Residential Conversion Application — US

Apply to convert your existing US mortgage to a Sharia-compliant Ijara™ lease-to-own arrangement.

CONVERSION APPLICATION

BORROWER

Name(Required)

First Middle Last

Address

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code

SNN

Date of Birth

Phone Number(Required)

Home Number

Email Address(Required)

Do you have a co-borrower?

YES

CO-BORROWER

Name

First Middle Last

Address

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code

SNN

Date of Birth

Phone Number

Home Number

Email Address

Property Address

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code

Current Lender

Next Payment Date

LOAN DETAILS - Loan 1

Purchase Price

Down Payment

Loan Amount

Rate

Term of Loan

Current Monthly Payment

Taxes

Insurance

Total Payment

Loan Number

Ijara Representative

Other? Type here

Ijara™ Fee Agreement

I, ______, hereafter referred to as “applicant(s)”, have requested to apply for a residential mortgage conversion from a participating lender utilizing the Ijara™ Lease to Own program, a Sharia Compliant transaction.

Applicant(s) acknowledges and agrees to the following:

1) The monthly administration fee for the Ijara™ transaction is $15 and is added to your monthly payment.
2) You must have a checking account or savings account that can be electronically debited on a monthly basis via ACH transaction on either the 1st or the 5th of each month.

By signing below, the applicant acknowledges receipt of a copy of this signed Agreement.

Name(Required)

Borrower's Signature (type your full legal name)(Required)

Typing your full legal name here serves as your electronic signature.

Date signed:

Filled in automatically with today’s date.

Co-Borrower Signature (type your full legal name)(Required)

Typing your full legal name here serves as your electronic signature.

Date signed:

Filled in automatically with today’s date.

Wiring Fraud Advisory Notice

Cybercrime is a potential threat in real estate transactions. Instances have occurred where criminals have hacked email accounts of entities related to real estate transactions (such as lawyers, escrow holder’s, title company representatives, or real estate brokers and agents). Using email, hackers have invaded real estate transactions and used fraudulent wiring instructions to direct parties to wire funds to the criminals’ bank accounts, often off-shore accounts, with little chance of recovery. It also appears that some hackers have provided false phone numbers for verifying the wiring instructions. In those cases, the buyers called the number provided to confirm the instructions, and then unwittingly authorized a transfer to somewhere other than escrow. Sellers also have had their sales proceeds taken through similar schemes.

PLEASE BE ADVISED THAT IJARA CDC, WILL NEVER SEND VIA EMAIL WIRING
INSTRUCTIONS RELATED TO YOUR TRANSACTION.

BUYERS/LESSEES AND SELLERS/LESSORS ARE ALSO ADVISED.

Obtain the phone number of the Escrow Officer at the beginning of the
transaction.
NEVER WIRE FUNDS PROR TO CALLING YOUR ESCROW OFFICER TO CONFIRM WIRE INSTRUCTIONS. ONLY USE A PHONE NUMBER YOUR WERE PROVIDED PREVIOUSLY.
Do not use any different phone number included in the emailed wire instructions.
Orally confirm the wire transfer instruction is legitimate and confirm the bank routing number, account numbers and other codes before taking steps to transfer the funds.
Avoid sending personal information in emails or texts. Provide such information in Person or over the telephone directly to the Escrow Officer.
Take steps to secure the system you are using with your email account. These steps Include creating strong passwords and using secure WIFI as well as twostep verification Processes.

If an email or a telephone call seems suspicious refrain from taking any action until the communication has been independently verified. Promptly notify your bank, your real estate agent and the Escrow Officer.

The sources below, as well as others, can also provide information:

The Federal Bureau of Investigation WWW.fbi.gov
The National White‐Collar Crime Center www.nw3c.org
On Guard Online: www.onguardonline.gov

The undersigned acknowledges receipt of this Advisory.

DATE:

Filled in automatically with today’s date.

Applicant (type your full legal name)(Required)

Typing your full legal name here serves as your electronic signature.

DATE:

Filled in automatically with today’s date.

Co-applicant (type your full legal name)(Required)

Typing your full legal name here serves as your electronic signature.

If you have more questions in mind, feel free to contact us at

1-877-864-5272

_________________________________________

Our mailing address is:

Ijara Community Development Corp

2531 Jackson Avenue Ste 331, Ann Arbor, MI 48103

Email: info@ijaracdc.com

www.ijaracdc.com