Why do you need the permanent mortgage findings now? Can it be a sub prime approval?
We need the verifiable permanent mortgage findings for the permanent loan prior to construction approval because this shows the ability of the borrower to take out a permanent mortgage when the construction loan comes due. We would like to have an Approve/Eligible on conforming loans, or Approved findings from a verifiable lender on a jumbo loan. We can not accept any sub-prime approvals.
