Construction Loan Checklist

Before final approval on the loan, we'll order an appraisal of the home. For that, we'll need from you:

  • Full set of construction plans and bids
  • Description of Materials signed by Contractor and Applicant
  • Signed contract between Contractor and Applicant
  • Signed sworn construction statement
  • Purchase Agreement for land or Warranty Deed if land is previously owned. If purchased in last year, verification of purchase price is required.
  • Check for the cost of the appraisal

Once footings are in place:

  • Order a plat sketch from the title company and they will supply it to North Shore Mortgage.
Conventional Fixed, 15 Years
Rate 3.250% | APR 3.486%
Conventional Fixed, 20 Years
Rate 3.875% | APR 4.062%
Conventional Fixed, 30 Years
Rate 4.125% | APR 4.261%
FHA, 30 Years
Rate 3.750% | APR 3.870%
VA, 30 Years
Rate 3.875% | APR 4.002%
Partly Cloudy
53°
Monday
September 15
2014

Duluth, MN