Self Employed borrowers are required to submit these documents through Arive’s secure portal then  transferred to Dropbox and store in folders by year and borrower’s last name.

1. Personal Identification:

•     Copy of a government-issued ID (e.g., driver’s license or passport).

•     Copy of your Social Security Card

2. Business Documentation:

•     Business license or registration documents.

•     Proof of self-employment status (e.g., a letter from a CPA or attorney).

•     Articles of incorporation or partnership agreements (if applicable).

3. Tax Returns:

•     Personal tax returns (Form 1040) for the most recent two to three years.

•     Business tax returns (Form 1120, 1120S, 1065, or Schedule C) for the most

•     recent two to three years.

•     If the mortgage application is in the middle of the year, interim profit and loss

        statements will be required.

4. Financial Statements:

•     Year-to-date profit and loss (P&L) statement for the current year.

•     Balance sheet for the business.

•     Statements for business bank accounts.

5. 1099 Forms and Other Income Documentation:

•     Copies of 1099 forms and any other income documentation for the past two to

        three years.

6. Business Debt Information:

•     Detailed list of business debts, including outstanding balances and monthly

        payments.

•     Copies of business loan agreements.

7. Credit Reports:

•     Personal and business credit reports.

•     Explain any late payments or derogatory marks on the credit reports and any

inquiries made in the last 90 days.

8. Business Bank Statements:

•     Personal and business bank statements for the past two to three years.

•     These should show regular income deposits and business expenses.

9. Business Profitability Proof:

•     Business revenue and expenses records.

•     Contracts, invoices, and receipts that validate income.

10. Debt Obligations:

•     Detailed information about any outstanding personal or business loans. –

•     Information about other financial obligations like alimony or child support.

11. Letter of Explanation:

•     A detailed letter explaining any irregularities, fluctuations in income, or other important financial information that underwriters

        should consider.

12. Other Supporting Documents:

•     Copies of lease agreements (if the business owns or rents property).

•     Proof of business insurance.

•     Any additional documentation requested by the mortgage underwriter.