NEW CONSTRUCTION FINANCING PROGRAM
|
|
- Brett Hopkins
- 8 years ago
- Views:
Transcription
1 NEW CONSTRUCTION FINANCING PROGRAM Program Guide The is an Equal Housing Opportunity Lender
2 I. Program Purpose The New Construction Financing Program (the Program ) encourages WV licensed home builders and modular home dealerships ( Eligible Builders ) to build single-family homes for sale to the public at a price not to exceed the Fund s current Mortgage Revenue Bond Program house price limits (the MRB Limit ). The MRB Limit can be found on our website at The total price of the house, including all improvements, must not exceed the MRB Limit. The Program may provide financing for both land acquisition and construction. II. Eligible Builders Eligible Builders include licensed home builders and modular home dealerships. Applicants must be licensed by and in good standing with the State of West Virginia. All contractors and subcontractors must have the appropriate licensure and classification to build residential homes and must provide a copy of their contractor s license issued by the West Virginia Division of Labor - Contractor's Licensing Division. Applicants must also provide evidence of a Builders Risk Insurance Policy that includes property and liability coverage and Worker's Compensation and Unemployment coverage, if applicable. The Fund will verify the Applicant s status at to ensure the Applicant is not in default with unemployment payments. Eligible Builders will have acceptable personal and business credit profiles, acceptable debt coverage ratios and may be asked to personally guarantee each loan. The property location, market and other appraisal review completed during underwriting and must be acceptable to the Fund. Initially, Eligible Builders are eligible for up to two Program loans. After Eligible Builder s initial loans are paid in full, the Eligible Builder may be permitted to apply for up to four (4) loans. No more than four (4) loans to one Eligible Builder will be allowed at any given time. Any loan default shall exclude Eligible Builder from future program participation. Applicant must comply with Fund s Multi-family Lending Policy which can be found at The Eligible Builders will be responsible for advertising and all other marketing of the spec home in order to pursue a timely sale. The Eligible Builders must provide the Fund with their marketing plan at the time of application and evidence throughout the loan term of compliance with the plan.
3 III. Loan Terms 1) The loan term will be 15 months. At its option, the Fund may extend the loan if circumstances so warrant. 2) The interest rate on the loan will be prime plus.5% or 1% as set forth below, and will be fixed for the term of the loan. if the appraised price is less than $200,000 the interest rate will be prime plus.5%. if the appraised price is equal to or greater than $200,000 the interest rate will be prime plus 1%. 3) All principal and interest are payable upon the earlier of sale of the property or loan maturity. 4) The loan may be prepaid at any time without penalty. 5) A non-refundable application fee of $500 is due with the Program application. 6) The Fund will require a first lien on the property and an assignment of the construction contract. 7) A financing fee of 1% of the loan amount is payable at loan closing. This fee may be included in the Program loan amount provided it does not cause the loan amount to exceed the 80% loan to value ratio. 8) The loan amount shall not exceed 80% of the preconstruction appraised value of the house as constructed, including any land cost. 9) Construction must not begin until after closing. 10) Eligible Builders must provide a 1 year builder s warranty. 11) A title insurance policy will be required in the amount of the program loan at closing.
4 IV. Lot Requirements Prior to any loan approval, a site review will be conducted by the Fund s Staff. This review will assess area conditions and any necessary site preparation, water, sewer, gas and electric hook-ups, and evaluate the location where the improvements will be placed on the lot. Consideration will be given to the appearance of surrounding properties and the affect of the location on the marketability of the completed home. Lots must meet the following requirements: 1) Must be graded to prevent ponding water and poor drainage. 2) The entire parcel must be located out of the 100-year flood plain. 3) Lots must have access to all utilities. Well water supply and septic disposal systems are acceptable. 4) Must not exceed 5 acres. 5) Must be properly zoned for single family residential housing if in a zoned area. 6) Must not have been raised with improper fill materials or uncontrolled fill. 7) Must be free from all encroachments, rights-of-way, easements, liens and other encumbrances not permitted by the Fund s single-family lending programs. 8) Access to the lot must be by an all-weather road passable for vehicles of all types during all seasons of the year with minimum base width of 9 0. This includes heavy rain and heavy snow. The road shall be positively crowned or sloped to prevent water ponding on the road surface. A road that floods or crosses a stream is not acceptable. 9) If the road is not publicly owned and maintained, an active Homeowners Association responsible for road maintenance or a valid road maintenance agreement signed by a majority of the property owners must be in place. 10) A Driveway Encroachment Permit is required by the WV Department of Transportation if a new driveway is being constructed to access a publicly owned road. Information regarding permits can be obtained at
5 V. House Requirements Homes financed by the Program must be designed and constructed to meet all applicable current State and local building and fire codes. All work must be completed per the approved plans and specifications with all applicable permits. If located within a subdivision, the lot and the home must comply with subdivision and covenant restrictions. No changes to the house plans or specifications can be made after closing without prior written approval by the Fund. VI. Inspections The Fund will monitor construction progress, compliance with plans and specs, and quality of workmanship by conducting on-site inspections of the home throughout the construction period. All inspections will be coordinated by the Fund and performed by Fund staff. Inspection requests must be submitted electronically by on the required forms. Any inspection request that is made when the work is not complete for that particular stage will result in payment delays and a re-inspection fee of $150. The Eligible Builder will be responsible for coordinating inspections with the local code compliance enforcement officers in areas with active code enforcement to obtain all other local approvals.
6 VII. Disbursement and Construction Draw Schedule Options Draw Schedule Land Acquisition and Construction of Stick Built Home Land Acquisition and Modular Home Closing Disbursement for land acquisition, if applicable, will be made at the time of closing and will be subject to 5% retainage Disbursement for land acquisition, if applicable, will be made at the time of closing and will be subject to 5% retainage First Draw Second Draw Third and Final Draw Disbursed after the footer /foundation inspection After the open wall inspection. After the final inspection of the home. During this final inspection, the house must be 100% complete. Disbursed when the unit is ordered. After the footer/foundation inspection After the unit is set and dried in. The fourth and final draw will be during the final inspection. All disbursements and draws will be subject to a 5% retainage, which will be held until the Fund agrees that retainage can be released after the final inspection/draw. Complete draw requests will be processed within ten (10) business days from receipt. The second, third and fourth draws must include a waiver of liens form signed by all contractors, subcontractors and/or vendors requesting payment from that particular draw. The last draw will require a notarized Affidavit of Payment and Release of Liens from the builder stating all vendors and subcontractors if applicable, have been paid in full. A Certificate of Occupancy will be required upon completion if mandated by local authority.
