13 C.F.R. § 120.393

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.

13 C.F.R. §120.393