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Construction Loan checklist

Construction Loans

This is in addition to the normal checklist of items

  • If you have purchased the land already and you have owned the lot (land) less than 12 months, Settlement Statement showing the purchase price for the lot.
  • Document your current house in the 1003 (Loan Application or where)
  • Construction Check List
  • Cost-to build figures / Cost break-down (itemization fitures)
  • Copy of the contractors license
  • Resume of the contractor
  • Copy of building permit (if already purchased & paperwork has been issued)
  • Copy of blue prints (plans)
  • Analysis done by either an appraiser or a real estate agent on the new construction.