Iwe The Undersigned Borrowers, Are Applying For A Great Choice Plus Loan To Be Used For Down Payment And Closing Costs Form
Use a IWe The Undersigned Borrowers, Are Applying For A Great Choice Plus Loan To Be Used For Down Payment And Closing Costs template to make your document workflow more streamlined.
What this borrower application form does
This form records that the undersigned borrowers are applying for a Great Choice Plus loan and intend to use loan assistance for down payment and closing costs. Applicants provide the borrower information, property and loan details, requested assistance, and required acknowledgments shown in the lender’s version. Each borrower should review every entry, confirm that the information matches the loan file, and sign where requested. The completed form supports the lender’s underwriting and closing documentation; it does not replace the lender’s approval, program requirements, disclosures, or state-specific instructions.
Key features of the borrower application
The form brings borrower identities, Great Choice Plus loan purpose, assistance details, certifications, and signatures into one reviewable loan record.
Borrower information
Names and borrower details can be entered directly into the lender-provided document, reducing transcription between paper and electronic loan files.
Loan purpose
The form identifies the Great Choice Plus loan purpose and connects requested assistance with the down payment and closing-cost need described in the application.
Transaction context
Property and transaction details remain together with borrower certifications, helping the lender review the assistance request within its underwriting file.
Multiple signatures
Each undersigned borrower can review the completed statements and apply a signature to the specific authorization presented by the lender.
Audit trail
A completed signNow document can retain timestamps, signer actions, and an audit trail alongside the final signed record for file review.
Document storage
Electronic completion keeps the signed borrower application available for controlled sharing and storage when the lender permits electronic records.
Who uses this borrower application form
Home borrowers
Borrowers use the form to identify themselves, describe the Great Choice Plus loan request, and certify the intended use of assistance for down payment and closing costs. They should complete only the fields requested by the lender and review all borrower-specific information before signing.
Lending teams
Loan officers and closing teams use the signed form as part of the application or closing file. They compare borrower entries with underwriting records, confirm required signatures, and retain the completed document under the lender’s applicable recordkeeping policy.
Ways borrowers can complete and sign
- Use the signNow web app when the lender has provided a digital copy and borrowers need to complete fields, review the loan-purpose language, and sign from a desktop browser.
- Use the signNow mobile app when borrowers are reviewing the Great Choice Plus application away from a desk; verify the property and assistance details before signing on the device.
- Use kiosk mode when a lender or closing-office representative supervises signing on a shared device and wants each borrower to complete assigned fields without sharing account credentials.
- Use a shareable signing link when the lender has approved link-based delivery for the borrowers; restrict distribution and confirm that each signer accesses the intended document.
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How to complete the form
Upload the lender’s Great Choice Plus form, check the detected fields, assign the undersigned borrowers, and preserve the completed record with its audit trail.
Upload:
Upload the lender-provided form. Detect fields:
Let signNow detect fillable fields. Review:
Review borrower and loan details. Assign signers:
Assign each borrower a signer role. Send:
Send the form for signatures. Store:
Store the signed form and audit trail.
Recommended signing setup
Use a controlled workflow that connects borrower authentication, accurate loan details, signatures, audit evidence, and lender-approved retention.
| Setting | Recommendation |
|---|---|
| Authentication method | Email verification with SMS OTP |
| Signature type | Electronic borrower signature |
| Audit trail | Retain completion certificate and action log |
| Document retention | Follow the lender’s loan-record policy |
| Encryption | TLS 1.2/1.3 and AES-256 |
Security for borrower signatures
Signer authentication:
Two-factor authentication:
ID verification:
PKI signatures:
X.509 certificates:
Signing evidence:
Platform requirements for signing
Borrowers can review and sign the Great Choice Plus form through signNow on Chrome, Firefox, Safari, or Edge using Windows or macOS. signNow also provides mobile apps for iOS and Android, allowing borrowers to inspect the lender’s fields and complete assigned signatures from a supported phone or tablet.
Supported browsers Chrome, Firefox, Safari, and Edge Desktop systems Windows and macOS desktops Mobile systems iOS and Android mobile apps
Lending teams should use managed devices when the form contains borrower addresses, property information, or loan-assistance details. Confirm that browser security settings permit email links and SMS verification, and coordinate API, SSO, or storage controls with the organization’s signNow plan before placing completed forms into the loan-record system.
Best practices for completing the form
Accuracy matters because this borrower application connects the requested Great Choice Plus assistance with a specific property and loan transaction.
Match entries to the lender’s loan file
Confirm the assistance purpose before signing
Assign each borrower the correct signer role
Preserve the signed record and audit trail
Privacy and disclosure pitfalls
The form may expose borrower addresses, property information, and loan-assistance details when shared through an unsecured email or unrestricted signing link. A borrower may sign before reviewing the requested down payment and closing-cost use, creating a certification record that does not match the loan file. Missing consumer consent or paper-record disclosures can affect electronic delivery when the transaction is consumer-facing under ESIGN, 15 U.S.C. §7001(c). Unassigned signer roles or reused accounts can make it difficult to attribute each undersigned borrower’s signature to the correct person.
Troubleshooting borrower signatures
These answers address field accuracy, signer identity, electronic consent, audit evidence, and documents that may require separate state-law handling.
Upload the lender-provided PDF again and inspect every detected field before sending. signNow Business includes templates and audit trails, but auto-detection does not verify whether borrower names, property details, or assistance figures match the lender’s file. Correct discrepancies before signature.
Confirm that each borrower has a separate signer role and that the email address belongs to that borrower. Resend the same final document only after checking the routing order. A signNow Business Premium account can also support bulk send when multiple prepared packets require delivery.
The lender must determine whether consumer electronic-record consent and access requirements apply. ESIGN, 15 U.S.C. §7001(c), requires disclosure of the right to paper records and procedures for withdrawing consent in covered consumer transactions; signNow records the signing event but does not replace that disclosure.
Use signNow authentication options such as SMS one-time passwords or stronger identity verification when the lender’s controls require them. Two-factor authentication supports signer attribution, while the final enforceability analysis remains governed by ESIGN, UETA, and applicable state law.
Do not treat the final signed PDF as the only evidence. Retain the completion certificate and audit trail, including signer actions and timestamps, under the lender’s applicable loan-record policy. signNow Business includes audit trails; Enterprise adds advanced signer authentication options.
Electronic signing does not make every related real-estate document transferable online. ESIGN excludes wills, certain court filings, family-law decrees, and other listed records. If a separate deed or notarized instrument is required, follow the applicable state recorder and notary requirements.
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