7 VIII. Disclaimers Deviations from Program requirements are subject to Board approval. The Fund reserves the right to share Program Loan information with other entities providing funding to the same project. The Fund reserves the right to accept or reject any application. The applicant shall not discriminate on the basis of race, religion, color, national origin, sex, disability, familial status or any other basis prohibited by law in the sale or lease or other use or disposition of the property or related facilities covered by funding provided by or through the Fund. In addition, discrimination against any employee or applicant for employment on the basis of race, religion, color, national origin, sex, disability, age (40 and above) or any other basis prohibited by law will not be permitted by a contractor or subcontractor engaged to perform any work on any project financed by or through the Fund. Program requirements may be changed by the Fund without notice. Other requirements and/or limitations may apply. Application Period Program applications are accepted at any time. However, funds are limited and the Program may be withdrawn by the Fund at any time. Funds are reserved for projects on a first come first served basis. No funds will be reserved until a complete Application is received. Please see the Application and list of documents required. The Fund will honor all outstanding commitments if the Program is withdrawn.
8 To apply, contact the appropriate Area Manager for your County as listed below.
9 EXHIBIT A NEW CONSTRUCTION FINANCING PROGRAM APPLICATION Name of Applicant: Address: City: County: State: Zip: Contractor s License #: Office Phone and Fax #: Cell Phone #: Address: Contact Individual(s): PROPOSAL DESCRIPTION Property Address: Size of Parcel: (acres/sq. ft.) City: County: State: Zip: Land Control: Do you own the land? Yes No Original Land Purchase Price $ Year Purchased Current Land Value $ OR Is the land under contract or option? Yes No Contract or Purchase Price $ Listed Price Number of homes you intend to construct on this parcel: Type of construction: Stick Built Modular
10 Construction Cost of Home $ Square Foot Size of Home Total Cost of Project $ Anticipated Sales Price of the Home $ Describe your marketing strategy for the homes you intend to construct: Timing Activity Budget Applicant will be responsible for procuring, all permits and licenses required on the project and for paying any and all fees or assessments which are or may be required to build the home. Copies of these documents are to be submitted to the Fund prior to loan closing and the start of construction. I hereby certify that I have read the New Construction Program Financing Guide and understand the New Construction Financing Program requirements, and that all homes must be built in accordance with the plans and specifications attached hereto and the codes and regulations described in the New Construction Financing Program Guide. Signature of Applicant Date
11 EXHIBIT B DOCUMENT CHECKLIST DOCUMENT CHECKLIST Applicant submits with application Application 1. Application Fee of $ Copy of Driver s License 3. Authorization to Release Information 4. Personal Financial Statement dated within a year from the date submitted to the Fund years personal tax returns dated within a year from the date submitted to the Fund years business tax returns with all schedules and pages, signed and dated (must include income statement, statement of cash flows and balance sheet) dated within a year from the date submitted to the Fund. 7. Itemized list of debt service and terms for the company dated within a year from the date submitted to the Fund. 8. Organizational Documents 9. Copy of Current West Virginia Contractor s License 10. Declaration page evidencing worker s compensation coverage if applicable or letter of exemption 11. Copy of current resume or experience and references 12. Marketing material: A full description of marketing plans, sample advertisement, sales price expectations, competing properties in the area, contact information for sales representatives 13. Site location map CLEARLY locating the site
12 14. Copy of the recorded property deed (must include property description), purchase agreement or option to purchase 15. Copy of the most recent property tax bill/receipt 16. Copy of title opinion or title insurance (if applicable) 17. Copy of Deed of Trust (if applicable) 18. Site Plan for proposed home showing proposed site drainage detail and 100-year flood elevation after home is built (2 sets required) 19. Evidence that all public utilities and telephone service is available: Water, Sewage, Electric, Gas, and Telephone 19a. If no public water and sewage is available submit the following: Water well supply approval permit from appropriate local authority Septic disposal system approval permit from appropriate local authority 20. Subdivision restrictive covenants (if applicable) 21. Road maintenance agreement if road is not publicly maintained 22. Survey by a Licensed Surveyor that shows: 1. Meets and bounds/boundary lines 2. House setback lines 3. Existing and proposed drainage detail and slopes 4. Legal description 5. Floodplain information to include 100 year flood elevation after the home is built 6. Site Plan of the proposed home 23. House/floor plans, 2 sets required (electronic plans are acceptable) 24. Specifications/description of materials (HUD Form [10/84] or equivalent RD Form may be used), 2 sets required 25. Itemized construction budget (Prefer HUD Form Project Cost Estimate) 26. Acknowledgement of any pre-paid construction costs, along with receipts
13 1. Building permits Applicant submits after approval and before construction begins 2. Driveway encroachment permit from WVDOH (if applicable), septic approval, water well permit 3. Builders Risk Insurance Policy that includes property and liability coverage 4. Pre-Construction or as complete Appraisal (ordered by WVHDF). 5. Certification of Appraised value (ordered by WVHDF) How is this different than the above appraisal? Are you saying you want an appraisal before and after the construction? 6. Final Electrical Inspection 7. The Fund s Final Inspection Report and Approval (completed by WVHDF) 8. Local Government Final Inspection and/or Certificate of Occupancy Defer to legal for complete list Closing Documents
14 EXHIBIT C AUTHORIZATION TO RELEASE INFORMATION Project/Property Name: Project/Property Address: To Whom It May Concern: has/have applied for a Loan from the (the Fund ). As part of the application process the Fund may verify information contained in the loan application and in other documents required in connection with the loan, either before the loan is closed or as part of its quality control program. The undersigned authorizes you to provide to the Fund any and all information and documentation that it requests regarding the undersigned entities and/or individuals. Such information includes, but is not limited to, employment history and income; bank, money market, and similar account balance(s); credit history; and copies of income tax returns. The Fund may address this authorization to any party named in the loan application. A copy of this authorization may be accepted as an original. Signature Date Printed Name Social Security Number Business Name (if Borrower is a business) By: Title: FEIN Date
15 EXHIBIT D CONSTRUCTION AGREEMENT Legal Department will need to prepare
16 EXHIBIT E LEGAL DESCRIPTION OF PROPERTY
17 EXHIBIT F DWELLING PLANS AND SPECIFICATIONS Please insert the Dwelling Plans (HUD Form or equivalent RD Form), and a complete set of construction drawings, site grading and drainage plans.
