• Full Doc

    Required to Disclose
    • Complete Loan Application – Including Income & Employment.
    • Credit Report (Cannot be older than 30 days)
    • Form W-2 (most recent 2 years)
    • Tax Return (if applicable, most recent Personal or Business)
    • Borrowers’ ID (Passport or Driver License).
    • Purchase Contract (if applicable)
    • Submission Form Completed. Click here
    • Product and Pricing Form. Click here
    Required to Underwrite (in addition to above)
    • Most recent W2 for 1 or 2 years + most recent paystubs covering at least 30 days AND/OR 1 or 2 years of tax returns.
    • Appraisal Transfer (Click here for Mortgage Capital’s Transfer Policy)
  • Bank Statement

    Required to Disclose
    • Complete Loan Application – Including Income & Employment.
    • Credit Report (Cannot be older than 30 days)
    • Borrowers’ ID (Passport or Driver License).
    • Purchase Contract (if applicable)
    • Submission Form Completed. Click here
    • Product and Pricing Form. Click here
    Required to Underwrite (in addition to above)
    • 12/24 months of bank statements (Personal or Business, all months, all pages)
    • Income calculation. (Click here for submitting bank statements)
    • Appraisal Transfer (Click here for Mortgage Capital’s Transfer Policy)
  • P&L Only

    Required to Disclose
    • Complete Loan Application – Including Income & Employment.
    • Credit Report (Cannot be older than 30 days)
    • Borrowers’ ID (Passport or Driver License).
    • Purchase Contract (if applicable)
    • Submission Form Completed. Click here
    • Product and Pricing Form. Click here
    Required to Underwrite (in addition to above)
    • 12/24 months P&L on company stationary prepared and signed by a CPA or Tax Preparer
    • Appraisal Transfer (Click here for Mortgage Capital’s Transfer Policy)
    We will condition for:

    Signed letter from CPA/Tax Preparer confirming that they prepared the borrowers most recent tax returns. letter needs to include the nature of the business, % of ownership, and the date established

  • ITIN

    Required to Disclose
    • Complete Loan Application – Including Income & Employment.
    • Credit Report (Cannot be older than 30 days)
    • Borrowers’ ID (Passport or Driver License)
    • ITIN confirmatioon letter from the IRS
    • Purchase Contract (if applicable)
    • Submission Form Completed. Click here
    • Product and Pricing Form. Click here
    Required to Underwrite (in addition to above)
    • IRS Form 1099 documenting income.
    • Appraisal Transfer (Click here for Mortgage Capital’s Transfer Policy)
  • Foreign National

    Required to Disclose
    • Complete Loan Application – DO NOT include income & employment information.
    • Unexpired Passport
    • Purchase Contract (if applicable)
    • Submission Form Completed. Click here
    • Product and Pricing Form. Click here
    Required to Underwrite (in addition to above)
    • Copy of lease agreement(s) (if applicable)
    • Appraisal Transfer (Click here for Mortgage Capital’s Transfer Policy)
  • Stand Alone 2nd Lien

    Required to Disclose
    • Complete Loan Application – Including Income, Employment, & 1st Lien Info
    • Credit Report (Cannot be older than 30 days)
    • Borrowers’ ID (Passport or Driver License).
    • Purchase Contract (if applicable)
    • Submission Form Completed. Click here
    • Product and Pricing Form. Click here
    • Copy of 1st Lien Mortgage Statement
    Required to Underwrite (in addition to above)
    • Income documents corresponding with the qualifying income type.
    • Appraisal Transfer (Click here for Mortgage Capital’s Transfer Policy)
  • DSCR (1-4 Residential Units)

    Required to Disclose
    • Complete Loan Application – DO NOT include Income & Employment.
    • Credit Report (Cannot be older than 30 days)
    • Borrowers’ ID (Passport or Driver License).
    • Purchase Contract (if applicable)
    • Submission Form Completed. Click here
    • Product and Pricing Form. Click here
    Required to Underwrite (in addition to above)
    • Copy of lease agreement(s) (if applicable)
    • Rent Schedule with expected market rent to calculate DSCR ratio
    • Appraisal Transfer (Click here for Mortgage Capital’s Transfer Policy)
  • DSCR (5-8 Residential Units & 2-8 Mixed Use)

    Required to Disclose
    • Complete Loan Application – DO NOT include Income & Employment.
    • Credit Report (Cannot be older than 30 days)
    • Borrowers’ ID (Passport or Driver License).
    • Purchase Contract (if applicable)
    • Submission Form Completed. Click here
    • Product and Pricing Form. Click here
    Required to Underwrite (in addition to above)
    • Copy of lease agreement(s) (if applicable)
    • Rent Schedule with expected market rent to calculate DSCR ratio
    • Appraisal Transfer (Click here for Mortgage Capital’s Transfer Policy)