CONSTRUCTION LOAN PACKAGE CHECKLIST 907) 745-9165
Transcript of CONSTRUCTION LOAN PACKAGE CHECKLIST 907) 745-9165
CONSTRUCTION LOAN PACKAGE CHECKLIST
The following items will be needed by the credit union to begin the construction loan approval process:
FINANCIAL INFORMATION: Notices and DisclosuresIndividual(s) Taxpayer Consent to the Use of Tax Return InformationAuthorization to obtain credit information Loan Application (Financial Application)Pay stubs for the previous 30 day period Prior two year’s tax returns {With W-2’s}Last two months account statements {Checking, savings, stock & bond}Pre-qualification letter {For long term financing}
Self employed borrows with {Corporations, partnerships, LLC's, LLP's}
Business returns for the previous two yearsCurrent balance sheet and profit and loss statement Copy of valid photo identification
DISCLOSURE AND AUTHORIZATION: Consumer construction loan notice Notices and Disclosures for In-house Real Estate Loans
CONSTRUCTION INFORMATION:
Estimate of construction costs {With supporting bids}
Plot plan
Materials description form
Blueprints / plans {Two sets}
Owner builder resume’ {If managing the project}
Copy of contractor’s license and business license and residential endorsement {If not managing the project}
List of sub-contractors and suppliers
Construction time line
Earnest money agreement on lot {If applicable}
Proposed energy rating {Heat loss analysis}
Soils and percolation test {If applicable}
Zoning classification, architectural and CCR requirements
Well log and septic permit {With health authority approval}
Utility services {Available at the site}
Appraisal {“As proposed” credit union will order}
Proof of insurance {Hazard w/ course of construction or builders risk endorsement} Prior to closing
Other: _________________________________________
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165
COURSE OF CONSTRUCTION AND LONG TERM LOAN ITEMS NEEDED
The following items will be needed during the course of the construction loan and shortly after the construction is completed to provide the long term financing for the project:
DURING THE CONSTRUCTION LOAN PROCESS: • Disbursement request forms {To pay for sub-contractors and suppliers}• Invoices {Save all invoices, may need to produce them during or after the construction loan}• Lien waivers {If applicable}• Credit union construction inspections {The credit union will make regular on site inspections
prior to construction disbursements} • Building inspections {Municipal inspections or ICC inspections will be required for the project}
The areas to be inspected are:~ Plans and specifications ~ Footings and foundation ~ Rough in framing, plumbing, and electrical ~ Insulation and vapor barrier ~ Conditional ~ Final
PRIOR TO LONG TERM LOAN CLOSING:
• Notice of completion {Filed 15 days prior to long term loan closing}• As-built survey• Final appraisal {Photos, recertification of value, completion of misc. work}• Final municipal or ICC inspection form {PUR 102}• Final thermal / energy certification {PUR 101}• Lien waivers {If applicable}• Homeowners insurance binder / policy {Mortgagee clause}• Any investor {Long term loan} special conditions satisfied• Escrow for completion {Seasonal related items due to weather, no health and safety issues
allowed}
ADVISORY NOTE:
This loan package has been assembled to assist you in understanding the complexity of an interim construction loan and to make it as easy as possible for you to gather the required documentation and knowledge to engage in this endeavor. Please be aware that the biggest pitfall in the interim construction process is the underestimating of both the costs and time involved to complete the project. Uncontrollable events and untimely delays will probably impact your project at some point. Having the adequate contingency built into the process for both cost and time overruns will be of paramount importance. You will also be required to have a sizable investment in the project in the form of either cash or land equity. In addition, you will need to show proof of sufficient assets {preferably in cash reserves} to cover potential cost overruns as well as long term closing costs with reserves for taxes and insurance.
If you are uncomfortable with the scope of the project and its requirements, or you are unable to show your capacity to manage this type of endeavor, then it is suggested that you engage a general contractor to assist with your homes’ construction. You will still be able to control the purse strings with the credit union, but the contractor will assist you with all of the other aspects of the project. Please feel free to ask as many questions as needed from our credit union staff to help clarify any points of concern or confusion. We hope to make this complicated process as easy and understandable as possible for our members.