18 EXHIBIT G CONSTRUCTION BUDGET
19 EXHIBIT G CONSTRUCTION BUDGET (CONTINUED)
20 EXHIBIT H REQUEST FOR DISBURSEMENT/DRAW FORM
21 EXHIBIT I MARKETING PLAN
22 EXHIBIT J CLOSING DOCUMENTS Legal Department will need to prepare
23 EXHIBIT K BUILDER S WARRANTY & CERTIFICATE Name and Address of Property Owner: (Location of Property): 5710 MacCorkle Avenue, SE Charleston, WV For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned Warrantor hereby warrants and certifies to the Owner identified above and to their successors or transferees, all of whom are hereinafter referred to as Owner, that: The structure and improvements, including appurtenances, located on the property identified above (the Home ) is constructed or improved in substantial conformity with the drawings and specifications, and any applicable INTERNATIONAL RESIDENTIAL CODES, LOCAL CODES AND ORDINANCES, State health and environmental laws and regulations and applicable subdivision requirements. The Home has been inspected by our trained personnel and, where required, by the building department of the area in which it is situated. This Warranty applies to all workmanship, materials, and the installation of systems and equipment (including, but not limited to, the heating system, water heater, ranges and refrigerator, plumbing, electrical, and septic system if installed). The Owner shall give written notice to the Warrantor, at the address given below, promptly after the discovery of any defective condition in the Home. Such written notice must be given to the Warrantor during the period of Warranty. THE PERIOD OF WARRANTY SHALL BE ONE YEAR FROM THE DATE OF INITIAL PURCHASE OF THE COMPLETED HOME BY THE OWNER. THIS WARRANTY SHALL BE EXTENDED FOR AN ADDITIONAL ONE- YEAR PERIOD FROM THE DATE THE HOME IS SOLD BY THE OWNER TO A THIRD PARTY, PROVIDED, HOWEVER, IN NO EVENT SHALL THE WARRANTY EXCEED TWO YEARS FROM THE DATE THE HOME IS SOLD TO THE OWNER. It is agreed and understood that this Warranty shall apply only to those defective conditions of which the Warrantor has been given written notice during the initial period of Warranty and any extension period of Warranty.
24 Warrantor further agrees that it will take all necessary actions to correct such defective conditions within thirty (30) days of receipt of written notice. If such action is not taken within thirty days, the Owner may, at its option, contract with another party for the correction of the defects. If said defects constitute an emergency and Warrantor has received notice of said emergency and does not resolve said condition(s) within 48 hours of receipt of said notice of emergency, then the Owner may, at its option, contract with another party for the correction of the defects. Warrantor agrees to pay all expenses incurred by the Owner to correct defects covered by this Warranty. This Warranty shall be in addition to, and in no way reduce, all other rights and privileges that the Owner may have in law or in equity or under any other instrument, and shall be binding on the Warrantor, its permitted successors and assigns notwithstanding any provision to the contrary contained in the contract of purchase or any other instrument executed by the Owner. This Warranty is executed, in part, for the purpose of inducing the Owner to purchase the Home, and is assignable by and enforceable by the Owner. In the case of a sale of the Home by the Owner to a third party, this Warranty will extend to the third party occupants of the Home and their successors or transferees as provided above. Failure of the Warrantor to comply with the provisions of this Warranty may result in Warrantor s suspension and disqualification from future participation in any program administered by or through the Owner, as well as allow the Owner to seek full remedies against the Warrantor. If this is signed by anyone other than the Warrantor, the person signing for the Warrantor represents and certifies that he is authorized to execute same by the Warrantor and by his signature the Warrantor is bound under the terms and conditions of this Warranty. IN WITNESS WHEREOF, the Warrantor has signed this Warranty this of,. day Warrantor s Signature and Title (SEAL) Warrantor s Address Warrantor s Contractor s License Number Date:
EASTTOWN TOWNSHIP CHESTER COUNTY, PENNSYLVANIA APPLICATION FOR ZONING PERMIT
09/15/2015 EASTTOWN TOWNSHIP CHESTER COUNTY, PENNSYLVANIA APPLICATION FOR ZONING PERMIT 566 Beaumont Road Devon, PA 19333 610-687-3000 610-687-9666 (Fax) PART I INSTRUCTIONS Review Chapter 274 Natural
More informationCONSTRUCTION AND PERMANENT LOAN FINANCING TERM SHEET
CONSTRUCTION AND PERMANENT LOAN FINANCING TERM SHEET This Term Sheet is to be utilized for disclosure of possible terms and conditions only. This is not to be construed as a commitment to lend. Terms and
More information[LENDER] CONSTRUCTION LOAN AGREEMENT
[LENDER] CONSTRUCTION LOAN AGREEMENT THIS IS A MODEL DOCUMENT FOR USE IN HOMESTYLE LOAN TRANSACTIONS. THIS FORM IS PROVIDED AS AN EXAMPLE AND IS NOT VALID AND ENFORCEABLE IN ALL JURISDICTIONS. LENDERS
More informationBuilding a Good Construction Loan Agreement Presented by Laura S. Peck 608.283.6729 lpeck@axley.com
BUILDING A GOOD CONSTRUCTION LOAN AGREEMENT July 29, 2014 This document was drafted for presentation purposes only. Before relying on legal information of a general nature, please consult legal counsel
More informationPURCHASE AGREEMENT. 1.0 - SELLER(S): Marital Status: Current Address: Home Phone: Work Phone: Cell Phone: Alternate Phone:
PURCHASE AGREEMENT 1.0 - SELLER(S): Marital Status: Current Address: Home Phone: Work Phone: Cell Phone: Alternate Phone: 1.1 - BUYER(S): Marital Status: Current Address: Home Phone: Work Phone: Cell Phone:
More informationMODULAR HOME PURCHASE & CONSTRUCTION AGREEMENT
This document has been prepared as an aid to retailers selling a modular home for placement on the customer s land. We would like to remind you this is a general form and will need to be amended to fit
More informationDREW MORTGAGE ASSOCIATES CUSTOMER IDENTIFICATION FORM
DREW MORTGAGE ASSOCIATES CUSTOMER IDENTIFICATION FORM Complete the required information for Borrower and each Co-Borrower. (Place completed form with the Loan File.) LOAN NUMBER: BORROWER NAME: Borrower
