Are there special application requirements?

13 C.F.R. § 120.393
in effectEffective: 2024-07-01
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(a) An applicant must submit documentation from: (1) A mortgage lender indicating that permanent mortgage money is available to qualified purchasers to buy such properties; (2) A real estate broker indicating that a market exists for the proposed building and that it will be compatible with its neighborhood; and (3) An architect, appraiser or engineer agreeing to make inspections and certifications to support interim disbursements. (b) The Borrower may substitute a letter from a qualified Lender for one or more of the letters.

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