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165
Name: Date of Birth:
Date of Birth
Mailing Address:
Physical Address:
Name:
AUTHORIZATION TO OBTAIN CREDIT and/or PAYOFF INFORMATION I hereby grant permission to MATANUSKA VALLEY FEDERAL CREDIT UNION (MVFCU) to obtain any and all
information deemed necessary to process my real estate or mortgage loan application. This information includes, but is not limited to, my present and past employment status, my deposit accounts, my present and past consumer credit record, my mortgage and/or rent payment records, and payoff information on any of my existing loans.
I also authorize my creditors and employers to release to any credit bureau and/or to any employee or representative of the MATANUSKA VALLEY FEDERAL CREDIT UNION telephonically, as well as in writing, any information they may require, including data on my current and previous credit history, employment and income, and payoff information. My authorization to release payoff information (including but not limited to the principal balance, interest owed, per diem, and additional charges due upon payoff) extends to any title company. I/we authorize a fax fee and/or other charges as necessary to produce a requested payoff statement.
I also grant permission to accept a photographic copy of this form containing my signature to obtain or provide any information regarding the items mentioned above.
__________________________________________________________________________________________________ Borrower’s Signature Social Security Number Date
__________________________________________________________________________________________________ Co-Borrower’s Signature Social Security Number Date
EQUAL CREDIT OPPORTUNITY ACT: The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (with certain limited exceptions); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning MVFCU is the:
NATIONAL CREDIT UNION ADMINISTRATION (NCUA) Office of Examination and Insurance
Alexandria, VA. 22314-3428
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165
This Credit Union is federally insured by the National Credit Union Administration. NMLS #418470
MVFCU NOTICES AND DISCLOSURES for MVFCU In-House Real Estate Loans
Thank you for applying for a Real Estate loan with Matanuska Valley Federal Credit Union (MVFCU). The following Notices and Disclosures are provided to help you better understand the law and the practices we follow.
NOTICE REQUIRED UNDER EQUAL CREDIT OPPORTUNITY ACT The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (with certain limited exceptions); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning MVFCU is: National Credit Union Administration (NCUA) Office of Examination and Insurance Alexandria, VA. 22314-3428.
FAIR LENDING NOTICE It is illegal to discriminate in the provision of or in the availability of financial assistance because of the consideration of: (1) Trends, characteristics of conditions in the neighborhood or geographical area surrounding a housing accommodation, unless the financial institution can demonstrate in the particular case that such a consideration is required to avoid an unsafe and unsound business practice; or (2) Race, color, religion, sex, marital status, national origin or ancestry. It is illegal to consider the racial, ethnic, religions or national origin composition of a neighborhood or geographical area surrounding a housing accommodation or whether or not, under what terms and conditions to provide financial assistance. These provisions govern financial assistance for the purpose of the purchase, construction, rehabilitation or refinancing of one to four unit family residences occupied by the owner/borrower. If you have any questions about your rights or you wish to file a complaint, contact the General Manager of MVFCU or: National Credit Union Administration (NCUA) Office of Examination and Insurance Alexandria, VA. 22314-3428.
NOTICE REGARDING THE FAIR AND ACCURATE CREDIT TRANSACTIONS ACT OF 2003 (FACT ACT)
In accordance with the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) we are advising you that we may report information about your loan account to consumer reporting agencies or credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.
Initials: _________ __________
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CREDIT SCORE NOTICE In connection with your application for a home loan or real estate loan and in compliance with the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), Matanuska Valley Federal Credit Union (MVFCU) must disclose to you the credit score that a consumer credit agency has distributed to MVFCU and that MVFCU used in connection with your loan application, as well as the key factors affecting your credit score(s). The Disclosure of Credit Score Information will be provided to you once we obtain your credit report.
