Requirements for the Loan Application Package
The table below provides the requirements for the loan application package.
✓ | The loan application package must include … |
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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.