Checklist
Checklist of Required Documents
Personal and/or LLC Documents
- Government issued ID
- SSN copy
- Fill out and sign Credit Application
- Fill out and sign Loan Request form
- Fill out and sign simplified Financial statement
- 2 months LATEST Bank Statements/Proof of Funds- must have adequate funds to support property rehab and interest payments for six months
- Recent credit report (Recommendation: Run your own for $1 @ www.creditchecktotal.com creditchecktotal.com: Get All 3 Credit Reports & FICO Scores for $1 Get the total view of your credit. Includes your Experian, Transunion, and Equifax credit reports and FICO Scores with a 7-day trial membership for $1. www.creditchecktotal.com “It will also avoid hard inquiry on your credit report”)
- List of all real estate holdings
- LLC, LP or Corporation documents (if applicable)
Property Specific Documents
- Property purchase agreement
- Assignment contract- if property is assigned to the borrower
- Property rehab scope of work
- Appraisal/ BPO
- Property Insurance
- Survey