One or more of the following consumer reporting agencies will provide the credit score: Experian (XPN) Trans Union (TUC) Equifax (EFX) PO Box 2002 PO Box 1000 PO Box 740241 Allen, Tx. 75013 Chester, PA. 19022 Atlanta, GA. 30374 1-(888) 397-3742 1-(800) 916-8800 1-(800) 685-1111
EMPLOYMENT AND FINANCIAL STATUS CERTIFICATION A loan approval is based upon employment, income, obligations and collateral as shown on the loan application and supporting documentation. You are required to advise us immediately should anything regarding your income, credit, debts and obligations, and condition of your property or property title change prior to the closing and recording of your loan. If you close your loan without reporting such changes your loan could be considered in default.
NOTICE REGARDING FEES & CHARGES INCURRED DURING PROCESSING OF YOUR LOAN APPLICATION
Any fees paid at application or during the processing of your loan will be non-refundable unless the fee was for a specific report or service that had not yet been ordered or performed. During the processing of your loan application MVFCU will order a preliminary title search report. The fee charged by all title insurance companies for this title search is $250. We may also order a flood hazard determination that involves a charge of $15. If you fail to close your loan request with us in a timely manner after the title report and/or flood hazard determination have been obtained you will be required to pay the incurred charges.
BORROWERS CHOICE OF HAZARD INSURANCE PROVIDER You have the right to choose the carrier of the required hazard insurance, subject to approval by MVFCU. MVFCU has the right to designate reasonable financial requirements and adequacy of coverage. All required insurance must be in effect at closing. Your closing may be delayed if you have not advised MVFCU of your selected insurance agent at least 3 days prior to closing.
HAZARD INSURANCE: Hazard insurance coverage is required for at least the amount of the total mortgage indebtedness including other mortgage loans against your home. The maximum allowable deductible is $1,000.
Initials: _________ __________
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EARTHQUAKE INSURANCE: Earthquake insurance is not required by MVFCU. Damage related to earthquake is not included in Hazard Insurance coverage. You should consult with your insurance agent on questions related to this or other hazard insurance coverage.
FLOOD INSURANCE: If it is determined that the property securing your loan is located in a special flood hazard boundary area you will be advised and flood insurance coverage equal to at least the amount of the loan will be required. In accordance with the requirements of the National Flood Insurance Program, any required Flood Insurance coverage must be paid in advance for 1 year and must be in effect before your loan can close.
PROPERTY TAXES AND HAZARD INSURANCE PREMIUMS WILL NOT BE INCLUDED IN YOUR PAYMENT
Property taxes and Hazard Insurance will not be collected nor managed by MVFCU as part of your loan payment. You are responsible to pay these costs in a timely manner when they come due. If MVFCU determines that property hazard insurance or flood insurance has lapsed we can and will force-place an insurance policy that provides coverage solely for property damage. You will be charged for all insurance coverage that MVFCU is forced to place. If property taxes or other government assessments are not paid they can create a lien against your property. In order to maintain and protect our lien position MVFCU can pay these charges and will then add those amounts to the total balance owing on your loan.
ACKNOWLEDGEMENT and AGREEMENT The interest rate and fees or charges reflected in the loan application and Good Faith Estimate are those that are in effect for the requested loan program on the day of application or disclosure. MVFCU makes no promise at this point that your loan application will be approved or closed.
By signing below, I agree that MVFCU is not responsible for any issues that may result as a denial of my loan request. I understand that failure to provide requested information or documentation in a timely manner may result in a denial of my loan application.
