What We Need:
- Loan Application (includes letter of experience, explanation of strategy, and use of funds for cash-out transactions)
- Scope of Project and Cost Estimate -if rehabbing
- Credit Card Authorization Form (covers cost of appraisal or BPO and background check)
- 2 Months of Bank Statements - All Pages (to verify proof of funds)
- Photocopy of Valid ID (for ALL borrowers)
- LLC/Corp/Trust or Business Entity Docs (no individual lending)
- Closing Contact Information (Title Company, Escrow Name, Contact Name, Phone Number and Email)
- Loan Program Specifics
- If Purchase – Purchase Contract Executed By All Parties
- If Refinance – Mortgage Statement from Current Lender & Pay-off Statement
- If Leased – Lease Agreement