29 May 2007


When you have a house built and you are raising construction and remodeling loans you have a number of concerns that may need answers:
Not only will your lender need standard credit documentation, but also, in order for your lender to see your vision as clearly as you do, your lender will want copies of the following:

1- Final architectural plans and specifications to obtain an appraisal.
2- Purchase contract for existing lot (or Closing Statement if you've closed the purchase transaction).
3- Description of Materials.4. Line item cost breakdown prepared by the contractor.
5- Your Contract with Builder.6. Copy of the contractor's license.
7- Builder's statement or application.

Don't forget: Get the necessary building permit for YOUR community!



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