Current through October 31, 2024
Section 120.393 - Are there special application requirements?(a) An applicant must submit documentation from:(1) A mortgage lender indicating that permanent mortgage money is available to qualified purchasers to buy such properties;(2) A real estate broker indicating that a market exists for the proposed building and that it will be compatible with its neighborhood; and(3) An architect, appraiser or engineer agreeing to make inspections and certifications to support interim disbursements.(b) The Borrower may substitute a letter from a qualified Lender for one or more of the letters.