Home Improvement Loan

Home Improvement Loan

2750 Colony Park Dr. Memphis, TN 38118 | Phone: 901-272-1122 | Fax: 901-272-1181
Application Process
Fill out the application below and provide a copy of a current, federal photo ID (driver's license or state ID). You must pay the Credit Report Fee for your application to be reviewed: $25 for an individual and $45 for a couple.

Once you have submitted your application along with the required documentation, your application will be reviewed by our Loan Officer. If additional information from you is needed, you will be contacted by one of our team members.

If you are pre-approved after your application is reviewed, our Loan Officer will contact you via phone and/or email. Please note: This process may take up to 7 to 10 business days. Please check your email regularly for updates, and check your email junk and/or spam folders.
How Do I Know if I Qualify?
Please review the eligibility and details for this program below:
- Minimum credit score: 580 (Non-traditional credit sources also accepted)
- Must be owner-occupied.
- All borrowers are required to attend a one-hour financial coaching session with one of our HUD-Certified Housing Counselors.
- Our debt ratio can be up to 45%
- If history of bankruptcy, you must have a minimum 2 years since discharge.
- Loans are underwritten in-house.

Home Improvement Needs
Please select your TOP THREE repair needs for this property:*

RoofingHVAC System (Heating and Air)ElectricalPlumbingAccessibility/Handicapped FeaturesWeatherization & Energy Conservation (storm windows, insulation, and other repairs to retain heat and air in the home)Exterior repairs (painting, siding, etc.)Code Violations
Please provide a brief description of your home repair needs:
IF APPLICABLE, Additional Property You Own

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Co-Borrower IF APPLICABLE

If you have a co-borrower, please fill out this section with their contact and employment information.
Name

First NameLast Name
Date of Birth

MonthDayYear
Date
Social Security Number
Ex: 123-45-6789
Citizenship Status

U.S. CitizenPermanent Resident AlienNon-Permanent Resident Alien
Co-borrower Martial Status

SingleMarriedSeparatedDivorcedWidowed
Current Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Mailing Address: answer only if different from Current Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Phone Number
Please enter a valid phone number.
Email
example@example.com

Financial Information - Assets and Liabilities

MONTHLY INCOME

	BORROWER (monthly payment)	CO-BORROWER (monthly payment)
Salary
Alimony
Child Support
Social Security
Pension Income
Public Assistance
Dependent SSI
Disability
TOTAL INCOME

If receiving Child Support or Dependent SSI, please enter below the number of children and their corresponding age(s). *PLEASE NOTE proof of income will be required.

LIABILITIES/DEBT: please list any debts you have, including credit cards, auto loans, student loans, and child-care expenses. DO NOT include rent or utility bill expenses.

	NAME OF ENTITY	BORROWER (monthly payment)	CO-BORROWER (monthly payment)	LOAN BALANCE
1.
2.
3.
4.

CHILD SUPPORT/ALIMONY: if you are paying child support or alimony, please list those expenses below.

	BORROWER (monthly payment)	CO-BORROWER (monthly payment)
1.
2.

If paying Child Support, please enter below the number of children and their corresponding age(s). *PLEASE NOTE proof of payment will be required.
Have you or your Co-borrower ever filed Chapter 7 bankruptcy?*

YesNo
If yes, when?

MonthDayYear
Date
Have you or your Co-borrower ever filed Chapter 13 bankruptcy?*

YesNo
If yes, when?

MonthDayYear
Date

LIVING EXPENSES: please list all monthly living expenses that apply to you.

	BORROWER (monthly expenses)	CO-BORROWER (monthly expenses)
Mortgage
Utilities (e.g. electric, gas and water bill)
Telephone/Cellular
Food
Cable/Satellite TV
WiFi/Internet
Other
TOTAL AMOUNT

Name of Mortgage Company
Mortgage Loan Number

ASSETS: please list all accounts, investments, and other values that apply to you.

	BORROWER	CO-BORROWER
Checking Account
Savings Account
Cash
Retirement (e.g. 401, IRA)
Other
TOTAL AMOUNT

Authorization
I authorize United Housing, Inc. to:
1. Pull my/our credit report to review for housing counseling, lending procedures, or additional informatin inquiries;
2. Release and/or receive credit, financial, employment, and other information to or from other agencies or firms as may be essential for improving my housing situation;
I under that participating in the homebuyer education program and completing this application does not guarantee that I am approved automatically for a loan or grant from United Housing, Inc. Also, I undertand that I do not have to use any of the loan products or services of United Housing, Inc. or work with its partners.

Any intentional misrepresentation of the information on this application can result in civil or criminal charges under the provisions of Title 18, United Status Code, Section 1001. All of the information provided on this form will be handled in a confidential manner. The law provides that a Lender/Agency may neither discriminate on the basis of this information nor on whether you choose to furnish it. However, if you chose not to furnish it, under Federal regualtions, this Lender/Agency is required to note race and gender on the basis of visual observation or surname.

