LOAN DOCUMENTATION

•   Residential Loan Application must be filled out
•   Copy of Tri-merge Credit Report
•   Copy of fully executed lot purchase contract
•   Income verification:  Two most current years W-2 forms or Federal Income Tax Returns                                 Current paycheck stub for each borrower
•   If self-employed, two years personal returns, business tax returns and YTD financials
•   Full land appraisal with pictures of suject property and all comps
•   Title Report (within 60 days) including tax parcel number and plat map
•   Copy of Earnest Money Receipt

• Variable Rate: .............     Prime +
• Fixed Rate Option:             Is Available
• Term: ........................     Varies
• LTV: ..........................      80 to 90%
• Amortization: ..............     Interest Only
• Minimium Credit Score:..   620 for 80% LTV  680 for 90% LTV
• Minimium Loan Amount:..  $25,000
• Maximium Loan Amount:.. $1,500,000
• Max Lot Size: .................  5 Acres 80%  3 Acres 90%

Properties

Residential Lot must be in a fully improved platted subdivision with utilities to the lot line.  5% of purchase price in reserves after COE.

Always call to discuss exceptions!  OR fill out application below.