• OWNER-BUILDER: ALLOWED. $300,000 GENERAL LIABILITY RIDER REQUIRED ON COURSE OF CONSTRUCTION INSURANCE. A LETTER OF QUALIFICATION REQUIRED, STATING BY WHAT MEANS, CONTACTS, OR EXPERIENCE QUALIFIES THE BORROWERS TO BUILD THEIR OWN HOUSE.  **THE ORIGINATION FEE FOR OWNER-BUILDER PROJECTS IS 1.50%.**
• APPRAISAL: UTAH ONLY–CCS WILL ORDER THE APPRAISAL.  CCS NEEDS THE COST BREAKDOWN, FULL SET OF PLANS, AND CHECK MADE OUT TO “CONSTRUCTION CAPITAL SOURCE”.  SALT LAKE METRO — $500.  EVERYWHERE ELSE AND JUMBO’S — CALL FOR PRICE.  ALL APPRAISALS MUST BE PREPAID.
• TERM: 
6 MONTHS. 9, 12, OR 18 MONTHS MAY BE GRANTED FOR BIGGER PROJECTS ON A CASE-BY-CASE BASIS. IN SUCH CASES, A $300 SERVICING FEE WILL BE ADDED FOR EACH ADDITIONAL 3 MONTH PERIOD.
• EXTENSIONS: 
ONE 3 MONTH EXTENSION CAN BE GRANTED FOR HOMES NOT FINISHED WITHIN THE ORIGINAL TERM. AN EXTENSION FEE OF 0.50% OF THE ORIGINAL PRINCIPAL AMOUNT WILL BE CHARGED TO THE BORROWER.
• MODIFICATION FEE: 
A 3% MODIFICATION FEE WILL BE CHARGED ANYTIME A LOAN IS PAID OFF BY SOMEONE OTHER THAN THE ORIGINAL BORROWER, OR THE PROPERTY IS OFFERED FOR SALE.
• CURRENT HOME: 
THE BORROWER’S CURRENT HOUSE PAYMENT WILL BE INCLUDED IN RATIO CALCULATIONS.
• ELIGIBLE BORROWERS: 
 INDIVIDUALS ONLY.
• ELIGIBLE PROPERTIES: 
OWNER OCCUPIED, PRIMARY RESIDENCES ONLY.
• CONTINGENCY: 
5% MINIMUM CONTINGENCY FUND REQUIRED.
• INTEREST RESERVE: 
REQUIRED INTEREST RESERVE ACCOUNT IS BUILT INTO THE SOFT COSTS OF THE LOAN. THIS ACCOUNT IS CALCULATED BY THE FOLLOWING FORMULA:
• LOAN WITH LOT PAYOFF: (LOAN AMOUNT X 65% X RATE X TERM/12)
• LOAN WITHOUT LOT PAYOFF: (LOAN AMOUNT X 50% X RATE X TERM/12)
• THIS ACCOUNT WILL PAY THE INTEREST DUE DURING THE TERM OF THE CONSTRUCTION LOAN.
• BUILDER PRE-SOLD (LOAN IN THE BUILDER’S NAME): 
CURRENTLY NOT AVAILABLE.
• IDAHO LOANS ARE SUBJECT TO A 30% MAXIMUM FRONT END RATIO, AND 40% MAXIMUM BACK END RATIO.
• THIS PRODUCT INFORMATION MAY BE CHANGED AT ANY TIME AND IS INTENDED EXCLUSIVELY
FOR CCS-APPROVED MORTGAGE BROKERS.

*Wholesale pricing, retail loans include loan packaging origination fees
.

• 1.00% ORIGINATION (2% FEE ON LOANS LESS THAN $100,000)
• $495 UNDERWRITING
• $160 DOCUMENT PREP
• $37 FLOOD CERT/WIRE
• $100 PER MONTH INSPECTION FEE (BASED ON LOAN TERM)
• $300 SERVICING FEE ON A 9 MONTH LOAN
• $600 SERVICING FEE ON A 12 MONTH LOAN