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[DOC File]New Construction/Rehabilitation Loan
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A new construction loan to build a new house funded by the FY10 allocation of funds for direct or guaranteed would have no Davis-Bacon and Related Acts requirements tied to it. Any construction contract in excess of $2,000 funded by the ARRA must include the appropriate Davis-Bacon and Related Acts requirements covered in the attached checklist.
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Construction Loans: Funds to Build and Buy Land
The borrower and the contractor must have a construction contract that specifies the terms of the construction project. At a minimum, the contract must describe the work to be performed, include the dates when the work will start and be completed, state the total amount to be paid to the contractor, and must detail the construction drawdowns.
what is a construction loan

[DOCX File]Building Loan Agreement - HUD
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Upon receiving approval from C&V, the Loan Specialist will work toward final loan approval. e. Construction Loan Closing. Closing a construction loan is done in two stages. The Veteran will initially sign a Real Estate Construction Loan Agreement and a Construction Loan Promissory Note.
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[DOC File]CONSTRUCTION OR HOME IMPROVEMENT LOANS
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(9) The Borrower shall have defaulted under this Building Loan Agreement, if, at any time prior to the completion of construction, it: (a) ceases work on the Project for a period of more than twenty (20) days; (b) fails to complete the erection of the Project substantially in accordance with the Drawings and Specifications within the time ...
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How does construction loan work