Are there special application requirements?

CFR · 2024-01-01 · US · Title 13

(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.

official document · source cfr-2024 · id 13:§ 120.393