Start your mortgage application

Our streamlined platform checks your application against Fannie Mae, Freddie Mac, and FHA loan guidelines in real-time. Submit income and asset documentation securely, compare loan terms and pricing options, and move toward homeownership with confidence and transparency.

Fannie Mae, Freddie Mac & FHA Compliant

Real-time Guideline Checks

Let the Mortgage Owl shop for you to get the best rate and terms.

Get Started

Step 1: 1003 Uniform Residential Loan Application

Complete all sections to continue. Your progress is saved automatically.

Application Progress

1

Borrower Info

2

Employment

3

Income

4

Assets

5

Liabilities

6

Property

7

Declarations

Overall Progress 14%

1

Borrower Information

Your personal details

First Name *

Last Name *

Date of Birth *

Social Security Number *

Email *

Phone Number *

2

Employment Information

Your current and previous employment

Complete the borrower information above to continue.

3

Income Information

Your sources of income

Complete previous sections to continue.

4

Assets & Liabilities

Your financial assets and debts

Complete previous sections to continue.

5

Property Details

Information about the property

Complete previous sections to continue.

6

Declarations

Important disclosures and certifications

Complete previous sections to continue.

Step 2: Payment & Credit Check

Enter your payment information to authorize a soft or hard credit check on your application.

Select Credit Check Type

Choose between a soft inquiry (does not affect your credit score) or a hard inquiry (standard for mortgage qualification).

Step 3: Documentation Upload

Upload income and asset documentation to verify your application details.

Income Documentation

Paystubs, W-2s, tax returns

Drop files here or click to upload

Supports PDF, JPG, PNG (max 10MB each)

Uploaded Files

2023_Paystub.pdf

2.4 MB

Asset Documentation

Bank statements, investments

Drop files here or click to upload

Supports PDF, JPG, PNG (max 10MB each)

Uploaded Files

Bank_Statement_Jan_2024.pdf

1.8 MB

Secure Upload: All documents are encrypted and securely stored. We'll verify your information against your submitted documents during the guideline check.

Under Contract? Enter your contract information here

Upload your purchase contract and provide key contract details to help us process your loan application more efficiently.

Upload Purchase Contract Document *

Click to upload or drag and drop

PDF, DOC, or DOCX (Max 10MB)

Contract Details

Step 4: Loan Structure

Your application has been checked against Fannie Mae and Freddie Mac conventional loan guidelines.

Application Summary

Purchase Price *

$

Down Payment *

$

Loan Type *

Interest Rate *

%

Monthly Property Taxes *

$

Monthly Homeowners Insurance *

$

Calculated Summary

Loan Amount

$350,000

Purchase Price

$425,000

Down Payment

17.6%

Down Payment Amount

$75,000

Loan Type

30-yr

LTV Ratio

82.4%

Guideline Check Results

Check your application against Fannie Mae, Freddie Mac, and FHA guidelines to see which loan programs you qualify for.

Credit Score

Minimum credit score requirement

Your Status: Your score: 745

Guideline: 620+ recommended

Pass

Debt-to-Income Ratio

Maximum debt-to-income ratio

Your Status: Your DTI: 38%

Guideline: 43% maximum

Pass

Loan-to-Value Ratio

Maximum LTV for loan amount

Your Status: Your LTV: 82.4%

Guideline: 95% maximum

Pass

Down Payment

Minimum down payment requirement

Your Status: Your down payment: 17.6%

Guideline: 3% minimum

Pass

Employment Verification

Employment history verification

Your Status: Current employment: 5 years

Guideline: 2+ years preferred

Pass

Assets & Reserves

Liquid assets for reserves

Your Status: Your liquid assets: $50,000

Guideline: Minimum: $17,500

Pass

Fannie Mae Eligibility

Eligible

Guideline Compliance100%

About These Guidelines: This tool checks your application against standard Fannie Mae guidelines. Individual lenders may have overlays or additional requirements. Some guidelines shown as "warnings" may still qualify depending on compensating factors. Contact a loan officer for a detailed review of your specific situation.

