Standard Document Lists
Residential Mortgage
Personal:
Unexpired government issued photo ID
Social Security Card
Any immigration documents or work permits
Assets:
Most recent 2 months of bank statements (all pages / all accounts)
Most recent quarterly brokerage account statement (or 2 months) (all pages)
Income:
Most recent 2 years of personal and business tax returns (all pages and all schedules)
Most recent 2 years all 1099's and W-2's (if any)
Most recent paystubs covering a full 30-day period (if any)
Most recent 12 months of business bank statements (all pages / all accounts) for income calculation IF SELF EMPLOYED
Liabilities:
Mortgage Statements, Property Tax bill & Insurance Statement for all real estate owned
Any divorce decrees, child support documents
Fix and Flip
Purchase Price
Estimated Rehab Budget
Estimated After Repaired Value
Property Address
Property Type
Borrower Entity Name
Sponsor ID: Driver’s License & Social Security Card or Passports / visa (all parties)
Borrower Estimated Credit
Citizenship / status
Borrower Liquidity
Borrower Relevant Experience (last 24 months)
Estimated Time Requested for Rehab
Exit Strategy (sell or refi to rent?)
Rental Property
Property Address and Type (SFR or # of units)
Purpose – Purchase / Rate and Term Refi / Cash Out Refi
Current Lease(s) / amount or market rent? Taxes, Insurance, HOA?
Estimated market value
Sponsor ID: Driver’s License & Social Security
Card or Passports / visa (all parties)
Estimated Credit
Borrower Experience (list properties owned)
Borrower Liquidity (2 months statements - all accounts)
Citizenship / status (any relevant documents)
Other details: Confirm you own a primary residence
Refi: purchase date & purchase price? Refi: Payoff
Construction Loans
Property Type to be built
Purchase Value
Construction Budget Build Cost
(Hard Cost) Plans / Permits (Soft Cost)
As Built Value Mortgage Payoff (If they own the land or lot)
Original Purchase Date & Price of land or lot Credit Score
Borrower Liquidity
Citizenship / status
Flip Experience last 3 years?
New construction builds last 3yrs?
Heavy rehab projects (rehab exceeding purchase price) in the last 3yrs?
Time to complete project
Commercial Loans
Narrative Loan Scenario: Summary of what you are trying to do
Scope of Work (if this is a rehab or construction): SOW & Line-Item Budget
Proceeds (if this is a refinance): What are you doing with the proceeds of the loan?
Property: Complete Address, (refi: mortgage statement, payoff letter), construction budget(s), phases?
Rental Property: Rent Rolls or anticipated rental income (multi-family: T12 or similar income/expense)
Sponsor ID: Driver’s License & Social Security Card or Passports / visa (all parties)
Include Estimated Credit Score
Track Record: Background of Management Team (Similar Project experience)
Personal Financial Statement
Assets: Business & Personal Bank Statements (2 months)
Three years of Business and Personal Tax Returns
Three years of year-end CPA prepared financials (if applicable)
Year to Date Financials
Business Debt Schedule & Business Balance Sheet
Business Documents:
o Articles of Incorporation
o Certificate of Good Standing
o Operating Agreement / and JV Agreement if you have a JV for this project