In North Carolina, what must be included in a mortgage loan application?

The correct choice highlights the essential elements that must be included in a mortgage loan application in North Carolina, which are vital for the lender to assess the borrower's creditworthiness and determine loan eligibility. The inclusion of the consumer’s name helps identify the applicant; income serves to evaluate their ability to repay the loan; the social security number is necessary for running credit checks and verifying identity; and the loan amount indicates how much financing the borrower is seeking.

Including these details ensures that the lender can perform due diligence and comply with federal and state regulations regarding lending practices. Accurate and complete information is critical in the mortgage application process, as it directly affects underwriting decisions and compliance with the guidelines set forth by the North Carolina Mortgage Regulatory Commission and other governing bodies.

The other options, while they may contain relevant information, do not encompass the comprehensiveness needed for a complete mortgage loan application. For instance, only stating the borrower's credit score does not provide a full picture of their financial health, and listing the property address and appraisal value, while important for the loan amount approval, misses the personal financial information crucial for evaluating the borrower's capacity to repay. Lastly, an original purchase contract is relevant in specific types of transactions but is not universally required for a mortgage application itself.