You are getting closer to purchasing a home! Now you must work closely with your lender and decide which loan will best fit you and your family’s needs. In this process, your lender will need some documents to process your application, including identity and income verification:

• • Pay Stubs for the last 30 days.
    
  • W-2 Forms for the previous two years.
    
  • Current Driver’s license, state ID, or passport.
    
  • Child Support/alimony friend of the court printout or 12 months of cancelled checks.
    
  • Award letters for Social Security.
    
  • 1099 for disability income.
    
  • Income from rent, commission, interest, or sources other than salary.

For Sources of funds/ down payment, you will need:

• • Bank statements for the last three months, including savings, checking, and investment accounts.
    
  • Stock and securities account statements for the previous three months.
    
  • Closing disclosure if using funds from the sale of the property.
    
  • Sale of assets: proof of ownership and proof of funds transfer.
    
  • For gift of funds: A gift letter, evidence of transfer, and sometimes evidence of withdrawal.

If you are self-employed, you may need:

• • Signed, completed tax returns for the past two years, including personal, partnership, and corporate if applicable; please include schedules.
  • Business profit and loss statement year-to-date for the current year, if more than three months have passed since the end of the tax year.

*All these documents may not be needed during the loan process, but it is good to come prepared to not delay the process.

After the loan is processed, you will receive your loan estimate detailing the loan you are applying for. Next, it will go to processing where an underwriter will approve or deny your loan. Once approved, you will receive a loan approval commitment letter from your lender.

To ensure every Colen Built Development home is constructed to our exacting standards, only trade contractors authorized by Colen Built Development will be building your new home. Your satisfaction is our priority so we will keep you informed during your homes construction by including you in three important phases:

PRE-START ORIENTATION
Once your permitted home plans are received from Marion County, your Superintendent will contact you to schedule your Pre-Start Orientation, which will occur approximately one week before starting your home’s construction. This appointment can be done in person or as a conference call and will take about an hour. At your Pre-Start Orientation, you will meet with your Superintendent and any other parties associated with the Purchase Agreement that wish to attend. You will review your selections, discuss interior features, and confirm the upgraded features you selected.

PRE-DRYWALL ORIENTATION
Prior to installment of drywall, a meeting with your superintendent is necessary to confirm that all your options/upgrades are installed correctly and to allow you an opportunity to view the structural, electrical, and mechanical components of your home.

PRE-CLOSING ORIENTATION
Your PCO, or final walk-through, will occur approximately 3 days prior to your closing, and is an exciting milestone in your homes construction. The purpose of this meeting is to welcome you to your completed home and assure your satisfaction prior to closing.

UTILITIES
As a new homeowner, you will be responsible for coordinating your utilities with local companies. Arrangements are recommended to be made before the closing date.

CLOSING
Your visit to the title company for the closing process consists of signing all of the necessary documents to transfer ownership from Calesa Township to you. If you chose to finance, the loan documents would be delivered to the title company, which will calculate the amount of your down payment and closing costs. Your title company will provide you with payment instructions and the exact amount required at closing. You will also need to bring some form of ID (preferably a Driver’s License) to your closing appointment. After your close, a deed for your property will be recorded in the Official Records at the Marion County Clerk’s Office. The original recorded deed will be mailed to you four to six weeks after closing. If title insurance is purchased, promptly following the recording of the deed, the title agency prepares a “Title Insurance Policy,” which protects you from an unmarketable title, i.e., encumbrances, liens, etc., on your property. You will receive your title insurance policy anywhere from two to three weeks following the closing. Once all funds are deposited, and your loan has been funded, you will be presented with the keys to your new home.

WELCOME!
Your Calesa lifestyle begins now! As you familiarize yourself with your new community and neighbors, make sure to explore all the amenities our community offers, like the community pool, trail systems, the FAST facility, and much more! Calesa redefines “family living” and gives it a luxury twist. We have a feeling you will never look back once moving into Calesa Township!

With open arms, we welcome you to Calesa Township! Experience family living well planned!