Pre-Approval Items Needed:
- KCIF Application
- Personal Financial Statement
- 1 Month Bank Statement/Proof of Liquidity, HELOC, line of credit, etc
- Tri-Merge Credit Report w/Scores (a self-pulled report)
Items Needed Once Property is Under Contract:
- Purchase Contract w/Addendums or Amendments or Purchase Settlement Statement if a Refinance
- Scope of Work/Construction Budget (Be as detailed as possible & sign)
- Entity Documents (Articles of Organization/Inc, Operating Agreement, & Certificate of Good Standing, IRS EIN Letter)
- Photo ID(s)
- Insurance Coverage (Certificate of Coverage and Proof of Payment, Lender will provide mortgagee clause to have added to policy)
- Appraisal (KCIF Orders it, Borrower Pays, $ varies per area)
