Typical file: application, ID, 2 years tax returns (if applicable), 2 months bank statements, purchase contract, insurance quote, entity docs, rent roll/leases. A tight file cuts weeks off closing.
Process & Closing
Lender-Ready File
A complete, pre-organized package of docs a lender needs to underwrite your loan without back-and-forth.
More in Process & Closing
- Proof of Funds (POF)— A bank or investment statement showing you have the cash needed to close.
- Earnest Money Deposit (EMD)— A good-faith deposit sent to escrow when your offer is accepted — typically 1–3% of purcha…
- Escrow— A neutral third-party account holding funds and documents until all closing conditions are…
- Title Insurance— One-time insurance policy protecting against defects in a property's title (liens, forgery…
- Closing Costs— All the third-party and lender fees due at closing — typically 2–5% of purchase price.
- Due Diligence (DD)— The buyer's investigation period after contract — inspections, financials, title, environm…