For pre-approval, the following documentation must be provided for Underwriting
Completed loan applications for each individual owner and guarantor.
Copy of last 12 months note Mortgage payments.
Last 12 month cancelled checks for the rental property being purchased.
Handwritten LOE: Describe business purpose, occupancy intent and proposed use for any cash received.
Other: Documents will be requested by the title company.
You will need to contact your insurance company and have them provide to your Hard Money Lender all the documents they request to.
What information do you need to provide to your HML?
Mortgage payoff request
BP Disclosure form
Had Written LOE
Estimated Closing Statement
Evidence of hazard / Liability Insurance Coverage
Evidence of Flood Insurance
Filed Articles of Organization/Certificate of Formation, including all amendments (or equivalent document required by the state).
Certificate of Good Standing (or an equivalent document) issued from the state in which the LLC was formed. The certificate cannot be dated more than 60 days prior to closing and must be provided regardless of the age of the company.
Signed Operating Agreement, including all amendments, attachments and schedules, if any. Note: Should the LLC not have any operating agreement pursuant to its state law, aMember List shall be acceptable.
A complete Member List showing all members and managers and their respective ownership interests.
Any other documents or certificates as reasonably requested by VCC or required under state law.
If the property is located in a state other than the state in which the company is incorporated, the following documents issued from the state in which the property is located shall also be provided:
A filed Certificate of Authority (or an equivalent document) showing the company is properly registered in that state.
A Certificate of Good Standing (or an equivalent document) dated within 60 days of the loan closing.
If the company’s ownership includes a non-natural person, documents concerning that entity may also be required to be submitted for revision.
*Additional conditions may apply for rental properties.
PTD Conditions Description
Estimated Closing statement
By attending this website (www.expediahomes.com), any visitor is hereby expressing and/or accepting:
This is not a commitment or offer to lend, buy or sell any securities. This website is for informational purposes only. Interest Rates, Fees, and other important or minor details are subject to change based on market conditions, due diligence, and input by underwriting. If your project is approved, a formal loan commitment will be issued. Time frames for each portion of the process vary due to market conditions and other factors like third parties. By visiting this website, the visitors hereby agree on behalf of the visitor’s company / business entity along with sponsors, co-sponsors, officers, and/or investors, to hold harmless Expedia Homes, LLC, www.expediahomes.com LLC’s investors, employees, officers, and/or third party subcontractors in the closing of any transactions. Third party reports are ordered at on a cost plus review basis. Expedia homes, LLC cannot guarantee nor influence values, or other specific important and/or minor conclusions, along with the time frames to complete third party reports. Some projects require a project feasibility, and may or may not require traffic studies or other individual reports as required by specific subject property locations and market conditions. Expedia homes, LLC does not pay for third party reports, third party reports are billed via invoice that must be paid at presentation by the investor. Time is of the essence, and even though Expedia homes, LLC works tirelessly to maintain quick closing times, there are factors outside of the control of Expedia homes, LLC, along with other conditions, that do not always allow the projected time frames to be maintained. Brokers and, or referral sources are protected, thus Expedia homes, LLC honors Broker Invoices or Referral Fee Agreements that are submitted in writing. Expedia homes, LLC only accepts new client files from brokers, if you have a further transaction, please see your introducing representative. Expedia homes, LLC uses a private source of capital, therefore your information will not be shared with the general public on any marketing information.
Expedia Homes, LLC is a limited liability company out of the State of Texas. Expedia Homes, LLC indirectly provides funds and also brokers requests that cannot be funded in house. Expedia Homes, LLC does not operate in any state or local area whereas the laws of that state or local are prohibit cost effective operations. Expedia Homes, LLC is a private company, not open for the public. Expedia Homes, LLC does its best to analyze and review all proposed transactions, but cannot possibly analyze, review, and take interest in all transactions that are presented. Rates, Fees, and other minor or important details are subject to change with or with out notice. No warranties are granted, nor should be implied.