Required Documents for Self Builder

Construction Loan - Required Documents for Self Builder

a) Copy of Land Contract if land is being Purchased of copy of Title of land already owned
b) Resume confirming good knowledge of the home building process
c) One Complete set of house plans and working drawing (blueprint)
d) Site Plan showing legal description, dimensions of property in detail
e) Copy of all Sub-Contracts which confirm Home Construction Costs
f) An Appraisal indicating final value once the home is constructed.

Applicants qualify under normal underwriting guidelines. The value used for financing is the value determined by the Appraisal. (eg if land purchase is $125,000 and based on the plans, the value of the home is worth $300,000, the total value used for lending purposes would be $425,000). Click Qualified Builder for more information.