Your Monthly Payment Breakdown

See exactly where your monthly mortgage payment goes with this detailed PITI breakdown

Estimated Monthly Payment (PITI)

$3,016.16

Principal, Interest, Property Taxes, Insurance & Mortgage Insurance (if applicable)

Payment Breakdown

Principal & Interest

$2,020.33

67.0% of monthly payment

Property Taxes

$425

14.1% of monthly payment

Homeowners Insurance

$425

14.1% of monthly payment

Mortgage Insurance (PMI)

$145.83

4.8% of monthly payment

Detailed Payment Breakdown

Payment Component	Monthly Amount	Annual Amount
Principal & Interest	$2,020.33	$24,243.96
Property Taxes	$425	$5,100
Homeowners Insurance	$425	$5,100
Mortgage Insurance (PMI)	$145.83	$1,749.96
Total Monthly Payment (PITI)	$3,016.16	$36,193.92

What's Included in PITI?

Principal & Interest: Your payment toward borrowing the loan amount and paying interest
Property Taxes: Local property taxes, typically escrowed by your lender
Insurance: Homeowners insurance to protect your property
PMI: Private Mortgage Insurance (if your down payment is less than 20%)

Note: These are estimated amounts based on monthly property taxes of $425.00 and monthly homeowners insurance of $425.00. Actual amounts may vary by location and property condition.

Step 5: Choose Your Loan Term & Pricing

Compare terms and select the option that works best for you.

Shop Top Wholesale Lenders

Compare interest rates, discount points, and total fees from the best wholesale lenders for your loan

Wholesale lender search based on your application summary

Payment Waterfall

Explore how your monthly payment changes across different purchase prices and down payment amounts

Interactive payment analysis

30-Year Loan Summary

Item	Amount
Purchase Price	$425,000
Down Payment (17.6%)	-$75,000
Loan Amount	$350,000
Interest Rate	5.65%
Loan Term	30 years (360 months)
Monthly Payment (P&I)	$1,927
Total Interest Paid	$344,720
Estimated Closing Costs	~$6,850
Total Amount Paid at Closing	$81,850
Total Cost of Loan (30 years)	$694,570

Note: Monthly payment shown includes principal and interest only. Your actual payment may include property taxes, homeowners insurance, HOA fees, and PMI (if applicable), which will be escrowed or paid separately.

About Your Loan Estimate

The Loan Estimate form (TRID 1003-B) provided here shows good faith estimates of your closing costs. You will receive a formal loan estimate for review and comparison shopping. Rates are locked for 60 days from application. Market conditions may affect available rates and terms.

Step 6: Loan Estimate & Closing Costs

Review your comprehensive closing cost breakdown and loan estimate details.

Loan Estimate & Closing Costs

Complete closing cost breakdown based on your property details and loan information.

A. Loan Costs

$3900.00

Origination Charges$1950.00

5% of Loan Amount (Points)$750.00

Application Fee$250.00

Origination Fee$450.00

Underwriting Fee$500.00

B. Services You Cannot Shop For

$635.00

Appraisal Fee$425.00

Credit Report Fee$30.00

Flood Determination Fee$25.00

Flood Monitoring Fee$45.00

Tax Monitoring Fee$65.00

Tax Status Research Fee$45.00

C. Services You Can Shop For

$936.00

Pest Inspection Fee$85.00

Title - Insurance Binder$50.00

Title - Lender's Title Policy$251.00

Title - Settlement Agent Fee$350.00

Title - Title Search$200.00

D. TOTAL LOAN COSTS (A + B + C)

$5471.00

E. Taxes and Other Government Fees

$160.00

Taxes and Other Government Fees$80.00

Recording Fees and Other Taxes$80.00

Transfer Taxes$0.00

F. Prepaids

$1585.00

Homeowner's Insurance Premium (6 months)$605.00

Mortgage Insurance Premium (1 month)$82.00

Prepaid Interest ($17.71 per day for 15 days @ 4.25%)$266.00

Property Taxes (6 months)$632.00

G. Initial Escrow Payment at Closing

$493.00

Homeowner's Insurance$202.00

$100.83 per month for 2 mo.

Mortgage Insurance$80.00

per month for mo.

