Checklist

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Once you’ve gathered these documents, you’ll be ready to apply for your loan! If you need any help or have questions about the documents, don’t hesitate to contact us by clicking the button below.

Checklist For All Transactions

Entity Documents - Documents that prove your business is legally established and recognized.

IRS EIN Assignment Letter - This is the official letter from the IRS that gives your business its Employer Identification Number (EIN). It’s like a Social Security Number for your business. Certificate of Good Standing – A document from your state confirming your business is in good legal standing. Certificate / Articles of Formation - The original documents that legally created your business. They confirm when and where your business was formed. Executed Operating Agreement - This is a signed agreement that outlines how your business is run and who is in charge. It’s required for many LLCs.
The relevant documents are available for download at the bottom of this page.

Insurance - Proof that your property is properly insured.

Evidence of Insurance (EOI) – Proof that you have insurance coverage for the property. Replacement Cost Estimator (RCE) – An estimate showing how much it would cost to replace the property if it was damaged. Paid Insurance Receipt or Invoice – A receipt showing you’ve already paid for the insurance coverage.

Identification & Financials - Documents that confirm your identity and show financial stability.

Government-Issued ID – A copy of a valid driver’s license, passport, or other government-issued ID Two Most Recent Bank Statements – Bank statements from the last two months showing you have enough accessible cash or savings.

Transaction Specific Documentation

For Purchase, Construction, or Fix & Flip Transactions

Purchase Contract - The official agreement showing the terms and price of the property you’re buying. Scope of Work for Planned Improvements - A detailed list of the repairs, upgrades, or construction work you plan to do on the property. Investor Track Record - A summary of your previous real estate projects to show your experience level.
The relevant documents are available for download at the bottom of this page.

For Refinance or Cash-Out Transactions

Payoff Request / Current Payoff Statement - A document from your current lender showing how much is left to pay on your existing loan. 12-Month Mortgage Payment History - Proof that you’ve made your mortgage payments on time for the past year. Fully Executed Lease Agreements - Signed rental agreements for any tenants currently occupying the property. Scope of Work for Completed Improvements - A list of repairs or upgrades that you’ve already completed on the property. Purchase HUD Settlement Statement - The final summary of all costs and fees from when you originally bought the property.

Required Documents for Loan Application

To help you prepare for your loan application, we’ve provided a list of necessary documents you will need to submit. These documents are crucial for verifying your eligibility and processing your application efficiently. Download the files below to access templates and guidelines for each required document. If you have any questions or need assistance with these documents, feel free to contact us.

Documents	Purpose	Download
Scope of Work and Draw Request Form	Used by contractors to outline completed work and request funds for the next phase of a project. It ensures timely progress payments and keeps the project on track.	Download
Credit Authorization	Grants permission for a credit check to assess your financial history and eligibility for a loan, ensuring a smooth application process.	Download
Investor Track Record	Documents your experience in managing similar projects or loans, helping lenders assess your reliability and strengthen your application.	Download
Example Certificate of Formation	Verifies your business’s legal registration with the state, proving its compliance and eligibility for loan processing.	Download
Example IRS CP 575 EIN Assignment Letter	Confirms your business’s Employer Identification Number (EIN) and is required to verify your tax ID for loan processing.	Download
Example Operating Agreement	Outlines your business’s structure and management, verifying its legal framework for loan applications.	Download
Example Certificate of Good Standing	Confirms your business is compliant with state requirements, demonstrating its authorization to operate for loan processing.	Download

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