NMLS: 1771431

Construction Loans Texas

BUILDER

Libra Enterprises, LLC dba Construction Financial Solutions is licensed under the laws of the State of Texas and by state law is subject to regulatory oversight by the Department of Savings and Mortgage Lending. Any consumer wishing to file a complaint against Libra Enterprises, LLC dba Construction Financial Solutions should complete, sign and send a complaint form to the Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78075. Complaint forms and instructions may be downloaded and printed from the Department's web site located at sml.texas.gov or obtained from the Department upon request by mail at the address above, by telephone at its toll-free consumer hotline at 1-877-276-5550, by fax at 1-512-475-1360 or by e-mail at info@sml.texas.gov.The Department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed Residential Mortgage Loan Originators. A written application for reimbursement from the recovery fund must be filed with and investigated by The Department prior to the payment of a claim. For more information about the recovery fund, please consult The Department's website at sml.texas.gov.National Mortgage Licensing System Registry #1771431. Construction Financial Solutions is located at 18568 Forty Six Parkway, Suite 3002, Spring Branch TX 78070.


Lenders are required to provide the "Your Home Loan Toolkit", which has been provided by the Consumer Finance Protection Bureau created to comply with federal law pursuant to 12 U.S.C. 2604, 12 CFR 1024.6, and 12 CFR 1026.19(g). This is for all loan transactions effective 10/3/2015.

The approval process can include up to 10 different companies all working together to achieve one goal - YOUR APPROVAL! Those involved may include the realtor, land seller, builder, mortgage company, construction lender, title company, appraiser, surveyor, etc. Luckily for you, this is what we do everyday so we know what information to gather to expedite the process.

BORROWER

BROKERS

- Mortgage Application
- Mortgage Loan Estimate
- Mortgage DU or LP Report
- Mortgage Underwritten Conditional Approval
​- Credit Report
- Proposed-Construction Appraisal
 - Tax Transcripts [if applicable]
- Title Commitment [Clear Sch. C]
- Title Tax and HOA Certificates
- Title Wire Instructions


​Libra Enterprises, LLC dba Construction Financial Solutions Copyright 2019

- Company Formation Documents
- Minimum of 3 Client References
- List of Completed Projects over last 2 years
- VA Builder ID [if applicable]
​- Home Contract or Proposal
- Home Floor Plans with Elevations
- Home Specifications
- Construction Budget
- General or Personal Liability Insurance Verification
- Builder's Risk Insurance before work begins

- Forms Survey before foundation is poured

- Final Survey upon construction completion


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DOCUMENT

CHECKLIST

- Identification [Driver's License & SS Card]
- Pay Stubs for the most recent 1 month
- Bank Statements for the most recent 2 months
- W2 and/or 1099s for the most recent 2 years
​- Tax Returns for the most recent 2 years
- Land Deed, Loan Payoff or Contract
- Land Plat or Survey
- Self-Employed: Business Tax Returns for most recent 2 years and current year P&L Statement
* All documents must be the most recent *