Please submit these documents along with your signed Application
and Borrower's Certification and Authorization form
to our central processing center at:
By fax:
800-341-2539 or 305-661-3545
by mail:
BMC Processing Center
4901 SW 80 street,
Miami FL 33143
DO NOT WORRY ABOUT SENDING ALL DOCUMENTS IN YOUR FIRST PACKAGE.
MISSING DOCUMENTS CAN BE FORWARDED LATER ON.
All original documents will be returned before you close with us.
We will call you within 48 business hours of our receipt of your package.
* BMC offers you a 100% money back guarantee if your
credit loan application is not approved.
A check for your application fee (appraisal and credit report): For 1 unit properties in Massachusetts $300, 2 units $450, 3-4 units $500. For all other states $350 for 1 unit properties, $500 for 2 units and $550 for 3-4 unit properties. Please make checks payable to "BMC"
Print and sign your application and Buyers Certification and Authorization form from our web site and include with package
Your most recent original pay stubs for all present jobs for the past consecutive 30 day period
Copies of last two (2) years W2's and/or 1099's, for all jobs worked during this period
Last 12 month canceled rent checks, front and back copies, or signed attached Landlord Verification of Rent form, or family member's letter if living with family member(s)
If you choose to include income from child support or alimony include copies of canceled checks showing receipt of payment as well as copy of fully executed divorce agreement approved by a judge, if applicable
Your last two (2) monthly bank statements or brokerage account statements, (all pages), for all liquid asset accounts disclosed on your mortgage loan application
If needed to qualify; last original statement(s) as evidence of 401K(s) and/or retirement funds
Copy of accepted offer OR a fully executed Agreement of Sale/Binder (all parties must sign), including all addenda
Copy of earnest deposit canceled check(s) (money given with accepted offer and execution of the Purchase and Sale agreement)
Satisfactory explanation letter, with supporting paper trail, documenting source(s) of all large deposits. (1% of loan amount or more, excluding salaried income deposits)
Satisfactory proof for liquidation of stocks, bonds, IRAs, 401K plans, pension plans, annuities, insurance policies, etc..., if using money from these sources for a down payment
If collecting retirement or social security income; copy of last two (2) most recent checks for Social Security/Pension/Disability income with appropriate Award Letter(s)
Copy of free and clear title, or last homeowner's insurance declaration page for all properties without a mortgage lien against them, except the one(s) being financed by BMC
Copy of the last RE tax bills for all other properties except the one(s) being financed by BMC
If financing a condominium; Name, voice and fax number for condominium association, as well as a copy of the master insurance policy
If applicable; copy of full Divorce/Separation Agreement, including Court Order (all pages)
If graduated within the past two (2) years, copy of last school transcripts or graduation diploma
Legible copy of a government issued picture ID for each applicant (USA Patriot Act)
In addition, if you are a self employed person (you own more than 25% of a company), or if more than 25% of your employment earnings derive from commissions, overtime or bonuses;
If working for a corporation, copies of last two (2) years W2's and/or 1099's, for all jobs worked during this period. Copy of last two (2) years 1120's, (complete corporate tax returns including all schedules and K-1s if applicable), signed by appropriate officer(s)
Copy of last two (2) years 1040's, (complete personal tax returns including all schedules) signed by you
If you own more than 25% of a partnership; copy of last two (2) years 1065's, (complete partnership tax returns including all schedules) signed by appropriate partner(s)
You may also need to provide us with a current Profit & Loss Statement, signed by you and prepared in accordance with acceptable accounting principles. We will advise you on this once we receive your application
Condominium projects must comply with BMC's condo guidelines. Property must be finished, complete and in good condition. Money back guarantee does not apply to withdrawn or incomplete applications with inaccurate or unverifiable information. An actual commitment to make a mortgage loan will not be issued unless we receive a complete mortgage loan application from you, and we are able to verify that your financial and credit condition at that time and the value and condition of the property you are purchasing satisfy our credit standards. BMC will not be responsible for you, or third parties, entering into a transaction agreement without a financing contingency
Documents Required If You Are Refinancing
A check for your application fee (appraisal and credit report): For 1 unit properties in Massachusetts $300, 2 units $450, 3-4 units $500. For all other states $350 for 1 unit properties, $500 for 2 units and $550 for 3-4 unit properties. Please make checks payable to "BMC"
Print and sign your application and Buyers Certification and Authorization form from our web site and include with package
Your most recent original pay stubs for all present jobs for the past consecutive 30 day period
Copies of last two (2) years W2's and/or 1099's, for all jobs worked during this period
Your last 30 days of monthly bank statements or brokerage account statements, (all pages), for all liquid asset accounts disclosed on your mortgage loan application. If no money available in savings or stocks, last original statement(s) as evidence of 401K(s) and/or retirement funds
If applying for a "debt consolidation loan": Letter with a breakdown of the accounts to be paid off, dated and signed by you.
If collecting retirement or social security income; copy of last two (2) most recent checks for Social Security/Pension/Disability income with appropriate Award letter(s)
Copy of free and clear title, or last homeowner's insurance declaration page for all properties without a mortgage lien against them, except the one(s) being financed by BMC
Copy of the last RE tax bills for all other properties, except the one(s) being financed by BMC
If financing a condominium; voice and fax number for condominium association, as well as a copy of the master insurance policy
If applicable; copy of full Divorce/Separation Agreement, including Court Order (all pages)
If you choose to include income from child support or alimony include copies of canceled checks showing receipt of payment as well as copy of fully executed divorce agreement approved by a judge, if applicable
If graduated within the past two (2) years, copy of last school transcripts or graduation diploma
Legible copy of a government issued picture ID for each applicant (USA Patriot Act)
In addition, if you are a self employed person (you own more than 25% of a company), or if more than 25% of your employment earnings derive from commissions, overtime or bonuses;
If working for a corporation, copies of last two (2) years W2's and/or 1099's, for all jobs worked during this period. Copy of last two (2) years 1120's, (complete corporate tax returns including all schedules and K-1s if applicable), signed by appropriate officer(s)
Copy of last two (2) years 1040's, (complete personal tax returns including all schedules) signed by you
If you own more than 25% of a partnership; Copy of last two (2) years 1065's, (complete partnership tax returns including all schedules) signed by appropriate partner(s)
You may also need to provide us with a current Profit & Loss Statement, signed by you and prepared in accordance with acceptable accounting principles. We will advise you on this once we receive your application
Condominium projects must comply with BMC's condo guidelines. Property must be finished, complete and in good condition. Money back guarantee does not apply to withdrawn or incomplete applications with inaccurate or unverifiable information. An actual commitment to make a mortgage loan will not be issued unless we receive a complete mortgage loan application from you, and we are able to verify that your financial and credit condition at that time and the value and condition of the property you are purchasing satisfy our credit standards. BMC will not be responsible for you, or third parties, entering into a transaction agreement without a financing contingency
MA Mortgage Lender. MA Division of Banks ML0194. Licensed by the New Hampshire banking department. NH Mortgage Banker. NH Division of Banks # 5477. Florida Licensed Lender. CT Licensed Lender California Lender and Broker's license # 603-7421
