What is the title of the booklet that lenders must provide to applicants at the time of loan application?

The title of the booklet that lenders are required to provide to applicants at the time of loan application is the Home Loan Toolkit. This document, which is mandated by the Consumer Financial Protection Bureau (CFPB), serves as an essential resource for borrowers to understand the various aspects of obtaining a home loan. It outlines the loan process, educates borrowers about the costs of a mortgage, and provides insights into their rights and responsibilities as consumers.

The Home Loan Toolkit also includes practical tips for the home-buying process and encourages applicants to shop around for mortgage rates, helping them to compare products and make informed decisions. This aligns with the goal of ensuring transparency and protecting consumers within the lending process.

In contrast, the other titles like the Loan Disclosure Guide, Mortgage Preparation Handbook, and Home Buying Guide do not represent the legally required booklet that lenders must provide at the loan application stage. Each of those alternatives may pertain to different resources but does not fulfill the specific requirement set by federal regulations.