing is to hit the orange "Get Form Now" button.

Step 2: The instant you access the irrrl editing page, you will find lots of the options it is possible to undertake about your form in the top menu.

Prepare the i, rrr, l PDF by providing the data needed for each part.

2008 empty fields to consider

Complete the AUTOMATIC, AUTO, I, RRR, L, PURPOSE, OF, LOAN, Check, one LOAN, CODE, Check, one VA, PRIOR, APPROVAL MANUFACTURED, HOME CONDOMINIUM, REFINANCE, PURCHASE, I, RRR, L, STREAMLINE, REFINANCE REGULAR, Cash, out, REFINANCE MANUFACTURED, HOME, REFINANCE CONVENTIONAL, FIXED, VA, FIXED VA, ARM, HARM OTHER, and REGULAR, FIXED, PAYMENT, GEM fields with any particulars that will be required by the program.

stage 2 to completing 2008

Note the appropriate data as you are within the OTHER, IMPROVEMENTS LOAN, AMOUNT PROPERTY, TYPE, Check, one NEITHER, PU, D CONDOMINIUM, APPRAISAL, TYPE, Check, one ONE, MASTER, CR, V, CASE, MCR, V, HUD, CONVERSION and LAPP, LENDER, APPRAISAL area.

Entering details in 2008 step 3

In part ONE, MASTER, CR, V, CASE, MCR, V, HUD, CONVERSION LAPP, LENDER, APPRAISAL PM, C, PROP, M, GMT, CASE and VA, FORM, NOV indicate the rights and obligations.

Filling in 2008 part 4

End by looking at the next areas and typing in the appropriate particulars: TYPE, OF, STRUCTURE, Check, one CONVENTIONAL, CONSTRUCTION, MH, LOT, ONLY SINGLE, WIDE, MH DOUBLE, WIDE, MH PREFABRICATED, HOME CONDOMINIUM, CONVERSION NO, OF, UNITS, Check, one, TWO, UNITS SINGLE, MCR, V, NO THREE, UNITS FOUR, OR, MORE MANUFACTURED, HOME, CATEGORY, Check, one OTHER, NOT, MH, MH, ONLY, VETERAN, OWNED, LOT PROPERTY, ADDRESS and CITY.

2008 TYPEOFSTRUCTURECheckone, CONVENTIONALCONSTRUCTIONMHLOTONLY, SINGLEWIDEMH, DOUBLEWIDEMH, PREFABRICATEDHOME, CONDOMINIUMCONVERSION, NOOFUNITSCheckoneTWOUNITS, SINGLE, MCRVNO, THREEUNITS, FOURORMORE, MANUFACTUREDHOMECATEGORYCheckone, OTHERNOTMHMHONLYVETERANOWNEDLOT, PROPERTYADDRESS, and CITY blanks to complete

Step 3: As soon as you are done, hit the "Done" button to upload your PDF document.

Step 4: To avoid any specific issues in the long run, be sure to get no less than two or three copies of the document.

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