Mortgage application software is built for primary-residential/consumer-purpose lending. The guide below walks you through the required portions, and the parts you can skip, saving you time and frustration.
Embedded Files
Information Needed to Obtain a Pricing Quote
Information Needed to Obtain a Pricing Quote
Address of the subject property
Estimated current market value
Estimated current loan balance, if any
Current actual rents, or market rents if unleased
Property type (single family home, duplex, triplex, manufactured home, etc.)
Lease type (long-term rental, mid-term rental, short-term rental)
Annual insurance premiums
Annual property taxes
Your estimated credit score
Current exit strategy
Email this information to me at my official lending email address: kfleming@barrettfinancial.com
Documents Required for DSCR Underwriting
Documents Required for DSCR Underwriting
At minimum, the following documents are required:
The front and back of your valid government issued photo ID
The most recent two months of business bank statements
The most recent mortgage statement for your primary residence, if you have a mortgage
Entity formation documents:
EIN letter
Secretary of state filing acknowledgement
Signed Operating Agreement (yes, all pages)
If this is a refinance transaction, the following are also needed:
Current lease agreements on the subject property, if yet in existence
The most recent mortgage statement for the subject property
The hazard insurance declarations page
Additional documents may be needed, depending on the scenario. The above are definitely needed!
Please note: Underwriters require the full document trail. If your statement says “Page 1 of 8,” we must have all 8 pages—even if page 8 is just a blank back-page.
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