Real Estate Investor Loans

We have extensive knowledge of the underwriting requirements for many different types of investment property loans. For experienced investors, there are depreciation and expense treatment methods which improve your ratios. For new investors, there are programs allowing investment in real estate with lower down payment requirements.
We are active real estate investors, and much of our knowledge of these programs comes from research we have done for our own investment properties. As active investors, we understand that each deal is different and may require a different mortgage solution. There is no one mortgage that is the right answer for each situation. We strongly encourage you to call or email us with the specifics of what you want to do. We will need to know your anticipated hold period, anticipated cash flow, current rate of appreciation in your market, and whether your real needs are for a reduced down payment or to maximize your cash flow.

Mortgage Documentation Requirements

When you are planning for a mortgage application, one of the most important steps you can take before you apply is to gather the documentation you may need to supply with your application. Which loan you select will determine the exact documentation requirements. We have categorized the requirements for your convenience.

Income Documentation

• Last 2 years W2 forms.
• Last 2 pay stubs (covering 1 month).
• Last two years signed 1040s, all schedules if 25% or more of your income is from self employment, overtime, commissions, or employment by a relative.
• Last 2 years business tax returns if you own 25% or more of a business.
• Current business income statement.
• Proof of Social Security, pension, or disability income.

Asset Information

• Last 2 months bank statements - all pages.
• Last quarter investment or trust accounts
• Copies of stocks, bonds, or US savings bonds
• Current statement for 401(k) or IRA accounts
• Real Estate you now own: address, current value, loan balance, monthly payment, and rental income if any.
• Listing agreement and sales contract if selling your current home.
• Value of autos, boats and any other personal property.

Liability Information

• Complete list of current debts and minimum monthly payments (may be taken from credit report).
• Last 12 months cancelled checks (front and back) for rent or land contract.

Home Information

• Copy of your sales agreement.

Miscellaneous Information which may be required

• College diploma if graduated within last two years.
• Copy of Drivers License or picture ID at closing.
• Gift letter signed by donor and proof of receipt.
• Landlords contact information.
• Copy of your earnest money deposit check.
• Contact name and phone for appraiser access to property.