What to gather before you apply
Having these ready before you apply is the easiest way to speed up underwriting. You can see your terms first with a soft credit pull; a full credit check happens only after you accept terms and move toward closing.
The DSCR program page has the full interactive checklist. This guide covers the same items in plain language.
How the property is valued
DSCR loans use a traditional appraisal, which you pay directly to the appraisal company. CR Equity AI does not charge its AIVAA™ valuation fee on DSCR loans. The $599 application fee and $199 background and lien search still apply when you sign the term sheet.
DSCR documents checklist
| Detail | CR Equity AI |
|---|---|
| Loan application | Business-purpose loan application |
| Identification | Government-issued photo ID |
| Entity documents | Articles of organization, operating agreement, EIN, and certificate of good standing, if you borrow through an LLC or other entity |
| Credit | Credit authorization — soft pull to see terms, full credit check before closing |
| Rental income | Current leases, a rent roll, or other proof of the property’s income |
| Valuation | Appraisal, paid directly to the appraisal company |
| Tax returns or W-2s | Not required |
Extra documents by situation
- Rate-and-term refinance: a payoff statement and details of your current loan
- Cash-out refinance: the same documents; underwriting may ask for more on the property’s value
- Borrowing through an LLC: the complete entity package before closing
Frequently asked questions
Related pages
Direct lender. We lend our own capital. Soft credit pull only — no hit to your score to get terms.
Brokers: you can submit a client’s deal or learn about our broker program.