1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing all of Florida offering over 48 loans programs including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank Statement Loans or “stated loans” requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA, USDA and Conventional loan types Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 * (407) 300-2558 * Fax (877) 401-9955We are approved lenders for all Government Loans and registered with the Florida Office of Financial Regulation - # MLD106When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.
Loan Pre-Approval Document Checklist
There are four (4) main types of documents needed for a loan pre-approval. You may be asked for a few more, depending on the loan type and your circumstancesPlease note that this list is for all government backed (“FHA,VA,USDA”) and other Conforming loans. Conforming loans follow guidelines issued by/through Fannie Mae and Freddie Mac. Please note that FHA, Fannie Mae (Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation) do not underwrite mortgage loans !Identification-A state-issued photo ID driver’s license or identification card. A valid passport will also suffice.- Social Security Card** All borrowers/co-borrowers must provide ID.IncomeIf you are a W2 Employee:-- Most Recent 30 Days of Paystubs- Most Recent 2 Years Personal Tax Returns (all pages)If you are Self Employed/Schedule C Income:-- Most Recent 2 Years Personal Tax Returns (all pages)- Most Recent 2 Years Business Tax Returns (all pages)If you receive Social Security Income:-- Most recent 1099- Social Security Award Letter- Most Recent 2 Years Personal Tax Returns (all pages) or letter stating you are not required to file tax returnsIf you receive Pension Income:-- Most Recent 1099- Pension Award Letter- Most Recent 2 Years Personal Tax Returns (all pages)If you receive Annuity Income:-- Annuity Disbursement Letter and Full Statement- Most recent 2 years Personal Tax ReturnsIf you receive IRA Income:-- Disbursement Letter and Full Statement- Most Recent 2 Years 1099â€™s- Most Recent 2 years Personal Tax ReturnsIf you receive Child Support Income:-- 6 months bank statements showing the deposits- Divorce Decree or Child Support Order- Most Recent 2 Years Personal Tax Returns (all pages)If you receive Alimony Income:-- 6 months bank statements showing the deposits- Divorce Decree (all pages)- Most Recent 2 Years Personal Tax Returns (all pages)AssetsChecking/Savings:-- 2 Most Recent Bank Statements - Only of Accounts used for Closing (all pages)Gift Funds Documentation:-- Completed Gift Letter provided by RP Funding- Bank Statement from the Gift Donor Showing the Funds to Gift (all pages)Retirement Funds:-- 2 Most Recent Statements (all pages)- Terms of WithdrawProceeds from the Sale of a Property:-- Purchase Contract Signed by all Parties- Closing Disclosure Signed by All PartiesAdditional Documentation (If Applicable)Subject Property for a PURCHASE:- Signed Purchase Agreement including all addendum- Homeowner's Insurance Quote- Short Sale Approval Letter *(if applicable)Subject Property for a REFINANCE:- Current Mortgage Statement(s)- Current Homeowner's Insurance Declaration Summary Page(s)- Current HOA Statement(s) or letter stating no HOA- Owner's Title Policy- SurveyIf you own other Real Estate:- Current Mortgage Statement(s)- Current Homeowners Insurance Declaration Summary Page(s)- Current Property Tax Statement(s)- Letter Stating your Intentions with your Existing Home if you purchase a new Primary Residence- Current HOA statement or letter stating no HOA dues are requiredAdditional Documentation (If Applicable):-DD-214 (for VA Loans Only)-Bankruptcy Discharge and Petition if less than 10 years or less (all pages)- Divorce Decree if 10 years or less (all pages)- Signed Letter Stating your Intentions with your Cash Out Refinance***Disclaimer - After your loan has been reviewed other documentation may be required in order to finalize your transaction. ***