StacksVerified U.S. regulatory reference

13 CFR §120.393

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)An applicant must submit documentation from:
    1. (1)A mortgage lender indicating that permanent mortgage money is available to qualified purchasers to buy such properties;
    2. (2)A real estate broker indicating that a market exists for the proposed building and that it will be compatible with its neighborhood; and
    3. (3)An architect, appraiser or engineer agreeing to make inspections and certifications to support interim disbursements.
  2. (b)The Borrower may substitute a letter from a qualified Lender for one or more of the letters.