We're not a bank. Our Document List Reflects that.
While we're not a bank, we do have a list of documents we may need to get you approved. We'll do our best not to ask for anything we don't actually need.
Two pieces of ID (front and back), where at least one piece is government issued photo identification.
An Equifax credit bureau for each borrower on the application, pulled within 30 days of submission.
Credit report dated within 30 days for all borrowers. Required for creditworthiness assessment.
An appraisal of the property by one of our approved appraisers.
An explanation of clients income and their ability to afford payment. We may require confirmation of income by way of 3-12 months of bank statements, T1 Generals, T4s or Notice of Assessments - this is determined on a case by case basis.
Anti-money laundering compliance verification. Link sent after initial documents received.
Included in mortgage commitment. Pre-authorized debit form is to set up monthly payments. Must be signed by all borrowers unless mortgage term is to accrue interest.
Regulatory form required for mortgage transactions. Must be signed by all parties.
Broker-produced document outlining all borrowing costs and fees.
Contact details for legal representation including name, address, and phone number.
Required if NOA shows balance owing to confirm current tax status.
Permits for the local municipality or regional district confirming permission to build.
A copy of the build contract outlining the homebuilders responsibility and costs/pay structure.
30-day bank statements showing availability of down payment and closing costs.
Third-party letter confirming all payroll remittances are filed and paid.
An appraisal of the subject property (bare land and as-complete) by one of our approved appraisers.