________________________________________/__________________ Applicant’s signature Date
________________________________________/__________________ Applicant’s signature Date
________________________________________/__________________ Applicant’s signature Date
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BUILDER’S RESUME FOR THE OWNER BUILDER
OWNER BUILDER:
NAME: ________________________________________________________ ACCOUNT NO.: ___________________
PHONE NO: ____________________________________ CELL NO: _______________________________________
ADDRESS: ________________________________________________________________________________________
BUILDING PERMIT: ___________________________________
BUILDING HISTORY:
ARE YOU CURRENTLY OR HAVE YOU EVER BEEN EMPLOYED IN THE CONSTRUCTION INDUSTRY? YES NO
YEARS OF EXPERIENCE: ____________________
EXPERIENCE: FRAMING ELECTRICAL PLUMBING CONCRETE
ROOFING EXCAVATION MASONRY FLOORING/TILE
BLUE-PRINT DESIGN FINISH WORK OTHER
OTHER RELATED EXPERIENCE:
___________________________________________________________________________________________________
___________________________________________________________________________________________________
___________________________________________________________________________________________________
___________________________________________________________________________________________________
SUMMARY OF EDUCATION:
___________________________________________________________________________________________________
___________________________________________________________________________________________________
___________________________________________________________________________________________________ (Please attach all certificates)
Initials: _________ __________
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REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165
NUMBER OF HOMES BUILT PREVIOUSLY:
WHEN: __________________________
IMPROVEMENTS: DESCRIBE CURRENT IMPROVEMENTS TO YOUR CONSTRUCTION LOCATION (i.e. WELL AND SEPTIC INSTALLATION, COMPLETE THOROUGH FRAMING, ETC.)
___________________________________________________________________________________________________
___________________________________________________________________________________________________
___________________________________________________________________________________________________
___________________________________________________________________________________________________
AUTHORIZED SIGNER: _________________________________________________ DATE: ____________________
AUTHORIZED SIGNER: _________________________________________________ DATE: ____________________
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REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165BUILDER’S RESUME FOR THE OWNER BUILDER
ESTIMATE OF CONSTRUCTION COST
Member / Builder ______________________________________________________________________________________
Property Address ______________________________________________________________________________________
Legal Description ______________________________________________________________________________________
LAND COSTS Land Payoff ($______________) Land Costs $______________
Total $______________
PLAN AND PERMIT ESTIMATES Plans/Permits $______________ Engineering $______________ Inspections $______________ As-Built Survey $______________
Total $______________
SITE PREPARATION ESTIMATES Water/Well $______________ Sewer/Septic $______________ Excavation $______________
Total $______________
FOOTINGS / FOUNDATION / CONCRETE ESTIMATES Footings/Foundation $______________ Water Proofing $______________ Inside Concrete $______________ Asphalt $______________
Total $______________ FRAMING ESTIMATES Framing Package $______________ Siding/Exterior Painting $______________ Roofing $______________ Framing Labor $______________
Total $______________ MILLWORK ESTIMATES Exterior Doors/Windows/Trim $______________
$______________ $______________
Garage Doors Interior Doors/Trim Finish Labor $______________
Total $______________
PLUMBING/HEATING/ VENTILATION ESTIMATES $______________ $______________ $______________
Rough In Finish Heating Ventilation $______________
ELECTRICAL ESTIMATES Rough In $______________ Finish/Light Fixtures $______________ Specialty Wiring/Equipment $______________
Total $______________
INTERIOR COMPLETION ESTIMATES Insulation/Vapor Barrier $______________ Sheetrock/Texture $______________ Cabinets $______________ Countertops $______________ Floor Coverings $______________ Fireplace Rough In/Finish $______________ Hardware $______________ Interior Painting/Finish Details$______________ Appliances $______________ Finish Labor $______________ Other $______________
Total $______________
MISCELLANEOUS ESTIMATES Contingency $______________ Other $______________ Other $______________ Other $______________
Total $______________
FINANCING COST ESTIMATES Const. Loan Origination Fee $______________ Interest Expense $______________ Closing Costs $______________
(Title Insurance, Recording Costs, Etc) Appraisal $______________ Construction Insurance $______________
Total $______________
Total Estimated Construction Costs $______________
Date ______________ Member(s) Signature(s) _____________________________________________________________
Date ______________ Member(s) Signature(s) _____________________________________________________________
Total $______________
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165
MATERIALS DESCRIPTION
Member / Builder _____________________________________________________________________________________
Property Address _____________________________________________________________________________________
Legal Description _____________________________________________________________________________________
Proposed Construction Under Construction
FOOTINGS AND FOUNDATION
FOOTINGS Type Perimeter Monoslab Pilings
Material Concrete AWW Steel
