>> Construction Checklist
Construction. Documents, Timeframe and Fees.
Timeframe.
Up to 4 weeks
Closing costs.
Closing costs range between 1 and 4 % of loan amount
Documents needed for Construction loan
Plans & Specifications for the proposed construction completed by atchitect (Final two copies signed & dated by borrower and contractor
Purchase contract or agreement for lot if lot has been purchased within the past 12 month or if it will be purchased as a part of this transaction
HUD-1 Closing Statement provided by the closing agent if property was purchased within the past 12 month
Copy of Listing Agreement on current residence to be sold
Architect Agreement
Copies of any approvals from city/county/homeowner's association
Fixed Price Construction Contract
Cost-Breakdown
Discription of Materials
Builder's Resume
Builder's Liability Insurance + Bond
Builder's Licence
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