Document Requirements
DOCUMENT | CONFORMING LOANS Bank, Agency / CMBS All Property Types |
FLEX / BRIDGE Commercial & Multifamily 5+ Units |
FLEX / BRIDGE 1-4 Unit Residential & Portfolio Loans |
REHAB & CONSTRUCTION All Property Types |
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REQUIRED FOR PRELIMINARY REVIEW & TERM SHEET | |||||
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Schedule of Real Estate Owned + Rent Roll |
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Completed 1003 Loan Application or Personal Financial Statement |
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The ICS 1003 includes a schedule of real estate owned and rent roll section for loans / properties up to 25 units & 14 properties owned. Use the Schedule of Real Estate + Rent Roll for larger properties above or when not using the ICS 1003. | |||||
P&L For Property Last Year & YTD or T12 for Multifamily |
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Landlords should have a P&L statement for YTD and previous year, or T12 for 5+ unit apartment buildings. Appreciated but not required for 1-4 unit residential when a detailed schedule of real estate owned and rent roll is provided. | |||||
Sponsor / Contractor Project History | ![]() |
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Construction Scope of Work Budget / Plans |
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A scope of work and budget is required for all rehab and construction projects prior to loan review. | |||||
> Request Credit | Credit Report ICS can run a soft credit pull if needed. |
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If you already have a borrower tri-merge credit report dated within 60-days, you can upload it to the loan file online. ICS can run a soft pull for you if needed. > Your client can also pull their own tri-merge report through Experience via this link. |
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REQUIRED AT TERM SHEET ACCEPTANCE | |||||
Last 3 Years Personal Tax Returns (not required for Agency) |
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Last 3 Years Business Tax Returns | ![]() |
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Bank / Investment Statements (last 3-months) | ![]() |
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Copy of ID | ![]() |
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Purchase & Sale Agreement (if purchase) Include all addendums | ![]() |
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Sponsor / Borrower Resume | ![]() |
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Mortgage Statement (if property owned) | ![]() |
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LLC / Entity Operating Agreement | ![]() |
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LLC / Entity IRS EIN Letter or W9 | ![]() |
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LLC / Entity Articles of Formation | ![]() |
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