10: The Mortgage Application

This chapter explains the types of information and documentation you need when applying for a mortgage. Most of the information that lenders require is the same for individuals, businesses and nonprofits, but the differences warrant separate discussions. Therefore, the remainder of this chapter is divided into three sections:

• Applying as an Individual
• Applying as a Business
• Applying as a Nonprofit

The following individuals and/or organizations contributed to the content of this chapter: Pam Daniels-Halisi, LaSalle Bank; Calvin L. Holmes, Chicago Community Loan Fund; Daniel P. Lindsey, Esq., Legal Assistance Foundation of Chicago; Neighborhood Assistance Corporation of America; Susan Oleari, Harris Bank; and Jill Stack, National City Mortgage Bank.