Loan documents

Borrower

• Identification (driver’s license and Social Security card)
• Pay stubs for the most recent 1 month
• Bank statements for the most recent 2 months
• W-2s and/or 1099s for the most recent 2 years
• Tax returns for the most recent 2 years
• Land deed, loan payoff or contract
• Land plat or survey
• Self-employed: business tax returns for the most recent 2 years and a current-year P&L statement

Builder

• Company formation documents
• Minimum of 3 client references
• General liability insurance certificate (if any)
• Home contract or proposal
• Home floor plans with elevations
• Home specifications
• Construction budget
• State franchise tax must be active
• VA builder ID (if applicable)
• Builder’s risk insurance before work begins
• Forms survey before the foundation is poured
• Final survey upon construction completion

Please review our draw instructions. If you would prefer draw disbursements based on a draw schedule, rather than providing the traditional backup (lien waivers, receipts, invoices), we must receive a list of completed projects over the last 2 years. We will also require the builder to provide 2 years of tax returns, a current year-to-date profit and loss statement, and the balance sheet.

Broker and title

• Permanent loan application
• Credit report (within last 90 days)
• Permanent loan DU or LP report
• Permanent loan underwritten conditional approval
• Proposed-construction appraisal (or CFS to order)
• Tax transcripts (if applicable)
• Title commitment with clear Schedule C
• Title tax and HOA certificates
• Title preliminary Closing Disclosure
• Title wire instructions