EverBank^® does whatever it takes to help you get the financing you need. Not the least of which is making the whole process simple. Following these four easy steps enables a closing in 30-45 days (in most cases). The faster you turn in the documentation we need, the faster we can help you seal the deal.

Step One – Obtain Letter of Interest
The property must be able to service the debt; obtaining the LOI will determine whether the property supports the loan. So it’s critical you obtain an LOI at the outset of the process. To do so, simply fax us the following:

• A current rent roll
• An operating history for 2005 and 2006 and 2007 year-to-date
• Ideally, a completed Form 1003 and credit report

We can also issue an LOI with a current information sheet on the property as prepared by the listing agent.

Step Two – Prepare an Underwriting Package
While working on Step One, please gather a complete SFR full document package including the following:

• Tax returns
• Bank statements
• Pay check stubs
• Preliminary title report
• Escrow, etc.

At this stage, we also require pictures of the subject property.

Step Three – Submit Your Package to EverBank
Once you obtain the signed LOI with the check for the appraisal and rate lock, if needed, forward the signed LOI, check, and as much of Step Two materials as possible to EverBank.

At this time, we’ll work on ordering the appraisal and supplying you a “Needs List” of outstanding items.

Step Four – Underwriting
Once all of the information is received, the file will be sent to Underwriting. Files are generally underwritten on a “first in, first out” basis. To ensure the fastest turnaround, we encourage you to submit all required materials as soon as possible.