>> 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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