Reinforcing Rebar Size _______________________ Additional Info _____________________________________________________
FOUNDATION Material Block Concrete AWW ICF BlockReinforcing Rebar Size ___________________________________
Water Proofing Material _________________________________________________________________________________________
Insulation Type ____________________________ Additional Information ______________________________________________
FRAMING
FLOOR FRAMING Floor Joist Material _____________________________________________________________________________________________
Size and Spacing _______________________________________________________________________________________________
Sub-Flooring Material ___________________________________________________________________________________________
Additional Information __________________________________________________________________________________________
EXTERIOR WALL FRAMING Framing Material _______________________________________________________________________________________________
Sheathing Material _____________________________________________________________________________________________
House Wrap Material ____________________________________________________________________________________________
Siding Material _________________________________________________________________________________________________
Exterior Trim Material ___________________________________________________________________________________________
INTERIOR PARTITION FRAMING Framing Material _______________________________________________________________________________________________
Size and Spacing _______________________________________________________________________________________________
Additional Information __________________________________________________________________________________________
ROOF FRAMING Rafter Material _________________________________________________________________________________________________
Size and Spacing _______________________________________________________________________________________________
Truss Material _________________________________________________________________________________________________
Spacing and Location ___________________________________________________________________________________________
Sheathing Material _____________________________________________________________________________________________
Underlayment Material _________________________________________________________________________________________
Roofing Material ______________________________________________________________________________ Grade __________
Gutters and Downspouts ________________________________________________________________________________________
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REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165
MILLWORK
FINISH PLUMBING Kitchen Sink Make ________________________________ Faucet ____________________________________
Bathroom Sink Make ________________________________ Faucet ____________________________________
Bath Tub Make ________________________________ Faucet ____________________________________
Shower Stall Make ________________________________ Faucet ____________________________________
Lavatory Make ________________________________ Faucet ____________________________________
Other (Describe) _______________________________________________________________________________________________
HEATING Fuel Type Gas Oil Propane Electric Wood Other _____________________
System Type Forced Air Radiant Floor HWBB Panel Other _____________________
Furnace / Boiler Make and Model _________________________________________________________ Efficiency _____________%
MECHANICAL VENTILATION EQUIPMENT Make and Model _______________________________________________________________________________________________
Additional Information _________________________________________________________________________________________
EXTERIOR DOORS AND WINDOWS Main Entrance Door Type ______________________________________________ Material _______________________________
Other Door Types ____________________________________________________ Material _______________________________
Garage Door Type _____________________________________________________ Material _______________________________
Window Type _______________________________ Material: Wood Vinyl Other ________________
Heat Mirror ArgonGlass Panes : 1 2 3 Low E Screens
Additional Information _________________________________________________________________________________________
INTERIOR DOORS AND TRIM Door Type ________________________________________________________ Material __________________________________
Door and Base Trim Type ___________________________________________ Material __________________________________
Finish Coatings _______________________________________________________________________________________________
Additional Information _________________________________________________________________________________________
PLUMBING/HEATING/VENTILATIONPLUMBING Information ___________________________________________________________________________________________ Water Supply Public Private Community SystemSewage Disposal Public Private Community System
House Drains ABS Cast Iron Other _______________________________________
Water Supply Copper Plastic Other _______________________________________
Water Heater Type ______________________________________________ Make & Model _________________________________
Panel Amps ___________________________________________________________________________ No. of Circuits: ___________
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MATERIALS DESCRIPTION
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165
Special Wiring: Cable Phone Computer Sec. System Other _________________________
Additional ____________________________________________________________________________________________________
