Get A Guide To Construction Lending With Bbva Compass - Pablo Creek ...

This guide provides clear instructions on how to complete the A Guide To Construction Lending with BBVA Compass online. By following these steps, users can ensure they fill out the form accurately and efficiently.

Follow the steps to complete the form online.

1. Click the ‘Get Form’ button to access the document and open it in your preferred editor.
2. Begin by reviewing the 'About BBVA Compass' section. This provides essential background information on the institution and its offerings, which will help you understand the context of the construction lending program.
3. Proceed to the 'Selecting the Right Mortgage' section. Analyze the various options available, ensuring that you select the mortgage program that best fits your needs. Take note of the benefits each option provides.
4. In the 'Selecting a Contractor' segment, understand the importance of choosing a qualified builder. Note the qualifications and criteria suggested, as this will influence your project's success.
5. Complete the 'Application Process' section by gathering necessary documentation and ensuring that you understand what information your loan officer will require, including contracts and specifications.
6. Review the 'Insurance Requirements' to ensure that you have all necessary insurance documents ready for the construction phase.
7. Read about 'The Construction Phase' to comprehend how funds will be disbursed during construction and what is expected from both you and your builder.
8. Familiarize yourself with the 'Conversion to the Permanent Phase' section. Understand the requirements needed to transition from the construction phase to permanent financing.
9. Once you have completed all relevant sections, review your entries for clarity and accuracy before saving your changes.
10. Finalize the process by downloading, printing, or sharing the filled-out form as needed for your records or submissions.

Start filling out your documents online today for a seamless construction lending experience.