Loan Application Documents

Below are lists of commonly requested information you should expect to provide when you apply for your loan. You may be asked for additional documentation, depending on your situation.

• Pay stubs—Past 30 days' pay stubs with year to date information for all jobs and for each borrower
• W-2s—Past two years' tax forms
• Asset statements—Most recent two months' statements for any assets listed on the application, such as savings/checking/retirement accounts, 401k, etc.
• Copy of driver's license or government ID
• Proof of homeowner's insurance—Agent name, phone number and proof of insurance

Preapproval information collected

Purchase borrowers—additional requirements

About These Rates

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Disclosures and Assumptions

The Purchase Power Mortgage Package is available in selected markets when you apply for a first lien purchase money mortgage between 9/1/2011 and 6/30/2012 through a GMAC Mortgage loan specialist. It's available for single family, owner-occupied residences.

The lender will waive or pay the following fees, so you'll pay:

• No Application Fee
• No Underwriting Fee
• No Appraisal Fee
• No Document Signing Fee
• No Document Prep Fee
• No Flood Certification Fee

• No Credit Report Fee
• No Fee for Lender Title Policy
• No Recording Fee
• No Loan Origination Fee
• No Settlement or Closing Fee

You'll be responsible for any additional fees or prepaid costs, and for third party fees for services that aren't required by the lender. You also have the option of paying discount points to get a lower rate on your loan.

The Purchase Power Mortgage Package is subject to change without notice.

Accelerated Payoff Program. Under the Accelerated Payoff Program, you can have partial mortgage payments withdrawn from your bank account on a weekly, bi-weekly, or semi-monthly basis. Full monthly mortgage payments are applied to your loan once a month. Over a 12-month period, you make the equivalent of one extra monthly mortgage payment, thus helping to reduce your loan balance more quickly than scheduled.

Close on Time Guarantee. If your loan request is approved, GMAC Mortgage (GMACM) guarantees to close your Purchase loan on the agreed-upon date. If, once the closing date has been set and you have provided all requested documents and information, GMACM is unable to meet that closing date through its own fault, GMACM will give you a prepaid $500 gift card within 15 days after the actual closing date. Only one $500 gift card will be given per loan transaction regardless of the number of applicants or delays. This Close on Time Guarantee is available only on purchase-money mortgages closed through GMACM and it may be withdrawn at any time at GMAC's sole discretion.

GMAC Mortgage and Ally Bank are part of the Ally Financial Inc. family of companies. In various states, Ally Bank is registered to do business as Ally Bank Corp., Ally Capital Corp., Ally Bank, or GMAC Bank Corp. In most cases, on approved loan requests, loans will close and be funded by Ally Bank Corp. with GMAC Mortgage acting as a MORTGAGE BROKER ONLY, NOT AS A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER. When acting as a mortgage broker, GMAC Mortgage arranges but does not make loans; all loan requests will be submitted to Ally Bank for loan approval, which may affect the availability of the funds.

Subject to underwriting approval. Application required; not all applicants will be approved. Full documentation & property insurance required. Loan secured by a lien against your property. Other fees & charges apply and may vary by product and State.Terms, conditions & restrictions apply. Taxes & insurance extra. Rates, loan products & fees subject to change without notice. Your rate and term may vary. If you do not lock in a rate when you apply, your rate at closing may differ from the rate in effect when you applied. Consolidating or refinancing debts may increase the total finance charges you pay over the life of the loan and/or the time needed to repay the loan. Important information relating specifically to your loan will be contained in the loan documents, which alone will establish your rights and obligations under the loan plan. Call for details.

NMLS Unique Identifier # 1045; Alaska Mortgage Broker/Lender Licensee # AK1045; Arizona Mortgage Banker License # BK-0908590; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Colorado Responsible Party: Tom West. To check the license status of your mortgage broker, visit http://www.dora.state.co.us/realestate/index.htm; Georgia Residential Mortgage Licensee # 5845; Illinois Residential Mortgage Licensee # MB.6760182 by the Illinois Department of Financial and Professional Regulation ? Division of Banking, 122 South Michigan Avenue, Suite 1900, Chicago, Illinois 60603, (312) 793-3000; Massachusetts Mortgage Lender and Broker License # MC1045; Minnesota: This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of Minn. Stat. Section 47.206 (3) and (4); Mississippi Licensed Mortgage Company; Montana Mortgage Lender Licensee # 1045; Licensed by the Nevada Division of Mortgage Lending to make loans secured by liens on real property, License # 610, 10775 Double R Blvd, Suite 123, Reno, NV 89521 (775- 853-4622); Licensed by the New Hampshire Banking Department; Licensed by the N.J. Department of Banking and Insurance; Licensed Mortgage Banker?NYS Banking Department; Ohio Mortgage Loan Act Certificate of Registration

# SM.501453.000; Ohio Mortgage Broker Act Mortgage Banker Exemption # MBMB.850031.000; Oregon Mortgage Lending License # ML-160; Licensed by the Pennsylvania Department of Banking; Rhode Island Licensed Lender and Licensed Loan Broker; Licensed by the Virginia State Corporation Commission License # MC-4473. Washington Consumer Loan Company License # CL- 1045. GMAC Mortgage, LLC (licensed in some states as GMAC Mortgage, LLC d/b/a ditech). 1100 Virginia Drive, Fort Washington, PA 19034 (215-734-5000).