Builder Program Loan Checklist

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1. Land Acquisition
   a. Agreement of Sale or Settlement Sheet/Closing Statement
   b. Details of seller financing, if any
   c. Title report, copy of deed (if available)
   
   
2. Project Overview
   a. Location Map
   b. Site Plan
   c. Number of Units
   d. Type of Units, Unit Description
   e. House Plans, Renderings, Floor Plans, and Specifications
   f. Financial Feasibility/Profit Analysis
   g. Pre-Sales, if any
   h. Market Study, if available
   i. Appraisal, if available
   
   
3. Approvals
   a. Subdivision Approvals
   b. Subdivision Plans
   c. Sewer and Water Connections
   d. Building Permits
   
   
4. Site Improvements
   a. Land Improvement Cost Estimates
   b. Township Development Agreements
   c. Township Financial Security Agreements (Set-A-Side, Letter of Credit, Bond)
   
   
5. Project Hard and Soft Costs
   a. Line item cost breakdown by house model
   b. Estimated soft costs (overhead, advertising, architect, engineering, legal, etc.)
   
   
6. Sponsorship/Borrower
   a. Type of Entity (i.e., LLC, Corporation, Partnership, etc.)
   b. Principals/Sponsors
   c. Resumes and References
   d. Financial Statements
   

For more information on Independent Mortgage Company's builder programs or to set up an appointment with an IMC loan specialist, e-mail us today or call 800-220-4040.