Application Information

For Pre-approval: the following documentation must be provided for review: 

VIA Fax 1-888-389-5293 or Scan and Email: Info@firstfundsgroup.com

• Filed Articles of Organization/Certificate of Formation, including all amendments (or equivalent document required by the state)     
• Certificate of good standing (or an equivalent document) issued from the state in which the LLC was formed. The certificate cannot be dated more than 60 days prior to closing and must be provided regardless of the age of the company
• Signed Operating Agreement, including all amendments, attachments, and schedules, if any. Note: Should the LLC not have any operating agreement pursuant to its state law, a Member List shall be acceptable.    
• A complete Member List showing all members and managers and their respective ownership interests 
• EIN Number DOC From IRS:      
• Last two bank statements (all pages, even if they are blank)    
• Driver’s License and Social Security Card    
• Contractors Name, Bid, License, and Insurance     
• Completed Application.     
• REO Experience documentation: HUD-1 from previous transaction(s)    
•  Voided Check (Your monthly payments will be pulled from the account corresponding to the check All Draw will be deposited into the same account)     
• Contract     
• The Project Scope of Work for Project     
• Three Comps of AS VALUE     
• Three Comps of After Repair Value     
• Property ownership must be listed as Fee Simple or Fee