Standard Questions your Mortgage Banker will Ask

Here is a list of questions that will be asked by your banker:

 

1. Are there any outstanding judgements against you?

2. Have you been declared bankrupt within the past 7 years?

3. Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?
 
4. Are you a party to a lawsuit?

5. Have you been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgement?

6. Are you presently delinquent or in default on any Federal debt or any other loans?

7. Are you obligated to pay alimony, child support, or separate maintenance?
 
8. Is any part of the down payment borrowed?

9. Are you a co-maker or endorser on a note?

10. Are you a U.S. citizen?

11. Are you a permanent resident alien?
 
12. Do you intend to occupy the property as your primary residence?
 
13. Have you had an ownership interest in a property in the last three years?
 
14. What type of property did you own?   Principal Residence Second Home Investment Property  Principal Residence Second Home Investment Property

15. How did you hold title to the home?   Sole Ownership Jointly with Spouse Jointly with Another   Sole Ownership Jointly with Spouse Jointly with Another