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Is borrower(s) self-employed? |
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Is loan closing in an entity name? |
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Name of Entity |
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| Is entity in Good Standing? |
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| How many people are in the entity? |
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Is our primary borrower the main person in the entity?
(main person in entity must be either the president, vice president, and/or managing member)
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| Has your primary borrower been in the entity for at least 1 year? |
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| Is the primary borrower the person who has the main interest in the property? |
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| Are you borrower(s) on title (if a refinance)? |
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If borrower is purchasing a property for personal business, does he/she have Experience in that business?
(If no, additional documentation maybe needed/ If yes, documentation will be needed to prove it)
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| Is the application completed with accurate information? |
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| Did you verify the property type? |
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| Did you verify the property address? |
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If this is a refinance, are there back taxes?
If yes how many years |
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| Did you get a credit report for all individuals on title? |
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Is this a land contract?
(If yes, borrower MUST be able to supple 12 months cancelled checks and copy of land contract. If items cannot be supplied loan will have to be done as a purchase) |
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| Did you get or request all necessary items to get an appraisal review? |
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If there are any unusual circumstances about this loan, please explain:
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