Modular Space Systems
Veteran-Owned · Saint Augustine, FL · 1-888-248-7899

Lender Document
Checklist

Construction loan approval — Florida modular & barndominium builds

Circle your loan type — some documents only apply to specific programs
Conventional
Fannie / Freddie
FHA
3.5% down
VA
0% down (veterans)
Portfolio / Farm Credit
Barndominium / local bank
Have it
In progress
Need to get
Orange bar = VA-specific
Purple bar = Barndominium note
1

Income & Employment

Last 2 years federal tax returnsAll pages, all schedules, signed
Last 2 years W-2sFrom all employers
30 days most recent pay stubsYear-to-date earnings visible
Self-employed: 2 yrs business returns + P&LCPA-prepared or signed
VA: Certificate of Eligibility (COE)Pull at VA.gov or lender can request
VA: DD-214 Discharge PapersCharacter of discharge must qualify
2

Assets & Bank Accounts

2 months bank statements — all accountsAll pages including blanks
Investment / retirement account statementsMost recent quarterly statement
Gift letter (if using gift funds for down payment)Must show funds are a gift, not a loan
3

Identity & Credit

Government-issued photo IDDriver's license or passport
Social Security number / cardFor credit pull authorization
Explanation letters for credit issuesLate pays, collections, judgments
Bankruptcy discharge papers (if applicable)Full discharge documentation
4

Property & Land

Warranty deed or purchase contract for landMust show clear ownership or pending purchase
Boundary surveyLicensed Florida surveyor, dated within 12 months
Title search / title commitmentRequired for most construction loans
Flood zone determinationFEMA flood map — many FL properties are in flood zones
Barndominium: agricultural use documentationFarm Credit / AgCredit may require proof of ag use
5

Builder & Construction

Signed builder contract with fixed priceLender won't lend on a verbal quote
Floor plans & building specificationsUsed for appraisal and underwriting
Builder's Florida license numberVerify at myfloridalicense.com
Builder's certificate of insuranceGeneral liability + workers comp
Construction draw schedulePayment tied to milestones, not time
Engineered plans / PE stampFlorida-licensed professional engineer
VA: Building must be permanently affixed to foundationNo pier-only — must be on permanent foundation
VA: Property titled as real property (not personal)Vehicle title must be surrendered if applicable

⚠ Appraisal — Ask Your Lender This Before Applying

How do you handle appraisals when comparable sales are limited in my area?
Have you financed a barndominium or modular home in this county before?
Will you require the appraisal before or after I sign with the builder?
What happens if the appraisal comes in below the contract price?