LoanSum requires the following:
- An approved LoanSum account (complete the application). Check out our Privacy Policy.
- Submitted online loan request (loan request forms available once account is established)
- Sales contract signed by all parties
- Lockbox or Access information
- Itemized construction bid from your contractor (If necessary)
- Completed Property Analysis Spreadsheet (available to download once account is established)
- Account statements for all liquid assets for the last 3 months
- If taking title to the property in a corporate name, corporate documents (Articles of Organization, Operating Agreement or Bylaws, Tax ID#, and Certificate of Good Standing). All members, officers and their spouses, of a corporation must sign all documents at closing