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  Application Checklist
Home Purchase
Refinance
Home Equity Loan
Construction Loan
 
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Home Purchase
Fixed Rate
Adjusable Rate Mortgages
VA and FHA Loans
Home Equity Loans
Contact a Purchase Expert
 
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Refinance
Why Refinance
Refinance FAQ
Refinance Loan Options
Contact Refinance Expert
 
  Today's Rate Table
  Rate APR
30 Years Fixed 5.51 % 5.63 %
15 Years Fixed 5.25 % 5.36 %
2/28 ARM 4.83 % 4.95 %
3/1 ARM 5.01 % 5.13 %
5/1 ARM 5.2 % 5.34 %
 
 
 
Home  »»  Application Checklist »» Construction Loan
 

Application Checklist - Construction Loan

 


Before final approval on the loan, we'll order an appraisal of the home. For that, we'll need from you:__Full set of construction plans

__Description of Materials signed by Contractor and Applicant

__Signed contract between Contractor and Applicant

__Signed sworn construction statement

__Purchase Agreement for land or Warranty Deed if land is previously owned. If purchased in last year, verification of purchase price is required.

__Check for the cost of the appraisalOnce footers are in place:__Order a plat sketch from the title company and they will supply it to North Shore Mortgage.Throughout construction:__Send builder invoices, signed by you, to the title company


 
 
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