Items for Underwriting

Items Needed for 24-Hour Underwriting

  • Loan Application 
  • Signed most recent year tax return
  • Summary of work to be completed (if applicable)
  • 2 months most recent bank statements
  • 2 most recent pay stubs (if applicable)
  • Rent rolls and copies of all rental agreements (if applicable)
  • Form 4506-T
  • Personal Financial Statement (We will provide form)
  • Borrowers Credit Authorization form (We will provide form)

Additional Items Needed to Close

  • Title Policy (obtained by borrower’s attorney) insuring marketable title
  • Signed purchase & sales agreement
  • Hazard insurance binder
  • Current year property tax statement showing taxes paid in full through closing
  • Appraisal (obtained by us paid by borrower)
  • Borrower’s counsel’s opinion letter
  • Voided check to set up ACH payments

All Loans Must Close in an LLC or a Corporation

  • Articles of Incorporation/Organization
  • Corporate / LLC resolution authorizing the loan, and the officer(s) authorized to execute the loan documents
  • Corporate bylaws or LLC Operating Agreement (resolution required)
  • Certificate of Legal Existence
  • Copies of Partnership / Trust Agreement