Construction Loan Application Checklist

A photo of a new house in the early stages of construction.Timberland Bank is a great place to begin your construction project! Our goal is to provide you with the information and professional services needed for a smooth loan application process. To process your application in a timely and efficient manner, the following information will be required at the time of application:

  • Timberland Uniform Loan Application, completed and signed.
  • Credit Authorization, signed.
  • W-2 forms from the last two years, or, if you are self-employed, tax returns (signed) and a year-to-date profit and loss statement from the last two years.
  • Your most recent pay stubs covering a one-month period.
  • Verification of income from other sources.
  • Rental agreements or real estate contracts for all rental/contract income.
  • Most current stock, bonds and retirement statements.
  • Bank statements from the last two months.
  • Timberland Cost Breakdown Form (provided by Timberland Bank and to be completed by your contractor).
  • Timberland Description of Materials Form (provided by Timberland Bank and to be completed by your contractor).
  • One set of house plans.
  • Copy of the septic design or plot plan.
  • Legal description of the property.
  • Copy of earnest money or real estate contract for subject property.
  • Building permit (needed before the loan will close).
  • Name, address and account number of current mortgage holder/landowner.
  • Hazard insurance including your agent's name and phone number.