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txmaryg16

First post....Construction loan and trying to figure out what stage...

Ashley G
6 years ago

Hello!

This is my first post so please bare with me!!

I got pre approved for a construction loan on 7/28 and turned in my official loan application and plans to the bank on 8/15. I was informed by the LO that the apppraisal was ordered and was apparently done last week and he is submitting his comps to the review board (??) now I am just waiting on my survey to be done( which I ordered the survey myself) which should be next week. Which stage am I considered in? Am I officially considered in the underwriting stage or do I have a ways to go before I get there. This is my first build and I have done a lot of research, I just want to make sure I am staying on top of things And understand the whole process.

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