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 3.500% | APR 3.737%
Conventional Fixed, 20 Years
Rate 3.750% | APR 3.936%
Conventional Fixed, 30 Years
Rate 4.000% | APR 4.135%
FHA, 30 Years
Rate 3.500% | APR 4.654%
VA, 30 Years
Rate 3.625% | APR 3.750%
January 17

Duluth, MN