Borrower Checklist – Individual

Present a comprehensive set of your latest monthly bank statements, encompassing all pages from your checking, savings, money market, and certificate of deposit accounts, among others.
Provide a fully signed and executed contract.
Share the contact information of the title company, including the name, e-mail address, and phone number.
Include a meticulously prepared Renovation Budget, along with bids received from contractors.
Ensure the property is covered by a Certificate of Insurance with a 6-month policy paid in full before the loan closing.

Borrower Checklist – Business (LLC/Corp.)

Official Certification of Formation
Verification of Good Standing issued by the Secretary of State and Certification of Account Status from the Comptroller of Public Accounts in your state of registration.
Essential Organization Documents (Partnership Agreement, Operating Agreement, Articles of Incorporation)
EIN (Employer Identification Number) Confirmation received from the Internal Revenue Service
Comprehensive Compilation of the Company’s latest month’s bank statements, including all pages from checking, savings, money market, certificate of deposit, etc.
Duly Executed Contract
Contact Information for the Title Company (name, e-mail address, and phone number)
Detailed Renovation Budget, accompanied by bids from contractors
Property Insurance Certificate (6-month policy to be paid in full on or before loan closing)