Help Center
Lendai Loans Programs
Lendai currently offers these loan programs:
- New Purchases
- Cash-out Refinance
- Rate and Term Refinance
- Portfolio Loans
- DSCR Loans(Debt Service Coverage Ratio)
- Global Full Doc Loan (DTI based on foreign income)
- Short Term Loans:
- Bridge
- Fix & Flip
- Ground-Up Construction
Here is a breakdown of the different documents needed for each loan program (additional documents may be requested based on the specific scenario and underwriting)
- DSCR Loans
- Personal:
- Passport
- US and/or foreign bank statement showing liquidity (down payment + closing cost + PITIA reserves)
- Bank reference letter (not in all cases, depend on the loan scenario)
- Entity:
- Entity Documents (US entity and foreign entity if applicable):
- Operating Agreement/Bylaws,
- EIN letter
- W-9
- Organizational formation docs.
- We can help establish the US entity if needed – US Entity Formation Services – Lendai
- Property:
- Purchase agreement (if it’s a new purchase loan)
- Property management agreement (if applicable)
- Lease agreement (if the property is currently leased)
- Homeowners insurance (we can issue insurance quotes if needed) – Insurance Services – Lendai
- Personal:
- Global Full Doc Loans (DTI based on foreign income)
- All the documents of a DSCR loan
- CPA letter or employer letter to verify global income (we have templates for this, will share the relevant template according to the scenario)
- Proof of residency in country of origin and proof of mortgage payment on primary residence in the country of origin.
Short Term Loans – Please check each specific brochure (hyperlink to brochures)