Property Taxes$211.00

$105.30 per month for 2 mo.

H. Other

$0

I. TOTAL OTHER COSTS (E + F + G + H)

$2238.00

J. TOTAL CLOSING COSTS

$7209.00

D + I$7709.00

Lender Credits-$500.00

Calculating Cash to Close

Loan Amount$350,000

Total Closing Costs (J)- $7709.00

Estimated Total Payoffs and Payments- $120,000

Estimated Cash to Close$222291.00

From [X] To Borrower

Estimate Disclosure: These are estimated closing costs based on your purchase price and loan amount. Actual costs may vary based on your specific situation, property location, and loan program. You will receive a detailed Loan Estimate (Form 1003-B) for review before loan approval.

Step 7: Rate Lock & Points Options

Lock in your rate and explore discount point options to customize your loan pricing.

Rate Lock & Points

Loan Term

Interest Rate / Discount Points

Cost Adjustment: + $0

Rate Lock Period

Lock Fee: No fee

Your Rate Lock Summary

Loan Term

30-Year Fixed

Interest Rate

5.65%

Lock Period

60 Days

Total Cost Adjustment

+$0

Step 8: Review & Submit

Review your complete application before final submission.

Borrower Information

Edit

Name

John Doe

Email

john@example.com

Phone

(555) 123-4567

DOB

01/15/1985

Loan Details

Edit

Loan Amount

$350,000

Loan Term

30 Years

Interest Rate

5.65%

Monthly Payment

$1,927

Uploaded Documents

Edit

Income Documentation

2023_Paystub.pdf

Asset Documentation

Bank_Statement_Jan_2024.pdf

Eligibility Check

View Details

DTI Ratio: 38%

Within guidelines

LTV: 82.4%

Meets requirements

Employment Verification

In review

Credit Score: 745

Meets standards

Disclosures & Consent

I agree to the Loan Estimate Disclosure and acknowledge that I have reviewed the estimated costs for my loan. I consent to the Privacy Policy and understand how my information will be used and protected. I certify that all information provided in this application is true, correct, and complete to the best of my knowledge. I understand that I will receive an email confirmation with my application details and next steps.

Ready to Submit?

Review all information above. You'll receive a confirmation email with your application number and next steps.

By submitting, you authorize us to verify your information and check your application against Fannie Mae and Freddie Mac guidelines.

Start your mortgage application

Get Started

Step 1: 1003 Uniform Residential Loan Application

Application Progress

Borrower Information

Employment Information

Income Information

Assets & Liabilities

Property Details

Declarations

Step 2: Payment & Credit Check

Select Credit Check Type

Soft Credit Check

Hard Credit Check

Step 3: Documentation Upload

Income Documentation

Uploaded Files

Asset Documentation

Uploaded Files

Under Contract? Enter your contract information here

Contract Details

Step 4: Loan Structure

Application Summary

Calculated Summary

Guideline Check Results

Credit Score

Debt-to-Income Ratio

Loan-to-Value Ratio

Down Payment

Employment Verification

Assets & Reserves

Fannie Mae Eligibility

Your Monthly Payment Breakdown

Payment Breakdown

Detailed Payment Breakdown

What's Included in PITI?

Step 5: Choose Your Loan Term & Pricing

Shop Top Wholesale Lenders

Payment Waterfall

30-Year Loan Summary

About Your Loan Estimate

Step 6: Loan Estimate & Closing Costs

Loan Estimate & Closing Costs

A. Loan Costs

B. Services You Cannot Shop For

C. Services You Can Shop For

D. TOTAL LOAN COSTS (A + B + C)

E. Taxes and Other Government Fees

F. Prepaids

G. Initial Escrow Payment at Closing

H. Other

I. TOTAL OTHER COSTS (E + F + G + H)

J. TOTAL CLOSING COSTS

Calculating Cash to Close

Step 7: Rate Lock & Points Options

Rate Lock & Points

Your Rate Lock Summary

Step 8: Review & Submit

Borrower Information

Loan Details

Uploaded Documents

Income Documentation

Asset Documentation

Eligibility Check

Disclosures & Consent

Ready to Submit?

Application Submitted!