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

Discription of Materials

Builder's Resume

Builder's Liability Insurance + Bond

Builder's Licence