Requirements for the Loan Application Package
The table below provides the requirements for the loan application package.
|✓||The loan application package must include …|
|A copy of the ratified sales agreement, if applicable.|
|Escrow/closing or settlement instructions, if applicable.|
|Any other information or documentation used to verify, clarify, or substantiate information in the borrower’s application.|
|All other documentation that was used to make a prudent underwriting decision, including (but not limited to) the credit report, property appraisal and inspection reports, and project documents.|
For additional information, see B1-1-01, Contents of the Application Package.