More informationRURAL DEVELOPMENT - MANUFACTURED HOUSING FACT SHEET
- MANUFACTURED HOUSING FACT SHEET Fact Sheet to assist Applicants & Prospective Packagers in preparing a satisfactory Loan Application Package. Summary of Requirements for Section 502 RH Loans on Manufactured
More informationROSEAU EDA REVOLVING LOAN FUND LENDING GUIDELINES (CITY/USDA FUNDS)
ROSEAU EDA REVOLVING LOAN FUND LENDING GUIDELINES (CITY/USDA FUNDS) Background I. Eligible Borrowers A. Existing and potential start-up businesses, located in the city limits of Roseau, who can demonstrate
More informationGreater Chestertown Initiative Revolving Loan Application Open for Business in Chestertown
Greater Chestertown Initiative Revolving Loan Application Open for Business in Chestertown The Greater Chestertown Initiative (GCI) Revolving Loan Fund was established by the GCI and SFW Foundation to
More information203K CONTRACTOR DOC REQUIREMENTS
203K CONTRACTOR DOC REQUIREMENTS CONTRACTOR REQUIREMENTS: Contractor's Resume/Contractor Profile Report Copy of Contractor Liability Insurance Evidence of Contractor License & Contractor Bonding(if required
More informationCOMMUNITY ACQUISITION REHABILITATION LOAN CARL CARL TERM SHEET AND GUIDELINES
COMMUNITY ACQUISITION REHABILITATION LOAN I. PROGRAM OBJECTIVE CARL CARL TERM SHEET AND GUIDELINES URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH PITTSBURGH COMMUNITY REINVESTMENT GROUP The main objective
More informationSECTION 4 REHABILITATION MORTGAGES 203(k) Standard & 203(k) Limited
SECTION 4 REHABILITATION MORTGAGES 203(k) Standard & 203(k) Limited 4.1 Program Descriptions 4.2 Borrower Eligibility 4.3 Property Eligibility 4.4 Principal Residence Requirement 4.5 Rehabilitation Loan
More informationIMPORTANT: PLEASE READ THE INFORMATION BELOW
3-7 Day Processing IMPORTANT: PLEASE READ THE INFORMATION BELOW COMMERCIAL CREDIT APPLICATION CORLISS RESOURCES, INC. PO BOX 487 SUMNER, WA 98390 PHONE: 253-826-8014 FAX: 253-501-1622 Listed below are
More informationHATFIELD TOWNSHIP DEMOLITION PERMIT APPLICATION PROCEDURES
HATFIELD TOWNSHIP DEMOLITION PERMIT APPLICATION PROCEDURES A demolition permit is required for complete demolition of residential or non-residential structures. PART I Location of Property Complete address
More informationCity of Douglas Commercial Building Permit Site Application
City of Douglas Commercial Building Permit Site Application *Complete the following information including a complete site plan and floor plan. *Incomplete information may result in delay and/or rejection
More informationStormwater Treatment Facility Maintenance Agreement
Stormwater Treatment Facility Maintenance Agreement This Agreement made and entered into this day of, 20, by, (hereinafter referred to as Property Owner") RECITALS: WHEREAS, the Property Owner is the owner
More informationCity of Miramar Building Division
Concrete Slab, Driveway & Pavers Application Package Who Can Apply (A or B) A. Licensed Contractors for Residential Permit can be issued to Licensed Contractors properly registered in the Community Development
More information(LABOR HOUSING LOAN AND GRANT TO A NONPROFIT CORPORATION)
Form RD 3560-41 ` FORM APPROVED (02-05) OMB NO 0575-0189 (LABOR HOUSING LOAN AND GRANT TO A NONPROFIT CORPORATION) LOAN AND GRANT RESOLUTION OF, 20 RESOLUTION OF THE BOARD OF DIRECTORS OF PROVIDING FOR
More informationNON-RESIDENTIAL BUILDING PERMIT PROCEDURES
TOWAMENCIN TOWNSHIP NON-RESIDENTIAL BUILDING PERMIT PROCEDURES PART I Location of Property Address, Zoning District, Parcel Number and Lot & Block must be provided on all applications. PARTS II thru VIII
More informationContract for the Sale of Motor Vehicle Owner Financed with Provisions for Note and Security Agreement
Contract for the Sale of Motor Vehicle Owner Financed with Provisions for Note and Security Agreement Agreement made on the (date), between (Name of Buyer) of (street address, city, county, state, zip
More informationTRANSFORMATION HOME LOAN 2016 Application Package
TRANSFORMATION HOME LOAN 2016 Application Package Program Description A home transformation means a major home remodel, increasing its livable space and its value. Residents who enjoy their neighborhood,
More informationPROPERTY MANAGEMENT CONTRACT
P.O. Box 379 Office: 410-838-0355 Bel Air, MD 21014 Fax: 410-838-4513 www.bmaadvantage.com Finding Opportunities to Make a Difference PROPERTY MANAGEMENT CONTRACT In consideration of the covenants contained
More informationDEFERRED LOAN CLOSING COST ASSISTANCE GRANT AND MORTGAGE CREDIT CERTIFICATE PROGRAMS LENDER PARTICIPATION AGREEMENT
THIS AGREEMENT ( Agreement ) is made and entered into this day of, 20, by and between the San Diego Housing Commission, a public agency, ( SDHC ), and a ( Lender ). RECITALS A. SDHC has implemented a Closing
More information1. LOAN TERMS 2. BORROWER INFORMATION
1. LOAN TERMS Loan Amount Requested Loan Amortization Requested years (25 year maximum) Type of Loan Requested (Select One) 1-Year Adjustable Rate 5-Year Adjustable Rate 3-Year Adjustable Rate 2. BORROWER
More informationRental Rehabilitation Loan Program
Rental Rehabilitation Loan Program Program Information The purpose of the Rental Rehabilitation Loan Program is to provide owners of affordable rental housing in Dakota County with a financial tool to
More informationUNITED STATES VIRGIN ISLANDS TAX INCREMENT FINANCING PROGRAM
UNITED STATES VIRGIN ISLANDS TAX INCREMENT FINANCING PROGRAM The Virgin Islands Economic Development Authority Application Tax Increment Financing Overview Government Mandate: It is the policy of the Government
More informationTHIS AGREEMENT OF SALE
AGREEMENT OF SALE THIS AGREEMENT OF SALE (the Agreement ), made as of this day of, 2011, by Hampton Redevelopment & Housing Authority, a political subdivision of the Commonwealth of Virginia, (the "Seller
More informationWEST VIRGINIA CONTRACTOR LICENSING BOARD
WEST VIRGINIA CONTRACTOR LICENSING BOARD CONTRACTOR LICENSE APPLICATION / AFFIDAVIT This application is to be used when applying for a license to perform contracting work in the State of West Virginia.
