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Documentation Needed

What documentation will you need for the loan process and underwriting? Typical documents include:
  • Completed application,
  • Sales Contract, or if you already own the property, HUD-1 Settlement Statement from the original purchase,
  • Schedule of Real Estate Owned,
  • Flip History Template,
  • Contractor information with license numbers,
  • Current photos of the interior and exterior of the property,
  • 3 months of bank statements showing reserves,
  • Corporate documents (Articles of Incorporation, By-Laws or Operating Agreement, EIN Verification),
  • Copies of Driver’s Licenses for you and/or Guarantor(s),
  • Guarantor form for each entity partner that owns more than 40% share.
The best way to fill in the information requested is on the application. Please fill it out completely to speed up the process.