FYNF Document Checklist.

Know What is Needed at Every Step!

REQUIRED DOCUMENTS BY PHASE

A Faster Path to Getting Approved! Getting organized before you apply is the fastest way to move your loan forward. This checklist outlines the documents required during each approval phase, helping you avoid delays and keep your project on schedule.

01 Borrower Approval

Income Verification


  • Most recent paystub (W-2 employees)
  • Most recent filed Federal Tax Return (If you filed an extension, provide the previous year's filed return)
  • Self-employed borrowers may be required to provide the two most recent Federal Tax Returns


Assets & Reserves


  • Minimum $20,000 in liquid reserves per active project
  • Bank statements (most recent 90 days)
  • Investment account statements (if used for reserves)
  • Retirement account statements (if used for reserves and accessible through loan or liquidation)


Credit Authorization


  • Each borrower must authorize a credit report through the FYNF Credit Report page
  • Minimum recommended credit score: 680
  • Identification
  • Current government-issued driver's license or state-issued ID for each borrower


Credit Authorization

02 Property Approval

Loan Request


  • Requested purchase amount
  • Requested renovation amount
  • Estimated loan term
  • After Repair Value (ARV).
  • Your estimated after-repair value
  • Exit Strategy.


Purchase Contract


  • Fully executed purchase contract
  • Include all addendums, riders, assignments, and amendments (if applicable)


Itemized Project Plan


  • Detailed repair list
  • Estimated cost for each repair
  • Total renovation budget
  • Contractor, Project Manager Information
  • Interior and exterior property photos


Title Company


  • Title company name
  • Contact person's name
  • Phone number
  • Email address



Under Contract Form

03 Final Loan Approval

Entity Documents


  • Missouri LLC required
  • EIN Confirmation Letter
  • Articles of Organization
  • Operating Agreement listing all LLC members


Property Insurance


  • One-year insurance policy
  • Paid insurance receipt
  • Dwelling coverage
  • Vacancy and vandalism coverage (if applicable)
  • Fund Your Next Flip, LLC listed as Loss Payee and Additional Insured


Prepared by Fund Your Next Flip, reviewed and Signed by Borrowers


Funding Terms

  • Loan Terms Itemized
  • e-Signed by all Borrowers


Loan Package


  • Executed through the title company
  • Includes the Promissory Note, Deed of Trust, Personal Guarantees, and other required loan documents
  • Signed by ALL borrowers, LLC Members