More informationWords to Know When Buying a Home
Words to Know When Buying a Home Adjustable mortgage interest rate: With an adjustable rate, both the interest rate and the mortgage payment vary, based on market conditions. Amortization: Length of time
More informationCity of Morro Bay Building Division 955 Shasta Ave., Morro Bay, CA 93442-1900, 805-772-6261
City of Morro Bay Building Division 955 Shasta Ave., Morro Bay, CA 93442-1900, 805-772-6261 BUILDING PERMIT APPLICATION Permit No. Type Date Project Address Parcel No. Lot Block Tract Project Description:
More informationPolicy No.: 20-07-HI-H- AMERICAN LAND TITLE ASSOCIATION HOMEOWNER S POLICY OF TITLE INSURANCE FOR A ONE-TO-FOUR FAMILY RESIDENCE
Policy No.: 20-07-HI-H- AMERICAN LAND TITLE ASSOCIATION HOMEOWNER S POLICY OF TITLE INSURANCE FOR A ONE-TO-FOUR FAMILY RESIDENCE Owner s Information Sheet Your Title Insurance Policy is a legal contract
More informationThe Florist Credit Union:
The Florist Federal Credit Union BUSINESS LOAN APPLICATION I. GENERAL INFORMATION Applicants Name / Borrower (individual business owner or business name): Tax ID Number: Mailing Address: Contact Person:
More informationCOMMERCIAL LOAN APPLICATION
COMMERCIAL LOAN APPLICATION Thank you for considering Enterprise National Bank N.J. for your commercial loan needs. This application along with other information you supply will provide us with the information
More informationHow To Build A House
CONTRACT TO BUILD A HOUSE AT I. Contract Parties Now comes (builder s name) (address) and (buyer s name) (address) to hereby agree to build a house on property located at (common address) and legally described
More informationHome Equity Conversion Mortgage (Reverse Mortgage) This Mortgage ("Security Instrument") is given on (date). The Mortgagor is (Name), of
Home Equity Conversion Mortgage (Reverse Mortgage) This Mortgage ("Security Instrument") is given on (date). The Mortgagor is (Name), of (street address, city, county, state, zip code), hereafter called
More informationPROGRAM ADMINISTERD BY THE VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION (VBCDC) ON BEHALF OF THE CITY OF VIRGINIA BEACH
CITY OF VIRGINIA BEACH DEPARTMENT OF HOUSING AND NEIGHBORHOOD PRESERVATION EMERGENCY REHABILITATION PROGRAM CDBG PROGRAM YEAR FUNDS 2013-2014 PROGRAM ADMINISTERD BY THE VIRGINIA BEACH COMMUNITY DEVELOPMENT
More informationREMODELING CONTRACT., remodeling contractor, whose address is, to on the property located at.
REMODELING CONTRACT I. Parties This contract is made and entered into on and specifies the terms the agreement between, homeowners, and, remodeling contractor, whose address is, to on the property located
More informationTitle/Settlement Agent Application
Title/Settlement Agent Application Completed Forms MUST be returned to Live Well Financial, Inc.: Email: counterpartyapproval@livewellfinancial.com *This application to be returned to above email address
More informationIC 24-9-3 Chapter 3. Prohibited Lending Practices Generally
IC 24-9-3 Chapter 3. Prohibited Lending Practices Generally IC 24-9-3-0.1 Chapter not applicable to loans made before January 1, 2005 Sec. 0.1. Notwithstanding the addition of this chapter and IC 24-9-4
More informationTHIS REAL ESTATE DONATION AGREEMENT ("Agreement") dated this day of, 20, by and between the Commonwealth of Virginia, ("Donee") and ("Donor").
REAL ESTATE DONATION AGREEMENT THIS REAL ESTATE DONATION AGREEMENT ("Agreement") dated this day of, 20, by and between the Commonwealth of Virginia, ("Donee") and ("Donor"). For and in consideration of
More information2 Be it enacted by the People of the State of Illinois, 4 Section 1. Short title. This Act may be cited as the
SB49 Enrolled LRB9201970MWcd 1 AN ACT concerning home mortgages. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 1. Short title. This Act may be
More information(House and Land) Approved by the Nova Scotia Real Estate Commission for use by Industry Members under the Real Estate Trading Act.
AGREEMENT OF PURCHASE & SALE FOR TURN KEY NEW CONSTRUCTION (House and Land) Approved by the Nova Scotia Real Estate Commission for use by Industry Members under the Real Estate Trading Act The Buyer of
More informationNJ Enhanced Residential Owner s Policy (1-14)
NJ Enhanced Residential Owner s Policy (1-14) Chicago Title Insurance Company Chicago Title Insurance Company HOMEOWNER S POLICY OF TITLE INSURANCE FOR A ONE-TO-FOUR FAMILY RESIDENCE OWNER S INFORMATION
More informationResidential Rehabilitation Loan Program Guidelines
Residential Rehabilitation Loan Program Guidelines City of Middletown Department of Planning, Conservation and Development Community Development Division February 1999 Table of Contents Purpose 1 General
More informationChapter 25 Utah Residential Rehabilitation Act
Chapter 25 Utah Residential Rehabilitation Act 11-25-1 Short title. This act shall be known and may be cited as the "Utah Residential Rehabilitation Act." 11-25-2 Legislative findings -- Liberal construction.
