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What is Fannie Mae Form 1003?

Mortgage Blog

There Is Good News For Veterans Across The Country

Fannie Mae Form 1003 is a loan application form designed by Fannie Mae and Freddie Mac that is used by lenders to obtain financial and personal information from borrowers who apply for a mortgage loan secured by a one to four unit residential real estate. Form 1003 is also known as the Uniform Residential Loan Application (URLA). Form 1003 is widely adopted by mortgage lenders as a standard loan application form. It is generally referred to as Form 1003, or just 1003 and pronounced as "ten-o-three". Freddie Mac also uses the same application form and is known as the Freddie Mac Form 65.

All blog post are written by Michael Hansen, unless credit is given. If you subscribe at the bottom of the blog, you will get snippets of the Bloggs written each month on the first of the month when your mortgage payment is due.

There is good news for veterans across the country, an Arizona Bulletin proudly exclaims. Guest author, retired USAF officer, and Arizona State Director G-11 Varrato II examines the changes to the VA home loans process, including the removal of the Guarantee Cap, and the possibility of veterans and active service members finally being recognized as a protected class by the Equal Credit Opportunity Act. This would help prevent discrimination toward military personnel and those with a veteran status, and grant those who have been overlooked for a mortgage rate or loan amount, or unfairly redlined by the mortgage industry a basis for civil action.