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I. Documentation for Underwriting
Approval
| __ 1) |
Complete Copy of Credit Package from Permanent Lender:
__ Form 1003
__ Credit Report
__ Appraisal
__ Agreement of Sale/Deed
__ TIL & GFE
__ Permanent Loan Commitment
|
| __ 2) |
Building Plans & Specifications |
| __ 3) |
Construction Contract |
| __ 4) |
Line Item Cost Breakdown with Supporting Bids/Proposals
from Subcontractors and Suppliers (when borrower is
acting as own general contractor) |
II. Documentation for Closing
| __ 1) |
Title Commitment with Insured Closing Letter (in Pennsylvania,
IMC requires endorsements 100, 300, 900 (8.1), and 1015).
Title bringdowns required for each construction draw.) |
| __ 2) |
Survey (required in New Jersey and Pennsylvania when
title company requires survey to issue endorsements
100 and 300) |
| __ 3) |
Septic Permit |
| __ 4) |
Building Permit |
| __ 5) |
Homeowner's Insurance |
| __ 6) |
Contractor's Liability and Worker's Compensation Insurance
Certificates |
Please print Required Documentation Form for future
reference and/or
correspondence with Independent Mortgage Company.
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