Deal Checklist
Required:
- Application
- Credit Bureau Reports (Institutional Reports)
- If there are any credit history issues, please provide details and explain why because credit is used to price the deal and determine "reasonability and suitability.
- If credit is low please explain why
- Purview and/or Appraisal
Optional:
- First and/or second mortgage statements
New Update:
- FSRA has expanded its expectations for private lending and expects more notes regarding "suitability and affordability". Agents are required to provide more notes with submitting deals and in the disclosures.
