Schutt Log Homes & Mill Works 816-506-5713 Schutt Log Homes, LLC does not currently offer financing. We will be happy to assist our customers in any way possible to contact lenders and provide any information to the lender for the purpose of financing. An Overview of the lending process: 1. Pre-Qualification: This is not the same as applying for the loan, but gives an estimate of the loan amount the lender will provide. Pre-qualifying is recommended to help give a good idea of all available options. 2. Visit log home models and look at various floor plans to help make the decision of what home will best suit your needs. You can then work out the details of any modifications to the floor plans and get a sales price. Once the details have been worked out you can get a signed sales agreement to take to your lender. 3. Your lender will give you a list of all items which will be required for the loan. This usually includes the Application, documentation of assets, documentation of income, the sales agreement, legal description of the property and final house plans. This is just an general list your lender may require other information as well. 4. An Appraisal will be done to get the approximate value of your new home when it is completed. This will help determine load eligibility. 5. Once your loan is approved you must obtain the proper approvals and permits from your county or city zoning boards before construction can begin. 6. Construction loans are paid out in a series of draws according to a schedule set up by the lender. These draws pay for construction costs and any subcontractors. 7. When the home is complete the construction loan will be modified into a traditional mortgage.
A few lenders we suggest: • Susan Beck 1-417-720-066 Regions Bank- Springfield MO. 65807 Mortgage Loan Officer • New Century Bank- Clifton D. Padgett 888-235-7976 2815 Anderson Ave, Manhattan, KS 66502 cpadgett@newcenturybankna.com Print Application • Home Loan Investment Bank- Eric Schwartz- 401-773-9702 Eschwartz@homeloanbank.com www. Homeloanbank.com • Timberland Bank: 1-800-562-8761 • Farm Credit Services: 1-800-444-3276 • Wells Fargo: 1-858-863-3000 • Chase Manhattan Bank: 1-866-293-1064 • M&T Bank: 1-888-539-1160
• Joseph B. Barnes Mortgage Advisor 6505 N. Prospect Ave. Ste. 400 Gladstone, MO 64119 (816) 587-6800 Office (816) 210-4714 Cell (800) 645-2573 efax NMLS: 329128 Joe.Barnes@cfnbmortgage.com

Financing

Schutt Log Homes & Mill Works
Schutt Log Homes & Mill Works 816-506-5713

Financing

Schutt Log Homes, LLC does not currently offer financing. We will be happy to assist our customers in any way possible to contact lenders and provide any information to the lender for the purpose of financing. An Overview of the lending process: 1. Pre-Qualification: This is not the same as applying for the loan, but gives an estimate of the loan amount the lender will provide. Pre-qualifying is recommended to help give a good idea of all available options. 2. Visit log home models and look at various floor plans to help make the decision of what home will best suit your needs. You can then work out the details of any modifications to the floor plans and get a sales price. Once the details have been worked out you can get a signed sales agreement to take to your lender. 3. Your lender will give you a list of all items which will be required for the loan. This usually includes the Application, documentation of assets, documentation of income, the sales agreement, legal description of the property and final house plans. This is just an general list your lender may require other information as well. 4. An Appraisal will be done to get the approximate value of your new home when it is completed. This will help determine load eligibility. 5. Once your loan is approved you must obtain the proper approvals and permits from your county or city zoning boards before construction can begin. 6. Construction loans are paid out in a series of draws according to a schedule set up by the lender. These draws pay for construction costs and any subcontractors. 7. When the home is complete the construction loan will be modified into a traditional mortgage.
A few lenders we suggest: • Susan Beck 1-417-720-0661 Regions Banks - Springfield MO. 65807 Mortgage Loan Officer • New Century Bank- Clifton D. Padgett 888-235-7976 2815 Anderson Ave, Manhattan, KS 66502 cpadgett@newcenturybankna.com Print Application • Home Loan Investment Bank- Eric Schwartz- 401-773- 9702 Eschwartz@homeloanbank.com www. Homeloanbank.com • Timberland Bank: 1-800-562-8761 • Farm Credit Services: 1-800-444-3276 • Wells Fargo: 1-858-863-3000 • Chase Manhattan Bank: 1-866-293-1064 • M&T Bank: 1-888-539-1160
• Joseph B. Barnes Mortgage Advisor 6505 N. Prospect Ave. Ste. 400 Gladstone, MO 64119 (816) 587-6800 Office (816) 210-4714 Cell (800) 645-2573 efax NMLS: 329128 Joe.Barnes@cfnbmortgage.com
Schutt Log Homes & Mill Works