PDF home lending construction loan process at a glance
home lending
construction loan process at a glance
Whether you're building a new home from the ground up or planning a major remodel or renovation, Umpqua has your financing needs all under one roof. Here's what to expect along the way.
START ? ? ? ? ? Meet with your Umpqua loan officer for pre-approval
You provide all required borrower, builder and project documentation
Umpqua provides loan disclosures
Builder and project accepted by Umpqua
Umpqua orders a home appraisal
? ? ? ? Documents
are sent to title company for signing
Meet with your loan officer to confirm the terms of the construction loan
You set up construction insurance and preferred funds disbursement method1
Underwriter reviews loan documentation and appraisal for approval
Umpqua submits documents to Underwriting
You sign documents at title company and pay remaining costs, if applicable
?
Construction loan funds
?
CONSTRUCTION BEGINS
Loan payments begin
? ?
?
YOU SETTLE IN TO YOUR NEW HOME
? Construction and final draw details completed
?
Periodic draws during construction
?
Meet with our specialized construction team to discuss funds disbursements (draws)
1 Fees may be charged for disbursement if not through an Umpqua checking account. Loan products subject to credit approval.
Member FDIC Equal Housing Lender NMLS #401867
HLD17.585 9/17
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- pdf 15 loan review risk focused
- pdf credit risk i sample loan policy outline
- pdf loans section 3 federal deposit insurance corporation
- pdf snapshot of reverse mortgage complaints
- pdf review of financial statements
- pdf thematic review of credit review standards and practices of
- pdf regulatory compliance strategies for commercial lenders
- pdf lending 101 the basics penn state federal
- pdf mortgage company examination overview
- pdf lenders approved to make loans in all states nationwide
Related searches
- new home construction loan calculator
- construction loan for home renovation
- home construction loan process
- construction loan for home remodel
- home loan process steps
- at a glance tree study
- construction loan for home addition
- home construction loan rates today
- home construction loan calculator
- how to get a construction loan for a remodel
- process of a construction loan
- construction loan vs home equity