A probate loan is a loan on inherited property. The estate is either in probate or in the process of going through a trust administration process. Heirs utilize this loan for many reasons, including getting early access to an asset since the probate process can take months.

Typical Documents for a Probate Loan:

  • Loan Application
  • Borrower Authorization
  • Bank Statements
  • Picture ID
  • Loan Submission Form
  • Home Owners Insurance
  • Mortgage Statement for Payoff Information
  • Probate Documents from Attorney

If Property is Leased/Rented:

  • Lease agreement

If Corporation:

  • Articles of Incorporation
  • Bylaws
  • Statement of Information
  • Form W9

If LLC:

  • Articles of Organization
  • Statement of Information
  • Form W9

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