River Landing: Pre-Qualification Letter Process

What is a Pre-Approval Letter?

A Pre-Approval Letter is a letter from a reputable lender stating your qualification for the necessary financing for the homesite and home. The letter must be written on the lender’s letterhead and include the contact information for the lender representative, your name, and the amount that you will be qualified to finance.
Buyers for the Intracoastal homesites must be pre-approved for at least $3 million and buyers for the preserve homesites must be pre-approved for at least $1.8 million.

What is a Verification of Funds Letter?

A Verification of Funds Letter is a letter from a reputable bank, brokerage house or investment management firm stating your ability to pay cash for the homesite and home. The letter must be written on the institution’s letterhead and include the contact information of their representative, your name, and a verification that that funds necessary to purchase the homesite and home are available. Buyers for the Intracoastal homesites must receive funds verification for at least $3 million, and buyers for the preserve homesites must receive funds verification for at least $1.8 million.

What banking institutions are experienced in providing Pre-Approval Letters and financing for custom homes?

While Pre-Approval Letters by any reputable lender will be considered, the following is a list of lenders experienced in financing the purchase of homesites and the construction of custom homes:

Lot Loans and Construction to Permanent Loans:

United Community Bank
David Davis
904- 248-0547
David_Davis@ucbi.com

SouthState
Nicole Reeves
864-533-0548
Nicole.Reeves@southstatebank.com

Vystar Credit Union
Brad King
904- 708-7453
kingb@vystarcu.org

Synovus Bank
Ricki Taylor
904-382-1607
RickiTaylor@synovus.com

Fifth Third Bank
Theresa Warren
904-463-3997
theresa.warren@53.com

US Bank
Tyler Weir
904-759-2030
Tyler.Weir@usbank.com

Ameris Bank
David Johnson
386-288-7117
david.johnson@amerisbank.com

Construction to Permanent Loans Only:

TD Bank
Patrick Lasher
904-545-7354
Patrick.Lasher@TD.com

Regions Bank
Ian MacDonald
904-626-0353
Ian.Macdonald@regions.com

How do I submit a qualification letter for River Landing at Twenty Mile?

Your Pre-Approval Letter or Verification of Funds Letter may be submitted via the following link. You will be notified by email once your letter has been reviewed and approved. You will also receive information on how to schedule an appointment to discuss a River Landing opportunity and to tour the homesites. Submit Letter Here.

Article adapted from website https://www.realtor.com/