LIGHTING FIXTURES Total No. Of Fixtures ____ Approximate Allowance per Fixture: $ Specialty Lighting (Describe) ______________________________
INTERIOR
INSULATION AND VAPOR BARRIER Roof Insulation Type ______________________________________________________________ R-Value _____________________
Ceiling Insulation Type ____________________________________________________________ R-Value _____________________
Wall Insulation Type ______________________________________________________________ R-Value ______________________
Floor Insulation Type ______________________________________________________________ R-Value ______________________
Vapor Barrier Type _________________________________________________________________ Mill __________________________
WALL AND CEILING TREATMENT
Material for Ceiling Finish Drywall Wood Other
Finish Treatment Texture Smooth Other Decorating Describe (Paint, Wall Paper, Etc) ________________________________________________________________________
Additional Information __________________________________________________________________________________________
CABINETS AND COUNTER TOPS Kitchen Cabinet Type ______________________________________ Material _____________________________________________
Bathroom Cabinet Type ____________________________________ Material _____________________________________________
Counter Top Type _________________________________________ Material _____________________________________________
Other Cabinets / Built Ins _________________________________________________________________________________________
Additional Information __________________________________________________________________________________________
FINISH FLOORS Kitchen Material ________________________________________________________________ Price Per Sq. Yard $ ______________
Bath Material __________________________________________________________________ Price Per Sq. Yard $ ______________
Living Room Material ____________________________________________________________ Price Per Sq. Yard $ ______________
Bed Rooms Material _____________________________________________________________ Price Per Sq. Yard $ ______________
Other ____________________________ Material _____________________________________ Price Per Sq. Yard $ ______________
Additional Information __________________________________________________________________________________________
STAIRS Stair Finish Wood Carpet Other ___________________________________________________Material Type ________________________________________________________________________________________________
Additional Information _________________________________________________________________________________________
Material for Wall Finish Drywall Wood Other
ELECTRICAL
WIRING Service: Overhead Underground Generator
Panel Amps ___________________________________________________________________________ No. of Circuits: ___________
Page 3 of 4
MATERIALS DESCRIPTION
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165
MISCELLANEOUS ITEMS
Fireplace or Wood Stove _________________________________________________________________________________________
Specialty Equipment ____________________________________________________________________________________________
Porches/Decks/Out Bldgs ________________________________________________________________________________________
Landscaping, Plantings, and Finish Grade ___________________________________________________________________________
Other _________________________________________________________________________________________________________
______________________________________________________________________________________________________________ Date Applicant Signature
______________________________________________________________________________________________________________ Date Co-Applicant Signature
HARDWARE Make, Model and Finish _________________________________________________________________________________________
APPLIANCES Kitchen Oven / Range Make and Model ____________________________________________________________________________
Dishwasher Make and Model ___________________________________________________________________________________
Microwave Make and Model ____________________________________________________________________________________
Compacter __________________________________________________________________________________________________
Garbage Disposal ____________________________________________________________________________________________
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MATERIALS DESCRIPTION
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165
Member / Builder ______________________________________________________________________________________
Property Address ______________________________________________________________________________________
Legal Description ______________________________________________________________________________________
COMPONENT NAME PHONE NO.
Plans ________________________________________________ ____________________
Building Inspections ________________________________________________ ____________________
Engineering ________________________________________________ ____________________
Well ________________________________________________ ____________________
Septic ________________________________________________ ____________________
Excavation ________________________________________________ ____________________
Concrete Supplier ________________________________________________ ____________________
Concrete Labor ________________________________________________ ____________________
Lumber Package ________________________________________________ ____________________
Framing Labor ________________________________________________ ____________________
Windows / Doors ________________________________________________ ____________________
Garage Door ________________________________________________ ____________________
