HUD-NEW Checklist for Proposed Transactions That are Less than 1

CHECKLIST FOR PROPOSED TRANSACTIONS THAT ARE LESS THAN ONE YEAR OLD
SINGLE CLOSE CONSTRUCTION
(Loan approved prior to the start of
construction)

UNDER CONSTRUCTION
(Loan NOT pre-approved)

EXISTING LESS THAN 1 YEAR OLD
(Loan NOT pre-approved)

1. Subterranean Termite Treatment
Report (99a and 99b) when required
by the state;

1. Subterranean Termite Treatment
Report (99a and 99b) when required
by the state;

1. Subterranean Termite Treatment
Report (99a and 99b) when required
by the state;

2. Builders Certificate (HUD 92541);

2. Builders Certificate (HUD 92541);

2. Builders Certificate (HUD 92541);

3. A 1 year Warranty (HUD 92544);

3. A 1 year Warranty (HUD 92544);

3. A 1 year Warranty (HUD 92544);

4. Final Inspection by fee inspector or
tribal equivalent;

4. Final Inspection by fee inspector or
tribal equivalent;

4. Health authority approval on well
and septic (if applicable);

5. Health authority approval on well and
septic (if applicable);

5. Health authority approval on well
and septic (if applicable);

5. Flood Certificate

6. Flood Certificate

6. Flood Certificate

AND:

AND:

AND:

A) 10 year warranty; OR

A) 10 year warranty; OR

A) 10 year warranty; OR

B) A minimum of 3 inspections by fee
inspector; OR

B) A minimum of 3 inspections by
fee inspector; OR

B) A minimum of 3 inspections by
fee inspector; OR

C) A building Permit (or its equivalent)
and Certificate of Occupancy (or its
equivalent)

C) A building permit (or its
equivalent) and Certificate of
Occupancy (or its equivalent)

C) A building permit (or its
equivalent) and Certificate of
Occupancy (or its equivalent)

JANUARY 2014