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