| Spanish Homes, Inc. Express Loan Approval Application BORROWER(S) HEREBY ACKNOWLEDGE AND AGREE THAT THIS APPLICATION IS FOR PRE-QUALIFICATION OF A SPECIFIC MONTHLY PAYMENT AMOUNT. SPANISH HOMES, ("LENDER") WILL COLLECT THE PRELIMINARY DATA NECESSARY TO DETERMINE YOUR PRE-QUALIFICATION INCLUDING AN IN-FILE CREDIT REPORT FROM A CONSUMER REPORTING AGENCY, BUT WILL NOT VERIFY YOUR DEPOSITS AT FINANCIAL INSTITUTIONS OR YOUR EMPLOYMENT HISTORY. UPON WRITTEN REQUEST, LENDER WILL BEGIN THE PROCESSING OF YOUR FORMAL MORTGAGE LOAN APPLICATION (AS DEFINED BY THE REAL ESTATE SETTLEMENT PROCEDURES ACT) FOR A SPECIFIC PROPERTY BASED ON THE PROGRAM AND LOAN AMOUNT THAT YOU REQUEST AT THAT TIME. BORROWER(S) AUTHORIZES AND PERMITS LENDER TO RELEASE INFORMATION REGARDING PRE-QUALIFICATION TO INCLUDE CREDIT AND EMPLOYMENT STATUS TO BUILDER AND/OR REALTOR. |