Reverse Mortgage Application Form 1009

The gse updated the 1009 to comply with federal housing finance agency fhfa and federal housing administration fha.

Reverse mortgage application form 1009. Reverse mortgage application 1009. In case you missed it beginning in july 2010 a new loan application will be required. Hud va addendum to uniform residential loan application 92900 a pdf yes. For the borrower s application an fha insured reverse mortgage home equity conversion mortgage or hecm the lender must use the residential loan application for reverse mortgages fannie mae form 1009.

Revisions to fannie mae 1009 residential loan application for reverse mortgages fannie mae 1009 residential loan application for reverse mortgages form has been modified to reflect compliance with the home mortgage disclosure act hmda the usa patriot act pub. 272 2001 and current office of management and budget omb standards for reporting race and. Hecm anti churning disclosure 92901 anti churning pdf yes. Form 1009 reverse mortgage applying for a home equity loan is similar but easier than applying for a new mortgage.

The residential loan application for reverse mortgage fannie mae form 1009 must. For both forms if the mortgage applied for is a hecm the hud va addendum hud 92900 a must be completed. The lender will ask you for much of the same information as it would when applying for newrez mortgage payment phone number a mortgage such as access to your credit score. Hello lisa some lenders have an online application form that requests all the information that allows them to complete the fnma form 1009 or they could ask you to just fill out the 1009 application itself but this is the application hud uses for the reverse mortgage in addition though there are several other forms and disclosures that go along with the application that borrowers must.

For reverse mortgage fannie mae form 1009 or the uniform residential loan application freddie mac form 65 fannie mae form 1003. Each lender will follow roughly the same steps when assessing your application. Fannie mae fnma has updated its reverse mortgage loan application 1009 and is requiring that lenders use the new form starting july 1 2010. Reverse mortgage scenario request complete the form below and we will get back with you within 24 hours.

When you have a complete file upload it here. Fha insures reverse mortgages for one to four family units under various provisions of section 255 of the national housing act title 12 united states code section 1715z 20 et seq. Ibmc lending 1801 park court place g100 santa ana ca 92701 nmls license 1601329.