
Bank Approval & Closing
Getting bank approval puts your project on its way. You should have your
home and land picked out and a full understanding of your construction
needs.
All
that’s left is for you to close on your construction loan. Your Lender
will guide you through this process.
From bank approval to the actual closing can take
several weeks due to the appraisal process. During this time we will
want to
finish our
documentation, which includes the Full Proposal, Construction Agreement
and Drawings.
Bank Approval
You and/or your dealer will summit your entire project costs including
the home, land and construction to get you approved.
Full Proposal
Once you are approved, we will create a “Full Proposal” that
will outline all of the details for your project.
Construction Agreement
The Construction Agreement is a document that is between you, the customer,
and us, the contractor, to perform the task of conducting all of the
site improvements outlined in the Full Proposal.
Drawings
We now create the necessary drawings for your project for you to review
and approve. Typical drawings for a project include a site survey, foundation
print and elevation view.
Bank Closing
You will meet with your lending institution to close on your loan, which
will release funds to the dealer for your home and to us to begin your
construction process.