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What type of documentation is required? Is income verification required?
What type of documentation is required? Is income verification required?

Do you check my income taxes, W2 or other documentation?

Ben avatar
Written by Ben
Updated over a year ago

For loans secured by real estate, we check your FICO score (soft pull), and the value of the property collateral. We do not require income verification (no need for W2, paystubs, etc). Here are the docs we look for:

  • Purchase and Sale (P+S) Contract

  • Construction budget

  • For 30 year loans, leases, if units are leased 

  • Liquidity statement (bank statement, retirement, or another account showing sufficient funds to close and begin construction) 

  • Proof of previous experience, if any

  • Various other docs such as LLC operating agreement and proof of insurance (which we can help with)

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