Roofing ________________________________________________ ____________________
Plumbing Rough In ________________________________________________ ____________________
Finish Plumbing Supplier ________________________________________________ ____________________
Ventilation System ________________________________________________ ____________________
Electrical Rough In ________________________________________________ ____________________
Electrical Supplier ________________________________________________ ____________________
Insulation / Vapor Barrier ________________________________________________ ____________________
Drywall / Textures ________________________________________________ ____________________
Interior / Exterior Painting ________________________________________________ ____________________
Cabinet / Counter Top Supplier ________________________________________________ ____________________
Finish Labor ________________________________________________ ____________________
Floor Coverings ________________________________________________ ____________________
Appliances ________________________________________________ ____________________
________________________________________________ ____________________
________________________________________________ ____________________
________________________________________________ ____________________
Date _________ Member(s) Signature(s) _______________________________________________________________
Date _________ Member(s) Signature(s) _______________________________________________________________
LIST OF SUB-CONTRACTORS AND SUPPLIERS
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165
CONSTRUCTION TIME LINE WORK TO COMPLETE MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7 MONTH 8 MONTH 9 MONTH 10 MONTH 11 MONTH 12
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
PLANS / PERMITTING
WELL / WATER
SEPTIC / SEWER
EXCAVATION
FOOTINGS / FOUNDATION
INSIDE CONCRETE
FRAMING
ROOFING
EXTERIOR DOORS / WINDOWS
SIDING / EXTERIOR PAINT
ROUGH IN PLUMBING
ROUGH IN MECHANICAL
ROUGH IN ELECTRICAL
INSULATION / VAPOR BARRIER
SHEETROCK / TAPE / TEXTURE
INTERIOR PAINT
INTERIOR DOORS / TRIM
CABINETS / COUNTERTOPS
FINISH FLOORING
FINISH PLUMBING
FINISH ELECTRICAL
PUNCH OUT
NOTICE OF COMPLETION
LONG-TERM LOAN CLOSING
(BAR GRAPH)
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165Fax: (907) 745-9168
ENVIRONMENTAL CONCERNS QUESTIONNAIRE www.mvfcu.coop
MVFCU STAFF COMPLETION ONLY: DEC Contaminated Site Search Completed Date: _____________ Initials: ______________
This Environmental Questionnaire is used to assist in the loan process. Review and complete the form in its entirety. Should you need additional space to complete any question, please attached additional sheets as necessary.
BORROWERS NAME: ___________________________________ PROPERTY OWNER: _______________________________________
PROPERTY ADDRESS: __________________________________ PAST PROPERTY USE: ______________________________________
LEGAL DESCRIPTION: __________________________________ CURRENT PROPERTY USE: ___________________________________
Has an environmental assessment ever been completed? YES NO If “yes” please attach a copy
Are you aware of any citations, claims, complaints, notices of violations, correspondence with governmental agencies, or internal correspondence regarding or relating to the release, threatened release, or cleanup of hazardous substances, or any other environmental violation or problem at this property past or present? YES NO UNKNOWN
If yes explanation your knowledge of such notices and/or correspondence: ________________________________________ ____________________________________________________________________________________
Do any of the following potential environmental currently exist, or have existed, on the property? YES NO UNKNOWN Discarded Batteries YES NO UNKNOWN Stained or Oiled Soil, Sheen on Surface Water YES NO UNKNOWN Containers, Drums, Tanks YES NO UNKNOWN Underground Storage Tanks YES NO UNKNOWN Evidence of Spills, Leaks or Discharge YES NO UNKNOWN Commercial Pesticides / Herbicides YES NO UNKNOWN PCB’s (Transformers, Capacitors, Etc) YES NO UNKNOWN Landfills, Pits Lagoons, Dumping YES NO UNKNOWN Suspected Asbestos Containing Materials YES NO UNKNOWN Lead Paint, Solvents YES NO UNKNOWN Distressed or Damaged Vegetation YES NO UNKNOWN Oil / Grease Separators YES NO UNKNOWN Urea Formaldehyde Foam Insulation YES NO UNKNOWN Unusual Odors YES NO UNKNOWN Other: _________________________________
If yes to any of the above, explain: ________________________________________________________________________ ____________________________________________________________________________________
Is the property being used for, or has the property been used for, any of the following high risk activities? YES NO UNKNOWN Pesticide / Herbicide Use YES NO UNKNOWN Transportation of Hazardous Materials YES NO UNKNOWN Oil / Petroleum Related Use YES NO UNKNOWN Metal Manufacturing / Tooling YES NO UNKNOWN Paint Shop / Manufacturer YES NO UNKNOWN Heavy Equipment Repair YES NO UNKNOWN Chemical Manufacturing / Storage YES NO UNKNOWN Storage Tanks, Derelict Tanks or Containers YES NO UNKNOWN Junkyard / Landfill YES NO UNKNOWN Laundry / Dry Cleaning YES NO UNKNOWN Other: _________________________________
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165Fax: (907) 745-9168
ENVIRONMENTAL CONCERNS QUESTIONNAIRE www.mvfcu.coop
MVFCU STAFF COMPLETION ONLY: DEC Contaminated Site Search Completed Date: _____________ Initials: ______________
If yes to any of the above, explain: ________________________________________________________________________ ____________________________________________________________________________________
Does any of the following pertain to the surrounding region? YES NO UNKNOWN Within 500 yards of this property, are there any high risk sites? YES NO UNKNOWN Do activities on nearby properties pose an environmental risks to the subject property?
