• Construction Loan

    A construction loan is a short term loan that is used to help finance the cost of a building or real estate project. The loan is designed to cover the costs associated with the project before obtaining more long-term funding. Once construction is completed, many people refinance this loan into a permanent mortgage.

    Typical Documents for a Construction Loan:

    • Loan Application
    • Borrower Authorization
    • Bank Statements
    • Picture ID
    • Loan Submission Form
    • Home Owners Insurance
    • Mortgage Statement for Payoff Information
    • Purchase Agreement (Contract)
    • Construction Budgets & Plan

    If Corporation:

    • Articles of Incorporation
    • Bylaws
    • Statement of Information
    • Form W9

    If LLC:

    • Articles of Organization
    • Statement of Information
    • Form W9