More informationReal Estate Finance: Missouri Mark Murray, Armstrong Teasdale LLP
Real Estate Finance: Missouri Mark Murray, Armstrong Teasdale LLP This Article is published by Practical Law Company on its PLC Law Department web service at http://us.practicallaw.com/3-500-4162. A Q&A
More informationCHICAGO TITLE INSURANCE COMPANY LOAN POLICY SCHEDULE A
LOAN POLICY SCHEDULE A POLICY NUMBER 72307-555555 Agent File No. : 55-555555 Lender Loan No. : 55-55555555 DATE OF POLICY AMOUNT OF INSURANCE $250,000.00 1. Name of Insured: Bank of America and/or its
More informationANNUAL SUBCONTRACTOR AGREEMENT. THIS AGREEMENT is made on, 200, between <>, a Minnesota corporation ( Contractor ) and ( Subcontractor ).
ANNUAL SUBCONTRACTOR AGREEMENT THIS AGREEMENT is made on, 200, between , a Minnesota corporation ( Contractor ) and ( Subcontractor ). RECITALS WHEREAS, Contractor and Subcontractor wish to engage in
More informationMake sure your builder is registered.
Marylanders purchase more than 10,000 new homes each year. The purchase of a new home is protected by Maryland law. Understanding your rights and responsibilities as a new home buyer protects your investment
More informationPURCHASE ORDER TERMS AND CONDITIONS
PURCHASE ORDER TERMS AND CONDITIONS This purchase order is subject to the following terms and conditions. The terms and conditions herein set forth constitute an offer by Purchaser and may be accepted
More information4 FOREIGN LEASE OWNERS RESIDING OUTSIDE OF
The Lease Owner s Advisory is a resource provided by the Arizona Association of REALTORS Residential Rentals are required to comply with the Arizona Residential Landlord/Tenant Act: http://www.azhousing.gov/azcms/uploads/publications/landlord%20tenant%20act%20-12-31-12.pdf
More informationYear 2015 Contractor License Packet
NEW CASTLE COUNTY Year 2015 Contractor License Packet FOR PERMIT CONTRACTOR ENDORSEMENT HOLDERS DEPARTMENT OF LAND USE 87 READS WAY, NEW CASTLE, DE 19720 PHONE: 302-395-5420 WWW.NCCDELU.ORG Building Contractors:
More information(Space Above This Line For Recording Data) SECOND MORTGAGE
This document was prepared by: When recorded, please return to: Illinois Housing Development Authority 401 N. Michigan Avenue, Suite 700 Chicago, IL 60611 Attn: Home Ownership Programs (Space Above This
More informationReverse Mortgage Specialist
ADVISOR/LENDER APPLICANT ASSISTANCE AGREEMENT This ADVISOR/LENDER APPLICANT ASSISTANCE AGREEMENT (the Agreement ) is made this day of, 200_ by and between Oaktree Funding Corporation, a California Corporation
More informationDream It. FInance It. BuIlD It.
Dream It. FInance It. BuIlD It. Construction loans designed to your specifications You ve got You ve US! got US! Banking Loans Investments Tax & Payroll Insurance CONSTRUCTION/PERMANENT MORTGAGE PROGRAM
More informationSelf-Help Public Charter School Loan Application
Self-Help Public Charter School Loan Application Thank you for your interest in Self-Help. We have been a charter school lender since 1997 and look forward to using our experience to serve your school.
More informationCITY OF PASSAIC DEPARTMENT OF COMMUNITY DEVELOPMENT 330 PASSAIC STREET PASSAIC, NEW JERSEY 07055
CASE NUMBER enter number (office use only) CITY OF PASSAIC DEPARTMENT OF COMMUNITY DEVELOPMENT 330 PASSAIC STREET PASSAIC, NEW JERSEY 07055 FIRST TIME HOMEBUYER ASSISTANCE PROGRAM AGREEMENT HUD # APPLICANT
More informationAPPLICATION FOR EMERGENCY RESIDENTIAL REHABILITATION ASSISTANCE
APPLICATION FOR EMERGENCY RESIDENTIAL REHABILITATION ASSISTANCE Office of Housing and Neighborhood Development Keefe Community Center, 11 Pine Street, Hamden, Connecticut 06514-4924 Telephone (203) 776-5978
More informationSPECIAL CONDITIONS. Sub-recipient: Contract Number: APPLICABLE TO ALL LONG TERM WORKFORCE HOUSING PROJECTS
Special Conditions SPECIAL CONDITIONS Sub-recipient: Contract Number: APPLICABLE TO ALL LONG TERM WORKFORCE HOUSING PROJECTS I. CONDITIONS THAT REQUIRE WRITTEN CLEARANCE FROM THE DISASTER RECOVERY DIVISION
More informationArticle 1 - Definitions
FHA Case No. HOME EQUITY CONVERSION MORTGAGE ADJUSTABLE RATE LOAN AGREEMENT THIS AGREEMENT is made this day of ( Borrower ) and ( Lender )., 20, among Article 1 - Definitions 1.1. Borrower is defined above.
More informationBusiness Credit Application
Business Credit Application (Please type or print all information. Answers requiring additional space submitted on separate pages.) Firm Name: Firm Address: Firm Telephone: Firm Web Site URL: Email: EIN/Tax
More informationHouseCharlotte Homeowner Assistance Loan Submission City of Charlotte Housing Subsidy Program
HouseCharlotte Homeowner Assistance Loan Submission City of Charlotte Housing Subsidy Program Please fill in all information completely Date: Lender Name: Lender Address: Contact Name(s): Phone Number:
More informationREQUIREMENTS FOR OBTAINING A THORNBURY TOWNSHIP, DELAWARE COUNTY PERMIT
REQUIREMENTS FOR OBTAINING A THORNBURY TOWNSHIP, DELAWARE COUNTY PERMIT ATTACHED ARE THE REQUIREMENTS FOR OBTAINING A BUILDING PERMIT INCOMPLETE SUBMISSIONS WILL BE RETURNED IN THEIR ENTIRETY -- NO EXCEPTIONS!!
