WHAT YOU NEED TO DO ica.com

WHAT YOU NEED TO DO

Complete and return the enclosed documents, and provide the following additionally required documents:

? Loan Application - including your email address, loan number and contact information (enclosed)

? A check payable to Bank of America, N.A. for the $15 non-refundable credit report fee (one for individual or married couple OR one for each unmarried borrower)

? Borrower(s) Authorization (enclosed) ? IRS Form 4506-T (enclosed) ? Identity Affidavit (enclosed) ? Relationship Letter (enclosed) ? Real Estate Purchase Contract OR Final Divorce Decree & Property Settlement Agreement (all

pages), if applicable ? Copies of your paystubs covering the most recent 30-day period ? Copies of your W-2s or 1099s for the most recent two years(2012 & 2011) ? Copies of your personal tax returns if self employed or paid commission (all pages &

schedules) for the most recent two years ? Copies of your business tax returns - if you have 25% or more ownership in a business ? Copies of your bank/asset statements covering the most recent full two month period to verify

sufficient funds for closing costs and six months of mortgage payments in reserves (all pages are required); this document must include the name of the financial institution, name of the account holder and the account number ? A copy of the most recent property tax statement for the property ? A copy of the Homeowner's Insurance Declaration page for the property ? A copy of the Homeowner's Association billing statement for the property (if applicable)

Please mail all documents to:

Qualified Assumptions TX2-981-03-25

7105 Corporate Drive Plano, TX 75082

If a completed loan application, a check for $15 (payable to Bank of America, N.A.) for the credit report and the required documents are not included, processing of your assumption request will be delayed or returned. Please don't include original documents as they won't be returned.

WHAT YOU CAN EXPECT

Upon receipt and review of your documentation, there may be additional items required. The actual cost for the assumption process will be listed on the Good Faith Estimate and is collected prior to the closing. Processing fees typically range from $562 to $1062. Please allow 60 to 90 calendar days from the date you return your initial assumption package for processing.

QUESTIONS?

We appreciate the opportunity to serve your home loan needs. If you have any questions, please call us at 800-293-8157.

Important Information About Procedures For Applying For A Mortgage

To help the government fight funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a mortgage account. What this means for you: when you apply for a mortgage, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

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___________________________________________________________________________________________________________________________________________________________________ This application is designed to be completed by the applicant(s) with the Lender's assistance. Applicants should complete this form as "Borrower" or "Co-Borrower," as applicable. Co-Borrower information must also be provided (and the appropriate box checked) when the income or assets of a person other than the Borrower (including the Borrower's spouse) will be used as a basis for loan qualification or the income or assets of the Borrower's spouse or other person who has community property rights pursuant to state law will not be used as a basis for loan qualification, but his or her liabilities must be considered because the spouse or other person has community property rights pursuant to applicable law and Borrower resides in a community property state, the security property is located in a community property state, or the Borrower is relying on other property located in a community property state as a basis for repayment of the loan.

If this is an application for joint credit, Borrower and Co-Borrower each agree that we intend to apply for joint credit (sign below):

_________________________________________ Borrower

_________________________________________ Co-Borrower

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