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:
Renting
Section 2:
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.
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