Required Documents

Residential Loans:

• Past two (2) years W-2 statements
• Pay Stubs covering the last (30) thirty days
• Three most recent monthly bank statements
• Most recent transaction summary of 401K, IRA, or Mutual Fund Accounts
• Photocopies of any stocks or certificates of deposits
• Copy of the purchase and sale agreement
• If you are currently renting….either 12 months canceled rent checks or the name and address of your current landlord
• If divorced…a fully executed divorce decree
• For a refinance...a copy of the deed, and most recent tax bill
• A letter of explanation for any known credit problems

  For self employed borrowers, employed in sales, paid by commission, or owns rental real estate:

• Two (2) years signed personal tax returns - including all schedules
• If self-employed through a corporation, last two years corporate returns as well as a year-to-date profit and loss statement and balance sheet

Different programs require varying amounts of documentation. The loan program you select may require more or less documentation. Please contact us for a free, no-obligation consultation.

Commercial Loans:

Primary 1003 loan application

Credit

Executive Summary of Project

For Deals below $1,000,000

• Credit, FICO
• Operating Statements on the property.  The property's P & L
• 3 years business financial statements.   For business occupying the property ( for owner user or investment)
• 3 years personal tax returns
• 1003 (Which is essentially a personal financial statement)
• Rent rolls (Multifamily)
• Leases (Commercial)
• Experience of Borrowers running investment properties
• Survey
• Old title policy
• Old appraisal
• Most recent tax bills

For deals above $1,000,000

• Operating Statements on the property
• 3 years business financial statements.   For business occupying the property ( for owner user or investment)
• Rent rolls (Multifamily)
• Leases (Commercial)
• Experience of Borrowers running investment properties
• Survey
• Old title policy
• Old appraisal
• Most recent tax bills