Application Checklist[cite: 1]
5-Year Builder Revolving Line of Credit[cite: 1]
Underwriting & Due Diligence Intake Submission Package[cite: 1]
Submission Instructions: Please provide all applicable documentation listed below to initiate formal loan underwriting[cite: 1]. Incomplete packages will defer committee review[cite: 1]. Documents must be submitted in clear, readable PDF formats to your assigned Loan Officer[cite: 1].
Submission Readiness Tracker
0 of 17 Items Complete (0%)
1. Borrower & Management Documentation[cite: 1]
Items 01โ07[cite: 1]
01
Borrower Information Form (Form 1919)[cite: 1]
Complete all sections and execute for the applicant borrowing entity[cite: 1].
02
Agreement of Compliance (Form 601)[cite: 1]
Fully executed compliance certificate[cite: 1].
03
Organizational Documents[cite: 1]
Entity and partnership documentation (Articles of Organization, Operating Agreement, Bylaws, Certificates of Good Standing)[cite: 1]. Note: Please disclose if an ownership transfer occurred within the preceding 6 months[cite: 1].
04
Management Resume & Track Record[cite: 1]
Detailed residential construction history including list of homes built and sold, 1 banking reference, 1 material supply reference, and 2 trade/subcontractor references[cite: 1]. Detail the management team's active role in daily onsite supervision[cite: 1].
05
Work in Progress (WIP) Schedule[cite: 1]
Comprehensive report of all active projects under construction, stage of completion, and projected sales pricing[cite: 1].
06
Government-Issued Photo ID[cite: 1]
Clear copy of Driver's License or Passport for each principal owning 20% or greater[cite: 1].
07
Credit Authorization & Certification (Form S1)[cite: 1]
Signed authorization form[cite: 1]. If any questionnaire item is marked "Yes" (Item 7a: litigation, mechanics' liens, disputes, foreclosures), supply a formal written explanatory statement and supporting legal documentation[cite: 1].
2. Financial Statements & Tax Filings[cite: 1]
Items 08โ13[cite: 1]
08
Personal Financial Statement (PFS / Form 413)[cite: 1]
Required for any individual owning 20% or more of the borrowing entity, as well as each personal guarantor[cite: 1].
09
Past 3 Years Tax Returns[cite: 1]
Provide most recent 3 years filed (or extension plus complete filing) for the borrowing entity and all corporate affiliates[cite: 1]. (Provide all available years if formed under 3 years ago)[cite: 1].
10
Company Financials (Past 3 Years Year-End + Interim YTD)[cite: 1]
Full Balance Sheets and Income/P&L Statements for the borrowing entity and all affiliate companies[cite: 1].
11
Business Debt Schedule[cite: 1]
Comprehensive schedule of existing obligations, balances, monthly debt service, and collateral for applicant and affiliates[cite: 1].
12
Past 3 Years W-2 Forms[cite: 1]
Required for each individual owner holding 20% or more equity in the borrowing entity[cite: 1].
13
Income Statement Projections[cite: 1]
Pro-forma income and operational cash-flow projections for the upcoming 2 fiscal years[cite: 1].
3. Regulatory, Disclosures & Market Support[cite: 1]
Items 14โ17[cite: 1]
14
IRS Form 4506-C[cite: 1]
Signed tax transcript request covering the last 3 years of business federal tax filings[cite: 1].
15
Ownership Disclosure Form[cite: 1]
Executed declaration certifying compliance with federal regulations, citizenship requirements, and equity covenants[cite: 1].
16
Letter from Local Residential Mortgage Lender[cite: 1]
Consult Loan Officer[cite: 1]
Written confirmation attesting that viable end-buyer permanent take-out mortgage financing is available for target home purchasers[cite: 1].
17
Letter from Local Real Estate Broker[cite: 1]
Consult Loan Officer[cite: 1]
Market validation letter confirming strong absorption/demand exists for the proposed home product and that spec plans conform with neighborhood values[cite: 1].