More informationMortgage Loan Information
Mortgage Loan Information Thank you for expressing an interest in your Credit Union s Mortgage loan programs. We look forward to being of service to you. Please take time to read over the following information
More informationCITY OF SHEBOYGAN COMMUNITY DEVELOPMENT BLOCK GRANT OWNER-INVESTOR REHABILITATION LOAN PROGRAM GUIDELINES AND APPLICATION
CITY OF SHEBOYGAN COMMUNITY DEVELOPMENT BLOCK GRANT OWNER-INVESTOR REHABILITATION LOAN PROGRAM 1 You must be the owner of the property to be rehabilitated. 2 The property must be located in the City of
More informationTEXAS HOME EQUITY AFFIDAVIT AND AGREEMENT (First Lien)
After Recording Please Return To: [Company Name] [Name of Natural Person] [Street Address] [City, State, Zip Code] [To Be Recorded With Security Instrument. Space Above This Line for Recording Data] TEXAS
More informationLENDER PARTICIPATION AGREEMENT. By and Between. RAYMOND JAMES & ASSOCIATES, INC., as Program Administrator. and., as Participating Lender
LENDER PARTICIPATION AGREEMENT By and Between RAYMOND JAMES & ASSOCIATES, INC., as Program Administrator and, as Participating Lender Made and entered into as of, 20 Table of Contents Page ARTICLE I DEFINITIONS
More informationBUYING A HOME. Looking for the Best Mortgage. Obtain Information from Several Lenders
OFFICE OF THE STAFF JUDGE ADVOCATE 48 TH FIGHTER WING, RAF LAKENHEATH, UK Looking for the Best Mortgage BUYING A HOME Shopping around for a home loan or mortgage will help you to get the best financing
More informationRevolving Loan Fund for Commercial Development Summary*
Owatonna Economic Development Authority (EDA) City of Owatonna Revolving Loan Fund for Commercial Development Summary* Program Purpose: How It Works: Project Eligibility: Minimum Requirements: Use of Funds:
More informationTOWN OF JUNO BEACH 340 Ocean Drive Juno Beach, FL 33408 Phone: (561) 656-0302 Fax: (561) 775-0812
TOWN OF JUNO BEACH 340 Ocean Drive Phone: (561) 656-0302 Fax: (561) 775-0812 Application for Building Permit & Certificate of Occupancy OFFICE USE ONLY: Date: Permit #: Tracking #: Job Address: Property
More informationSteps in the Construction Loan Process
Steps in the Construction Loan Process The following information is provided as a general guide to the construction loan process. For more specific information, please contact your lender and/or attorney.
More informationPERMIT APPLICATION FORM SELECT ALL THAT APPLY: BUILDING DRIVEWAY ELECTRICAL PLUMBING HEATING DEMOLITION SIGN MOBILE HOME
PERMIT # TOWN OF ASHLAND, NEW HAMPSHIRE 20 HIGHLAND STREET PO BOX 517 ASHLAND, NH 03217 603-968-4432 FAX 603-968-3776 www.ashland.nh.gov PERMIT APPLICATION FORM SELECT ALL THAT APPLY: BUILDING DRIVEWAY
More informationCENTERPOINT 504 NFP SBA SECTION 504, ASSISTANCE AGREEMENT
CENTERPOINT 504 NFP SBA SECTION 504, ASSISTANCE AGREEMENT AGREEMENT made this day of, 20 by and between CenterPoint 504, nfp, an Illinois nonprofit corporation and Certified Development Company ( CDC )
More informationSeller s Property Disclosure Statement. Property address: Seller:...
Seller s Property Disclosure Statement Property address: Seller:... A seller must disclose to a buyer all known material defects about property being sold that are not readily observable. This disclosure
More informationRequirement checklist to obtain a building permit for a: NEW SINGLE FAMILY DWELLING RESIDENTIAL ADDITION
Chambersburg Office: 405 Wayne Ave. Chambersburg, PA 17201 Phone: 717 496-4996 Bedford Office: 125 S. Richard Street, Suite 102, Bedford, PA 15522 Phone: 814 310-2326 Somerset Office: 318 Georgian Place,
More informationPhysical Address/Intersection: Name of Project: Within a NFIP 100/500yr Floodzone:
Choctaw Date Recorded: Permit # RESIDENTIAL - BUILDING Permit APPLICATION Physical Address/Intersection: Name of Project: Within a NFIP 100/500yr Floodzone: YES NO Sec., Township, Range/Subdivision: Acres/Block:
More informationWho Can Apply (A or B)
Community & Economic Development Dept. www.ci.miramar.fl.us Who Can Apply (A or B) CHANGE OF CONTRACTOR APPLICATION PACKAGE A. Licensed Contractors for Residential & Commercial Permit can be issued to
More informationAPPLICATION NUMBER MSC-20 PART I: The following information is optional and is used for statistical purposes only
APPLICATION FOR HOME IMPROVEMENT LOAN LEELANAU COUNTY HOUSING REHABILITATION PROGRAM EQUAL HOUSING OPPORTUNITY: BUSINESS CONDUCTED IN ACCORDANCE WITH THE FEDERAL FAIR HOUSING ACT OF 1988 FOR OFFICE USE
More informationCITY OF HUNTSVILLE, ALABAMA. DOWNPAYMENT ASSISTANCE PROGRAM - DAP Program Description & Guidelines
CITY OF HUNTSVILLE, ALABAMA DOWNPAYMENT ASSISTANCE PROGRAM - DAP Program Description & Guidelines Contact information: Community Development, 120 E. Holmes Ave, Huntsville, Ala. 35801, 256-427-5400, fax.
More informationCeres Unified School District INDEPENDENT CONTRACTOR AGREEMENT 2013-2014
Ceres Unified School District INDEPENDENT CONTRACTOR AGREEMENT 2013-2014 THIS CONTRACT is hereby entered into by the Ceres Unified School District, hereinafter referred to as DISTRICT, and CONTRACTOR MAILING
More informationMAINTENANCE AND PERFORMANCE BONDS
MAINTENANCE AND PERFORMANCE BONDS CITY OF AUSTELL MAINTENANCE BOND FOR SUBDIVISION KNOWN ALL MEN BY THESE PRESENTS, that Subdivider,, (hereinafter called the Principal), as Principal and, a corporation
More informationShed Application Package
City of Miramar Building Division Community & Economic Development Department 2200 Civic Center Place Miramar, Florida 33025 Tel: 954.602.3200 Fax: 954.602.3635 www.miramarfl.gov Shed Application Package
More informationSAMPLE BUY-SELL AGREEMENT Should be reviewed by an attorney familiar with the laws in your state before using for your business.
