LOAN PROCESS – TIMELINE
(2-3 weeks and shorter)
SUBMIT DEAL FORM (1 – 2 Days)
• Complete Online Form
APPRAISAL & TITLE ORDERED (6 – 9 Days)
• Submit Rehab Budget
• Arrange Appraisal Payment
• Submit Title Contact
• Submit Purchase & Sale Contract
• Submit Authorization for Background/Credit Check
APPRAISAL REVIEW & UNDERWRITING (2 – 3 Days)
• Insurance
• Schedule of Real Estate Owned and Sold
• Photo ID
• Bank Statements
• ACH Form / Voided Check
• Articles of Organization
• Operating agreement
• EIN
CLOSING SCHEDULE (1 – 2 Days)
• Signed Commitment Letter
• Review of Above and/or Misc Items