Requirements for Proposed, Under Construction and Existing < 1yr EFFECTIVE AS OF 2/8/2016 (See separate requirements for Manufactured Homes) Proposed & MAR (approved prior to the beginning of construction by either a Conditional Commitment, Early Start Letter, or MAR form 91322 for High Ratio loan) Low Ratio loan: 90% and lower 1. Subterranean Termite Treatment Report – NPCA-99a & 99b Or NPMA-99a & 99b (Termite State or County only) 2. Builders Certification (HUD 92541) (not for endorsement binder) 3. Final inspection by fee inspector (HUD 92051) Or Building Permit (or equivalent) and C.O. (or equivalent) (except on manufactured Home). 4. Health Authority Approval on Well & Septic if needed. 5. Flood insurance (elevation cert noted as SFHA) High Ratio loan: 90.01% and higher 1. 1. Subterranean Termite Treatment Report – NPCA-99a & 99b Or NPMA- 99a & 99b (Termite State or County only) 2. Builders Cert. (HUD 92541) 3 1-year warranty (HUD 92544) 4. 10 year warranty and final inspection by fee inspector (92051) Or ******3 inspections by fee inspector (HUD 92051) Or ******Early Start letter and 3 inspections by fee inspector (92051) Or Building Permit (or equivalent) and C.O. (or equivalent) (except on manufactured home). 5. Health Authority Approval if needed. 6. Flood insurance (elevation cert noted as SFHA) ******Only 2 inspections are required on a Modular home (like manufactured housing).
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(approved prior to the beginning of construction by either ... · Conditional Commitment, Early Start Letter, or MAR form 91322 for High Ratio loan) ... Builders Certification (HUD-92541)
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Requirements for Proposed, Under Construction and Existing < 1yr EFFECTIVE AS OF 2/8/2016
(See separate requirements for Manufactured Homes)
Proposed & MAR (approved prior to the beginning of construction by either a
Conditional Commitment, Early Start Letter, or MAR form 91322 for High Ratio loan)