SAMPLE BUY-SELL AGREEMENT Should be reviewed by an attorney familiar with the laws in your state before using for your business. This Buy-Sell Agreement (this "Agreement") is made effective as of, between
More informationMODEL ADJUSTABLE RATE NOTE FORM (HOME EQUITY CONVERSION) ADJUSTABLE RATE NOTE
FHA Case No. [Date] [Property Address] MODEL ADJUSTABLE RATE NOTE FORM (HOME EQUITY CONVERSION) ADJUSTABLE RATE NOTE 1. DEFINITIONS Allonge means any Shared Appreciation Allonge executed by the Borrower
More informationTitle Insurance Commitment
Form No. 1343 ALTA Plain Language Commitment Title Insurance Commitment ISSUED BY Issued By AGREEMENT TO ISSUE POLICY We agree to issue policy to you according to the terms of the Commitment. When we show
More informationSTATE OF SOUTH CAROLINA RESIDENTIAL PROPERTY CONDITION DISCLOSURE STATEMENT
STATE OF SOUTH CAROLINA RESIDENTIAL PROPERTY CONDITION DISCLOSURE STATEMENT The South Carolina Code of Laws (Title 27, Chapter 50, Article 1) requires that an owner of residential real property (single
More informationMARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT SMALL PROCUREMENT CONTRACT (FOR CONTRACTS OF $25,000 OR LESS) [Insert Contract Name and No.
MARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT SMALL PROCUREMENT CONTRACT (FOR CONTRACTS OF $25,000 OR LESS) [Insert Contract Name and No.] THIS CONTRACT (the Contract ) is made as of the day
More informationPITTSBURGH DEVELOPMENT FUND (PDF)
PITTSBURGH DEVELOPMENT FUND (PDF) I. STATEMENT OF PURPOSE The Pittsburgh Development Fund (PDF) is designed to provide gap funding for small- to medium-sized real estate developments and fixed-asset lending.
More informationCity of Olathe Stormwater Treatment Facility Maintenance Agreement
City of Olathe Stormwater Treatment Facility Maintenance Agreement This Agreement made and entered into this day of, 20, by, (hereinafter referred to as Property Owner") and the City of Olathe, Kansas,
More informationASBESTOS/LEAD SURVEY AND CONSULTING AGREEMENT BY AND BETWEEN NEW YORK UNIVERSITY / NYU HOSPITALS CENTER - OWNER - AND - CONSULTANT - --------- PROJECT
APPENDIX A ASBESTOS/LEAD SURVEY AND CONSULTING AGREEMENT BY AND BETWEEN NEW YORK UNIVERSITY / NYU HOSPITALS CENTER - OWNER - AND - CONSULTANT - --------- PROJECT DATED AS OF ASBESTOS/LEAD SURVEY AND CONSULTING
More informationINSTRUCTIONS FOR APPLICATION FOR NEW DEALERSHIP
DIVISION OF MOTOR VEHICLES DEALERS LICENSE AND REGULATION OFFICE INSTRUCTIONS FOR APPLICATION FOR NEW DEALERSHIP Instructions for applicants in making first application for dealers license application
More informationDraft 12/23/04 XXXX FUNDING AGREEMENT BETWEEN XXXX. and CITY/TOWN TO SUPPORT AFFORDABLE HOUSING AT X HOUSE
Draft 12/23/04 XXXX FUNDING AGREEMENT BETWEEN XXXX. and CITY/TOWN TO SUPPORT AFFORDABLE HOUSING AT X HOUSE This AGREEMENT made as of, 2005 by and between XXXX, Incorporated, a not-forprofit corporation
More informationCITY OF AVENTURA PERMIT APPLICATION 19200 W Country Club Drive 4 th Floor Aventura, FL 33180 Tel (305) 466-8937 Fax (305) 466-8949
CITY OF AVENTURA PERMIT APPLICATION 19200 W Country Club Drive 4 th Floor Aventura, FL 33180 Tel (305) 466-8937 Fax (305) 466-8949 Permit #: Job Address: Unit #: Owner Information Address City State Zip
More informationBID BOND CITY OF EAST POINT, GEORGIA
BID BOND CITY OF EAST POINT, GEORGIA BIDDER (Name and Address): SURETY (Name and Address of Principal Place of Business): OWNER (hereinafter referred to as the City (Name and Address): City of East Point
More informationChicago Title Insurance Company www.northcarolina.ctt.com
Chicago Title Insurance Company www.northcarolina.ctt.com THE CHICAGO ENHANCED HOMEOWNER S POLICY UNDERWRITING REQUIREMENTS AT A GLANCE The Property must: Be a One-to Four residential homeplace Be Improved
More informationBUILDING PERMIT RESIDENTIAL BASEMENT FINISH
BUILDING PERMIT RESIDENTIAL BASEMENT FINISH DOCUMENTS YOU WILL NEED 1. Building Permit Residential Basement Finish Package 2. Contractors copy of state and business license ADDITIONAL FORMS YOU MAY NEED
More information[Space Above This Line For Recording Data] which has the address of
FORM 3C.8 HOME EQUITY CONVERSION: MODEL MORTGAGE FORM [Space Above This Line For Recording Data] State of [see note 1] MORTGAGE THIS MORTGAGE ( Security Instrument ) is given on, 20. The mortgagor is,
More information1. Date 2. Page 1 of 7. GIVEN TO THE SELLER (BUILDER) AS A CONSTRUCTION DEPOSIT FOR PART PAYMENT OF MATERIALS 8. AND LABOR; OR
3. RECEIVED OF 4. This form approved by the Minnesota Association of REALTORS, which disclaims any liability arising out of use or misuse of this form. 2010 Minnesota Association of REALTORS, Edina, MN
More information