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Construction Documentation Requirements 

Construction mortgage documentation requirements                                                    

We will normally require the following documentation for your construction loan. 

  • W2s for the past two years. All borrowers.

  • Most recent 3 months bank or investment account statements. All borrowers.

  • Tax returns for the past two years. If self employed or if there is any income other than employment. All borrowers.

  • Current pay stubs. All borrowers.

  • Current P and L for self employed Borrowers.

  • A complete set of construction plans, signed by the contractor and the borrowers. Construction Loan Only.

  • A description of work to be done and the materials to be used. Construction and Rehabilitation Loans.

  • Line item cost breakdown prepared by the contractor. Construction and Rehabilitation Loans.

  • HUD1 Closing statement if property is currently owned by the borrower. Construction And Rehabilitation Loans.

  • Construction contract signed by all parties. Construction Loans Only.

  • Contractor Application, License and Credit Report. Construction Loans only.

 If you are applying for a stated income documentation loan, then you will not include any income documents.

NEW! I have a newsletter giving a complete description of the Home Improvement/Renovation Financing programs which is available by email.

More information on remodeling loans are available here.

One of the questions I frequently get from my clients is about finding a qualified and reliable contractor. After a great deal of research, I do recommend Reliable Remodeler. I have personally used their free service and was very pleased with the outcome. Please complete their contractor referral form for up to 4 local pre screened contractors.

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

Construction Documentation


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Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.                                                                                                                       VA Mortgage