If yes to any of the above, explain: ________________________________________________________________________ ____________________________________________________________________________________
Borrower signature: ___________________________________________ Date: ___________________________
Owner signature: _______________________________________________ Date: ___________________________
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165Fax: (907) 745-9168
www.mvfcu.coop
ELECTRONIC COMMUNICATIONS AGREEMENT
We may send you information and documents by email related to your loan or in reference to other inquiries if you so choose to receive them in said way. If required by law, and unless you have provided us with consent to receive electronic communications as required by the Electronic Signatures in Global and National Commerce Act (ESIGN Act), such information may also be provided in hard copy. Note that this document does not provide actual e-sign consent. If you would like to receive email from us, please provide your preferred email address below. We will never request personal or sensitive information via email from you.
I would like to receive emails from Matanuska Valley Federal Credit Union at the following email address:
__________________________________________________________________ (e-mail address)
I understand that I am not required to consent to the electronic delivery of information or documents and separate ESIGN Act consumer consent to electronic delivery may be required for certain types of communications.
BORROWER:
X_____________________________________________________ ___________ Date
This Credit Union is federally insured by the National Credit Union Administration. NMLS #418470
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165Fax: (907) 745-9168
www.mvfcu.coop
ELECTRONIC COMMUNICATIONS AGREEMENT
We may send you information and documents by email related to your loan or in reference to other inquiries if you so choose to receive them in said way. If required by law, and unless you have provided us with consent to receive electronic communications as required by the Electronic Signatures in Global and National Commerce Act (ESIGN Act), such information may also be provided in hard copy. Note that this document does not provide actual e-sign consent. If you would like to receive email from us, please provide your preferred email address below. We will never request personal or sensitive information via email from you.
I would like to receive emails from Matanuska Valley Federal Credit Union at the following email address:
__________________________________________________________________ (e-mail address)
I understand that I am not required to consent to the electronic delivery of information or documents and separate ESIGN Act consumer consent to electronic delivery may be required for certain types of communications.
BORROWER:
X_____________________________________________________ ___________ Date
This Credit Union is federally insured by the National Credit Union Administration. NMLS #418470
Individual(s) Taxpayer Consent to the Use of Tax Return Information
Lender: Matanuska Valley Federal Credit Union
I understand and agree that Lender may obtain, use and share my state and/or federal tax return
information for purposes of: 1) reviewing and responding to my loan application; 2) originating
the loan; 3) servicing the loan; 4) selling or transferring all or a part of the loan or any interest in
it; and (5) internal marketing analysis, marketing to me, and other marketing as permitted by law.
I understand to accomplish these purposes Lender may need to share this information with Third
Parties, including loan servicers, actual or potential purchasers or investors in loans, government
agency loan guarantors, mortgage insurers, marketing companies, etc., depending on the type of
loan I have applied for, and I agree to such information sharing for these purposes. For the
purpose of this consent to sharing tax return information, Lender and Third Parties includes the
affiliates, agents, and any successors or assigns of Lender and Third Parties.
I declare that I am either a taxpayer whose name is shown on the return(s), or a person
authorized to obtain and release said tax information. If the request applies to a joint return, at
least one spouse’s signature is required.
Primary Taxpayer Date
Joint Taxpayer Date
This Credit Union is federally insured by the National Credit Union Administration. NMLS #418470
REAL ESTATE & COMMERCIAL LENDING
501 N Main St., Ste 120 Wasilla, Alaska 99654
907) 745-9165Fax: (907) 745-9168