Submit a Loan
Unlike other construction lenders, we make it easy to submit your loans and get them closed!
To get your loan started use our EZ-Application
or call 800-427-1441
Local 714-956-0508
Submission Requirements
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For preliminary review |
- 1003 Loan Application Stated Income/Assets or Full Doc
- Construction or Rehab Budget
- Borrowers
Authorization
- Credit Report
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| Not required but helpful |
- Specifications and Material list
- Pictures of subject property
- Neighborhood comparable sales analysis or existing appraisal
- Exit strategy (marketing plan to sell or rent)
- Plans or any construction data you have / artist renderings
- Contractor bid
- Sub-contractor bids
- Proof of funds spent on the project
- Preliminary title report
- Escrow information including contact person, phone and fax numbers
- Purchase contract
- Names and phone numbers of all utilities involved in project
- Excutive summary
Two sets of approved building plans will be need after credit approval.
Full documentation income:
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- Income: Full doc, two years tax returns / W-2's,
pay stubs
- (Tax returns not showing complete income also show 12-24 mo bank statements)
Stated income: |
- The income stated should be inline with the applicants occupation
While we do not have credit or DTI requirements, all borrowers must show that they have the ability to repay the loan and have a viable exit strategy.
After your loan has been submited and approved we will need your broker package. |
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