Get Construction Loan Agreement - Fannie Mae

Filling out the Construction Loan Agreement - Fannie Mae can seem daunting, but with a clear understanding of the requirements, you can complete the process with confidence. This guide provides detailed, step-by-step instructions to help you navigate the agreement effectively.

Follow the steps to fill out the Construction Loan Agreement - Fannie Mae online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the case number in the designated field at the top of the form to identify your construction project.
3. Fill in the date of the agreement next to the appropriate label.
4. Input the names and phone numbers of all borrowers. Ensure that the information is accurate and double-check for any typos.
5. In the section for Owner and Contractor, enter the full legal names of both parties. This establishes the contractual relationship.
6. Detail the property location where the construction work will take place. Provide a complete address to avoid any confusion.
7. Specify the completion date, ensuring it adheres to the requirement of being completed within twelve months after the loan closing date.
8. Determine and enter the contract price for the completion of the work. Be precise in this figure as it directly affects payment procedures.
9. Review the sections regarding change orders and payment procedures to understand how modifications can impact your agreement.
10. Once all fields are filled, review the entire document thoroughly for accuracy and completeness.
11. When you are satisfied with the form, save your changes. You can then download, print, or share the completed Construction Loan Agreement as needed.

Start completing your documents online today for a seamless loan process.