What sorts of documentation will a lender need to see?
In order for a lender to be able to make a credit determination, he/she will need to see the following: • Personal Financial Statement for all owners • Three years of tax returns for all owners • Completed business Plan • Credit reports for all owners • Minimum of 2 year cash flow projections • Source and Uses Statement
Related Questions
- If there is a changed circumstance, do the mortgage broker and the lender both need to retain documentation of the reasons for any revised GFE?
- What documentation is required during an appraisal transfer to demonstrate that the lender transferring the appraisal is complying with AIR?
- What sorts of documentation will a lender need to see?
