PLANS CERTIFICATION AND DESCRIPTION OF MATERIALS
Borrower, Contractor and/or Assigner: _______________________________________
Lender: ________________________________________________________________
THE LOAN. Borrower has requested DFI Funding, Inc. to lend the principal amount of $ _____________ (the loan) to provide funds for the construction of the Project on the following described real property located at ____________________ County, State of California.
Address: ___________________________________
___________________________________
APN #: ___________________________________
The word “Project” as used in this Agreement means the construction, renovation, or other work on the improvements located on the above-described real property as set forth in the Project plans and specifications approved by DFI Funding, Inc.
Plans and Specifications: All final plans, specifications, and description of materials for the Project prepared or caused to be prepared by the Architect, Engineer, Developer, Owner, Contractor and/or Borrower are attached hereto.
Borrower, Appraiser and
Contractor shall initial all pages of the Plans and Specifications attached
hereto and MAKE ANY FINAL CHANGES TO THE PLANS AND SPECIFICATIONS (AND
INITIAL THOSE CHANGES) WHICH REPRESENT THE ACTUAL FINAL PLANS AT THE TIME OF
THIS LOAN FOR WHICH ALL PERMITS WILL BE OBTAINED.
I certify that I have reviewed all of the Plans and Specifications attached and initialed all pages and made any corrections, which now represent the final Plans and Specifications.
I have also attached a
revised Description of Materials, or
I
have not attached a revised Description of Materials
____________________________________ ______________________________
Signature-Borrower Printed Name
___/____/____
Date
____________________________________ ______________________________
Signature-Contractor Printed Name
___/____/____
Date
____________________________________ ______________________________
Signature-Appraiser Printed Name
___/____/____
Date
BUILDER APPLICATION
Borrower Name: _________________________________________
Property Address: _________________________________________ APN: # _________________
_________________________________________
Builder/Contractor: ___________________________________________________________
Address: ___________________________________________________________
___________________________________________________________
Fed Tax I.D.#: __________________ Ph.#: _________________ General Contractor Lic.#:_______________
BANK REFERENCE: (Please include address, phone #, and account numbers)
Name of Bank: _______________________________________________________
Address _______________________________________________________
_______________________________________________________
Phone Number _______________________ Acct #(s):_______________________
Account Officer _________________________________
TRADE REFERENCE:
Name: _______________________ Acct #: _________________________
Address/Ph# _______________________________________________________
_______________________________________________________
Contact Person __________________________________
Name _______________________ Acct #: _________________________
Address/Ph# _______________________________________________________
_______________________________________________________
Contact Person __________________________________
HOMEOWNER REFERENCE: (Please use a job similar to this one within the last year)
Name: _______________________________________________________
Address/Ph# _______________________________________________________
Job Desc. _______________________________________________________
LENDER REFERENCE: (Use a lender who has worked with you in the same
capacity as we will with in the last year)
Name: __________________________
Bank Contact: ___________________________
Address/Ph# __________________________________________________________________
__________________________________________________________________
ATTACH:
Proof of Liability and
Worker’s Comp Ins. Resume
Copies of last two years financials or tax
returns Jobs in Progress Report (see
attached)
Copy of General Contractor’s License Authorization to pull credit
I declare that all statements
contained in this Application including the attachments are complete and true
to the best of my knowledge and this Application is submitted to DFI Funding
for the purpose of gaining approval to be used as a Builder for the Borrower(s)
named on this Application. The
undersigned authorizes DFI Funding to make all inquiries it deems necessary,
including obtaining a business or personal credit report, to verify the
accuracy of the
Date: ___/____/___ Signed: ____________________________ Printed: ____________________________
CONSTRUCTION FINANCING
DOCUMENTATION REQUIRMENTS:
BORROWER NAME(S): _____________________________________
LOAN AMOUNT REQUESTED: $ ______________________________
PROPERTY ADDRESS: _____________________________________
_____________________________________
I.
BORROWER:
1)
Construction Loan
Application
2)
Borrower
Application (form 1003)
3)
Borrower Income
Documentation (DFI will advise specific
requirements)
A)
Current Financial
Statement
B)
Recent Pay stub
C)
Recent Bank
Statement
D)
Tax Returns
4)
Borrower Credit
Report
II.
BUILDER:
1)
Builder
Application
2)
Jobs in Process
Report
3)
Liability
Insurance
4)
Workman’s
Compensation Insurance
5)
General
Contractor’s License
6)
Last two years
Financial Statements
7)
Resume
III.
PROPERTY:
1)
Preliminary Title
Report
2)
Escrow
Instructions
3)
Purchase &
Sale Agreement &/or Final Settlement Statement
4)
Appraisal
(showing current land value and completed value)
5)
Plans &
Specifications
6)
Soils/Engineer
Reports
7)
Cost Breakdown
8)
Environmental
Reports
9)
Building
Permit(s)
10)
Description of
Materials
CONSTRUCTION LOAN
APPLICATION
LOAN REQUEST
Borrower:______________________________ Co-Borrower:__________________________________
Phone: _(____)______________ Fax:__(____)________________ Cell:_(____)___________________
___ I am a general contractor, or ___ I will be hiring a licensed general contractor
___ The property is residential and
will be occupied by me, or
___ Property will be sold upon completion or ___Property will be held for business/investment purposes
___ I own the lot: Date purchased _____/_____/_____ Original Cost: $ _________ Market Value: __________
___ I found a lot: Earnest money agreement? ___ NO ___ YES
Purchase Price: $______________ Closing date: _____/_____/_____
City:
Name of lender and/or contract/lien holder: Balance: Interest rate: Monthly Pymt:
1. ____________________________ $ ____________ __________% $ ______________
2. ____________________________ $ ____________ __________% $ ______________
Do you think the contract holder(s) will subordinate (take 2nd lien position) to your construction loan if necessary? ____ YES _____ NO _____ MAYBE – Explain: ______________________________________
PROJECT DESCRIPTION
No. bedrooms: _____ No. baths: _____ ˝: _____ Size (sq ft): Finished Unfinished
Garage sq ft: _________ No. of cars: _________ Basement: __________ ___________
Features: _______________________________ 1st Floor: __________ ___________
_______________________________________ 2nd Floor: __________ ___________
_______________________________________ Total: __________ ___________
CONSTRUCTION
INFORMATION
Building Permit status: ____ Approved ____ Pending ____ Not Submitted
Has construction started? _____ YES _____ NO Estimated/actual start date: _____/_____/_____
Finish date: _____/_____/_____ How long will you need the loan?: ________ months
Describe improvements made to date: _________________________________________________________
Amount spent on improvements to date:________________________ (attach Summary of Improvements)
Cash paid for work competed: $____________________ Loan Amount Requested: ____________________
Total hard costs of construction (not incl. land): $____________ Market Value when complete: $____________
How much do you have available to contribute to the project? Cash $___________ Credit $____________
I/We certify that the
X ______________________________________ X ________________________________________
Borrower Date Co-Borrower Date
