Start by Obtaining Pre-Approval:

• Fill out the online Longhorn Application.
• Input “TBD” in the address line if you do not already have a property identified.
• Provide proof of Assets (we require a minimum of $15,000 in liquid assets):
  • Last (2) two months statements for checking or savings accounts
  • Last quarterly for retirement accounts
  • NOTE: Please send in all pages
•  Provide proof of Credit (we need a 650 middle score):
  • We will take your credit report if it has been pulled within the last 90 days. If self-supplied, report must have all trade lines and three bureau scores
  • If your credit report has not been pulled in the last 90 days and/or you do not have access to report, Longhorn can pull credit with borrower consent.

Once everything is received, we will issue a proof of funds letter.

In Addition to Filling Out the Online Application, We Will Need the Following:

• Executed purchase contract
  • All pages including any assignments
• Itemized rehab estimate
  • Please include cost associated with each line item
• Copy of driver’s license or ID
• Entity Documents (if closing as an LLC or Corporation):
  • If it's an LLC, we need the following docs:
    • Certificate of Formation
    • Certificate of Good Standing
    • Operating Agreement
    • EIN
    • Unanimous Consent from the members authorizing the specific transaction (if there is more than one person on the Operating Agreement)
  • If it's a Corporation, we need the following:
    • Certificate of Formation
    • Certificate of Good Standing
    • Corp. Bylaws
    • Articles of Organization
    • Corporate Resolution (that authorizes the transaction)
    • EIN