University Mortgage Services 120 Alexander Street Princeton, NJ 08540 (609) 258-3123 (609) 258-2613 FAX Required Financial Information for Mortgage Worksheet Please complete the following information and FAX it back to University Mortgage Services at (609) 258-2613 at least 24 hours prior to your appointment: Name Rank Department Date of hire Work phone number Home phone number E-mail Current address Section 1: Residency Information Before answering the financial questions, we must ask that you provide the following information: 1. Are you a U.S. citizen?____________________________________________________________ If not, are you currently on a green card or a visa status? _______________________________ If visa status, list expiration date: ___________________________________________________ Please note: If you are under a visa status, your visa must NOT expire in less than two (2) years from the date the mortgage application is accepted for the applicant to be eligible for a University mortgage. Please feel free to call our office at (609) 258-3123 for further details, if applicable. 2. Are you currently living in University-owned or -financed property? Yes No If yes, please indicate if you are renting through the University or have a University mortgage: ď€ Renting Section 2: ď€ University mortgage Financial Information Applicant’s Princeton University salary* _____________________________________ *10-month employees should include summer salary through Princeton University. Income of co-borrower, if applicable** ______________________________________ **Co-borrower must reside in the property as his/her primary residence in order to count income. Other income*** _______________________________________________________ ***Dividend and/or interest income may NOT be included. Please note: We can only count co-borrower’s income and/or other income up to the amount of the applicant’s Princeton University salary. Therefore, the maximum allowable TOTAL INCOME (applicant’s University salary + co-borrower’s income + other income) for the purpose of determining the maximum purchase price and maximum University mortgage CANNOT exceed twice the amount of the applicant’s current University salary. (Example: Princeton University applicant’s income of $30,000 + co-borrower’s income of $45,000 + other income of $10,000 = total income of $85,000. In this example, the maximum allowable total income for determining the maximum purchase price and mortgage using the University’s Mortgage Program is $60,000, twice the applicant’s University salary of $30,000. Page 1 of 2 University Mortgage Services 120 Alexander Street Princeton, NJ 08540 (609) 258-3123 Section 2: (609) 258-2613 FAX Financial Information (continued) Have you determined what down payment you may be able to apply to this purchase or shall we use the minimum 10% down payment? ____________________________________________ Do you have any credit card or other debt? We will need monthly payment amounts for ALL debts including auto loans, educational/student loans, personal loans and credit lines with more than 10 payments remaining. We will also require the MINIMUM required payment on current credit card debt. Car lease payments must be included as well (regardless of the number of remaining payments). ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Do you pay any alimony and/or child support payments? _________________________________ If so, what is the amount per month and/or year? ________________________________ Do you currently rent or own? _______________________________________________________ If you own your current home, do you plan to sell it? _____________________________ Is your current mortgage financed through Princeton University? Yes No Do you own any other real estate? ___________________________________________________ For all real estate that will continue to be owned we will need the following information: Mortgage balance ______________________ Current interest rate _______________ Current mortgage payment __________________________________________________ (does this include taxes and insurance? _______________________________________ ) If property is a rental property, please provide us with a copy of your last year’s rental income page from your tax return OR provide the following from the tax return: Net income from rental __________________ Amount of depreciation ____________ For multiple properties, please provide the same information as requested above for each property and attach a separate sheet. You are reminded that all borrowers and co-borrowers must use the mortgaged house as a primary residence. No outside income from a co-borrower will be considered as a part of the loan application process unless the co-borrower will also be a primary resident in the property. Page 2 of 2