Homebuying FAQs

Your next step will be to set up a convenient time to meet with your Community Representative to review and sign the purchase agreement documents. In addition to the actual purchase agreement, there will be other addendums and documents that are relative and shall constitute the entire agreement between you and Rottlund Homes.

The next step in the building process is acquiring a home loan.

Although it is not a requirement, we recommend that you finance the purchase of your new home through USbancorp Advantage, LLC, which The Rottlund Company, Inc. has a principle ownership in. USbancorp Advantage, LLC specializes in fast, efficient and professional service to our customers at competitive rates and fees.

You will need the following information:

• A social security card and drivers license
• Addresses of residence for the past 24 months
• Name(s) and address (es) of your employers for the past 24 months
• Gross monthly salary (ies) of all employment
• Names, addresses, account numbers and balances of checking, savings, IRA and 401k statements - inclusive of the previous 3 months bank statements for all accounts.
• Names, addresses, account numbers, balances and monthly payments on open loans
• Addresses and loan information on other real estate owned
• Landlords name, address and phone number for the past 24 months
• Certificate of eligibility and DD214 (VA only)
• Year-to-date pay stub and most recent W-2's for the previous 2 years, or tax returns with all schedules attached. If self-employed, bring current P & L financial statement or balance sheets for the past 2 years
• Any divorce decree or settlement papers, if applicable
• Approximately $400.00 (the dollar amount may vary slightly) for a credit report and appraisal fee. These fees will be credited to your closing costs at the time of closing.

Your Community Representative will assist you in selecting the options for your new home at you "Final Selections Meeting". You will select your options from the Rottlund Homes price book as well as any color selections that need to be made. Your Community Representative will review various selections materials with you at the Rottlund Homes sales center.

At the "Home Start Meeting" you will review and check the plan to make sure that all the information compiled at you "Final Selections Meeting" and preliminary floor plan have been incorporated. You will also meet the superintendent who will be in charge of the construction of your home. The superintendent will also give you a tentative start date of construction and a tentative closing date based upon Rottlund Homes' building schedule.

After construction is completed on your new home, and prior to your closing, Rottlund Homes will contact you to schedule a "New Home Orientation". A Rottlund representative will accompany you during your Customer Orientation. This person will demonstrate the proper use and care of different components in and outside of your new home, including the mechanical systems.

When your new Rottlund Home is complete, a member of Rottlund Homes' closing department will contact you to establish a date, time and location to close your home loan. Rottlund Homes' closer will also inform you of your association dues collected at closing and information you will need to provide to the title company to close your home loan.

• You will need the following information:
• Guaranteed funds are always required (i.e. cashiers check, certified check or money order) for the closing costs. The estimated dollar amount can be obtained from your lender.
• Picture ID such as a driver's license
• Social security number
• Knowledge of the last 10 years of living addresses

We provide all of our homeowners with a "90 Day Post Closing Meeting". The purpose of this meeting is to give you, the homeowner, another opportunity to go through any questions or concerns that you may have regarding your home or community.

All warranty requests must be in writing and follow the accepted standards and guidelines. The procedure for service warranty requests is covered in detail in our Home Care and Warranty Guide.

Every neighborhood that Rottlund Homes builds in offer amenities which encourage a sense of community. Please consult with your Community Representative for specific information on the amenities of the community and surrounding areas.

In order to protect you and your neighbors, we do have restrictions on pets within our homes that vary per homestyle. Please consult with your Community Representative for specific information on your community.

Association dues are meant to protect your home and community. In general, they cover the exterior maintenance of your home as well as shared amenities within your community. Association dues vary; please consult you Community Representative for information specific to your community.

It is Rottlund Homes' policy to build only within our neighborhoods.

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Your down payments vary depending on the type of loan you utilize. Please consult with a financing expert for specific information.

Earnest money is required to secure the purchase of your new home. These amounts vary by product. Please consult with your Community Representative for specific information.