Brought to you by...










- Construction Process
- How Financing Construction Works
- Application Items
- Locking Your Rate
- Modifying The Loan
- Servicing Your Loan
- The Settlement Process
CONSTRUCTION PROCESS

Permits:
All building, sewer and related permits are obtained. The lot may be "perked" and "probed" for on-site sewage systems.

Site Plan:
After all necessary permits have been obtained, you can now turn to your site plan to mark where your house will be built on your land. This is done with the help of the site plan and your contractor.

Excavation and Groundbreaking:
The excavator will also dig out for the foundation and basement (if applicable).

Utilities:
The subcontractors will need water and temporary electric service installed. If you've chosen a well or septic system, check with your subcontractor to when the septic system is installed.

Footers:
Your concrete subcontractor will pour your footers according to your plans and specs. After this stage an inspector may be required to inspect and check the footers to ensure they meet with township or county building codes.

Foundation:
Your masonry subcontractor will construct your foundation as specified in your plans and specs. Your foundation may include a full basement or concrete slab (if using a concrete slab, all plumbing rough-ins must be complete before pouring your slabs).

Roofing:
The roof shingles will be installed unless all exterior trim including fascia, soffit and gable ends should be completed at this time.

Drywall:
Prior to having your drywall hung, all plumbing, electrical, heating and air conditioning should be roughed-in by your subcontractors. Depending on your plans and specs some of this may have been completed. After any necessary roughing-in, the drywall is hung. Ensure that any inspections for electrical and plumbing are obtained prior to hanging drywall.

Interior Trim Painting/Staining:
Doors, molding, cabinets, etc., are installed. After all trim is in place, painting and staining is performed (if not pre-painted or pre-stained). During this stage any outside painting or staining is also completed.

Kitchen and Bathroom(s):
All counter tops and flooring must be complete so that plumbing can be finished. Any entry ways or foyers that are of the same flooring substance are also completed at this time (except carpeting).

Trimming:
Plumbing, electrical, heating air-conditioning and wall/baseboard plates are completed. The plumber installs the bathroom(s) and kitchen fixtures. The electrician will install all switches, outlet covers and wires all appliances.

Flooring:
Hardwood floors are finished. After completing any hardwood flooring the carpeting and padding is installed on subflooring.

Driveway and Walkways:
You may want to wait to start this stage until all construction equipment has been removed to prevent any damage.

Landscaping:
Depending on the time of year your home is constructed, you may need to wait until the proper time of year to complete this stage. If you must wait, the appropriate amount of financing will be held in escrow until this can be completed.

Press Room · Affiliates · Website Feedback · Privacy Policy
© 2003 Construction Mortgage Acceptance Corporation