What must be included on page 1 of the loan estimate?

The first page of the loan estimate is designed to provide critical information to the borrowers clearly and concisely. It must include the names of all borrowers and their addresses, as this information is essential for accurately identifying the parties involved in the transaction and ensuring that all communications and documents are appropriately directed to the right individuals.

Inclusion of all borrowers' names and addresses helps in creating a clear record of who is responsible for the loan and enables lenders to effectively process the loan application. This information is also vital from a regulatory and compliance perspective as it ensures that lenders meet disclosure requirements set forth in the Truth in Lending Act and the Real Estate Settlement Procedures Act.

While information about dependents, Social Security numbers, and income might be relevant in the broader context of the loan application, they are not required on the first page of the loan estimate. The emphasis on names and addresses ensures clarity and straightforwardness from the outset of the borrowing process.