Construction Loan Processing Services | CTC Processing LLC
Construction loans are the most complex file type in residential lending — builder contracts, draw schedules, inspection requirements, and modification-to-permanent conversions all add layers that standard processors aren't equipped to handle. CTC Processing specializes in Colorado construction loan processing.
Key requirements
- Builder contract and plans
- cost breakdown by trade
- builder approval (licensed, insured, approved by lender)
- construction timeline (typically 6–12 months)
- certificate of occupancy required before final endorsement
- 20–25% down typical
Processing steps
- 1Review builder approval
- 2collect plans, specs, and cost breakdown
- 3order construction appraisal (based on plans)
- 4document draw schedule
- 5process modification to permanent at completion
- 6order final CO inspection
- 7CTC
Common conditions
- Builder license and insurance verification
- lien waivers for each draw
- final CO inspection
- certificate of occupancy
- end-loan (permanent) documentation
- title endorsement after each draw
How we process it
The most common construction loan delay is an incomplete builder approval package. CTC provides a builder documentation checklist at intake and follows up directly with builders — they're not used to being asked for 10 specific documents.
Frequently Asked Questions
What is a construction-to-permanent loan?
A construction-to-permanent loan (also called a one-time close) funds construction draws during the build phase, then automatically converts to a permanent mortgage when the CO is issued — one set of closing costs, one closing.
What is a draw schedule?
A draw schedule is the sequence of construction milestone payments — foundation, framing, roof, mechanicals, finish work, and final. Each draw requires an inspection to confirm completion. CTC tracks draws and inspections throughout the build.
How long does a construction loan take to process?
Initial processing for a construction loan takes 30–45 days. The construction phase itself is 6–12 months, followed by a 7–14 day modification-to-permanent process after the CO is issued.
Constructions — closed with precision.
Hand us the file. We'll handle the guideline, the conditions, and the closing.