The Fair Housing Act prohibits discrimination in housing because of race, color, national orgin, reiligon, sex, familial status, or disability. You also will receive a copy of the "Fair Housing Equal Opporunity" brochure once you complete your counseling session.
I, the BORROWER, have read and understood all of the information and certify that I have been truthful in completing this application form. *

Clear
Date*

MonthDayYear
Date
I, the CO-BORROWER, have read and understood all of the information and certify that I have been truthful in completing this application form.

Clear
Date

MonthDayYear
Date

BORROWER(S) CERTIFICATION AND AUTHORIZATION
Borrower(s) Certification

I/We have applied for a loan from United Housing, Inc. (UHI). In applying for the loan, I/we completed a loan application containing various information including: (1) the purpose of the loan, (2) my/our employment and income information, and (3) my/our assets and liabilities. I/We certify that all the information provided on the application is true and complete. I/We made no misrepresentations in the loan application or other documents, nor did I/we omit any pertinent information.

I (We) give permission to United Housing, Inc. hereafter referred to as (UHI) to obtain and review my credit report. I understand and agree that UHI intends to use the credit report for the purpose of evaluating my credit history. I (We) authorize the release of all information regarding rental history, verification of my (our) past and present employment and other earnings records, clarification of credit issues, bank accounts, stock holdings, and any other financial records that are requested by United Housing, Inc.

I/We understand and agree that UHI may verify the information provided on the application and my/our credit report by contacting my/our employer and/or other source of reported income, my/ourfinancial institution and my/our creditors.

I/We fully understand that it is a Federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements when applying for this loan.

Authorization to Release Information

I/We have applied for a loan from United Housing (UHI). As part of the loan application and closing process, I/we understand that I/we will be providing UHI with both public and non-public personal information, including but not limited to my/our name, address, employment history and income, bank account numbers and balances, credit history, copies of my/our tax returns and otherinformation contained in or related to my/our loan application (“Nonpublic Personal Information”). I/We understand that the UHI may verify the information it receives either before or after the loan is closed or as part of the Lender’s quality control program.

I/We authorized United Housing to disclose my/our Nonpublic Personal Information to other parties, including but not limited to:
- CreditBureaus
- Insurers/Guarantors
- Potentialinvestors
I/We understand that Nonpublic Personal Information, as well as other documents or information provided to UHI with my/our loan application may be used by other departments of the agency for the purpose of determining if there are other UHI’s products for which I/we may qualify or be interested in. I/We hereby authorized the use of such information by UHI for such purpose andunderstand and agree that I/we may receive information in the future regarding other UHI’s products.

BORROWER ACKNOWLEDGEMENT

The borrower(s), having read the contents of the Home Improvement/Repair Loan Program Guidelines, the Outline of ConstructionProcess, and the above disclosures, acknowledges receipt of these documents and by signing below agree to the terms of the program. A photo copy of my/our signature(s) may be deemed to be the same as my/our original signature(s) and may be used in place of my/our original signature(s).
BORROWER SIGNATURE*

Clear
Date*

MonthDayYear
Date
CO-BORROWER SIGNATURE

Clear
Date

MonthDayYear
Date

FEDERAL NOTIFICATIONS
Equal Credit Opporunity Act Notice

The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income is derived from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this lender is:

Federal Reserve Consumer Help
PO Box 1200
Minneapolis, MN 55480
(888) 851-1920 phone
(877) 766-8533 TTY
(877) 888-2520 fax

Fair Credit Reporting Act Notice
An investigation will be made as to the credit standing of all persons who apply for credit by completing and submitting a loan application with United Housing. The nature and scope of any investigation will be furnished to you upon written request made within a reasonable period of time. In the event United Housing denies your application due to an unfavorable consumer report, you will be advised of the identity of the Consumer Reporting Agency making such report and of your right to request within sixty (60) days the reason for the adverse action, pursuant to provision of section 615(b) of the Fair Credit Reporting Act.

USA Patriot Act Requirements Notification
To help the government fight thefunding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means to you: When you open an account, we will askfor your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Credit Report Payment
Please insert your payment information to run your credit report and complete your application.

Credit Report Fee*

Individual Credit

$25.00

Joint Credit

$45.00

Total

$0.00

Credit Card

Thank you for submitting this application!
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Home Improvement Loan

Application Process

How Do I Know if I Qualify?

Borrower Personal Information

Home Improvement Needs

Borrower Employment and Income | LAST TWO YEARS

Employer IF less than 24 months

Co-Borrower IF APPLICABLE

Current Co-Borrower Employment and Income | LAST TWO YEARS

Employer IF less than 24 months

Financial Information - Assets and Liabilities

Demographic Information

Authorization

BORROWER(S) CERTIFICATION AND AUTHORIZATION

FEDERAL NOTIFICATIONS

Credit Report Payment

Credit Card