Paperwork needed to process your construction loan includes copies of the following:
- Loan Application and Borrower's Authorization
- Most recent 2 years of filed tax returns (all pages including any W2's, 1099's and K1's)
- If 25% or more ownership in a partnership or corporation, most recent 2 years of filed tax returns on the business
- Most recent 30 days of paycheck stubs
- Most recent 1 month of all bank and asset statements
- Driver's license or other photo I.D.
- Construction contract with builder
- Plans (email PDF if possible)
- Closing statement from lot purchase if lot is already owned
- Contract to purchase lot if not already owned
- Lot survey