To submit this form, please send it to your lender's designated email or fax number. Documents can also be submitted in person at your lender’s office or through their online submission portal. Ensure to include any required additional documentation based on your circumstances.

For 2024 and 2025, it is essential to be aware of updates regarding submission deadlines and potential legislative changes that might affect loan circumstances. Always stay informed of federal guidelines related to RESPA regulations and any relevant local laws that govern home loans.

The Changed Circumstances Form serves to document any changes in a borrower's financial status that could impact their initial Loan Estimate. It ensures compliance with RESPA regulations, facilitating the timely update of loan terms. This form plays a critical role in protecting both consumers and lenders by maintaining transparency and accuracy throughout the loan process.

• 1. Borrower: Name of the borrower filling out the form.
• 2. Date of Change: Date on which the change occurred.
• 3. Loan Number: Unique identifier for the loan.
• 4. Date of Loan Estimate Re-disclosure: Date when the Loan Estimate was or will be updated.
• 5. Loan amount changes: Details any changes to the loan amount requested.
• 6. Property value changes: Indicates changes in the assessed value of the property.
• 7. Occupancy type changes: Specifies if there is a change in the intended occupancy of the property.
• 8. Escrow waiver changes: Documents any changes regarding escrow waivers.
• 9. Unique property conditions: Details undisclosed factors about property affecting costs.
• 10. Acts of God or emergencies: Notes any natural or man-made disasters impacting the loan.
• 11. Underwriting requirements changes: Allows for reporting additional inspection or insurance needs.
• 12. Credit quality change: Captures any changes that impact creditworthiness.
• 13. Property type changes: Documents swaps between different property classifications.
• 14. Title changes: Records any modifications in parties involved in the title.
• 15. Product or loan program changes: Indicates any changes regarding loan types or products.
• 16. Undisclosed liens: Lists any newly discovered complications affecting settlement.
• 17. Power of Attorney usage: Documents when a POA will be required for signing.
• 18. Title insurance policy changes: Records any changes concerning insurance policy selection.
• 19. Other considerations: Any additional notes relevant to the changes.

Failure to submit this form can lead to inaccuracies in your Loan Estimate and may delay the processing of your loan. Keeping all parties informed through this documentation is vital for a smooth loan experience.

• Delayed Loan Processing: Inaccuracies can lead to additional delays that impact your loan closing.
• Compliance Issues: Failure to disclose necessary changes may lead to regulatory scrutiny.
• Inaccurate Loan Estimates: Without this form, the Loan Estimate may not reflect your true financial situation.

• 1. Change in Income: If a borrower experiences unemployment or a change in income, this form is required.
• 2. Change in Property Value: When the property value fluctuates, this must be reported.
• 3. Adjusted Loan Amount: Any request for changes in the loan amount requires this form.
• 4. Change in Borrower’s Occupancy Type: Should the borrower change how they intend to occupy the property, this form is necessary.
• 5. Documenting New Liens: If new liens are discovered, this impacts settlement and needs to be disclosed.