Florida Hard Money Loan Documentation

We need the following loan documentation for all hard money loan submissions:

  • Loan Application (1003)
  • Credit Report (if available)
  • Income Documentation (see below)
  • Digital Photos or Appraisal (if one has been done)
  • Hazard/ Flood Insurance Declaration Page
  • Purchase Contract (if applicable)
  • Proof of Identification – Drivers License, Passport, etc.

Full Documentation

W-2 or Salaried Income:

  • Last 2 years of personal tax returns
  • 2 most recent paystubs
  • Last 2 months of personal bank statements

Self-Employed:

  • Last 2 years of personal tax returns
  • Last 2 months of personal bank statements
  • Last 2 years of business tax returns
  • YTD (year-to-date) business bank statements
  • Last 2 years of business license

Other acceptable sources of income: 
Retirement Benefits, SSI, Disability, Foster Care, Public Assistance, Alimony, Child Support, Investment Income, Part-Time or Seasonal Income, Gifts, etc.

Lite, Stated, No Ratio and No Documentation:
Available only on single family residential investment properties and multi-family residential investment properties on a case-by-case basis. Please speak to one of our experienced mortgage specialists to determine whether or not your mortgage transaction qualifies.

Lite Documentation: 12 months personal bank statements.

Stated Documentation (Foreign Nationals Only): State income. For purchases, must provide proof of verified assets to close.

No Ratio Documentation (Self-Employed Only): Provide Full Income Documentation (tax returns) and 50% Debt To Income Ratio is not a factor (Must show ability to repay within reason). For purchases, must provide proof of verified assets to close.

No Documentation: For purchases, must provide proof of verified assets to close.

Alternative Income

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