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WHAT DO I NEED TO GET STARTED?
Along with the necessary loan documents, you will need to provide the following
if any borrower is...
A salaried employee
-Two most recent years federal tax returns; three years if loan is over $500,000
-Recent paystubs
Self-employed
-Two most recent years federal tax returns
-Most recent company Profit & Loss Statement
-Most recent company Balance Sheet
A general partner (over 25% interest)
-K-1s
-Two most recent years federal general partnership tax returns
A limited partner
-K-1s
Incorporated
-Two most recent years federal corporate tax returns
-Most recent company Profit & Loss Statement
-Most recent company Balance Sheet
All applicants
-Most recent bank statements of assets (including retirement assets)
-Most recent brokerage statements of assets (including retirement assets)
-Real estate purchase agreement
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