Reno Loan Contractor Rules

Contractor Regulations

The HOUSE Team’s Renovation Loans allow for various maximum contractor limits.   Please contact The HOUSE Team for more on how many contractors are allowed per loan type.

Contractor Rules & Regs

Below are a few basic regulations associated with the contractors that will be performing the Renovation work.  Contractor rules & regs may differ from loan to loan and there may be more than what is listed below.

1. Contract cannot be the buyer, buyer’s family or friend
2. Contractor must meet PrimeLending minimum contractor regulations

Contractor(s) must be approved by our Renovation department.  Documents needed to review/approved a contractor include:

  • Escrow Holdback Checklist (click HERE for sample)
  • W-9 from Contractor (click HERE for sample)
  • Contractor Permit Advisory
  • Itemized Bid (click HERE for sample)
  • Borrower Acknowledgement of Repair Escrow
  • Borrower’s Contractor Acknowledgement
  • Contractor Profile Report (click HERE for sample)
  • Applicable licenses
  • Liability Insurance
  • BBB info/trade association memberships

Other Renovation Resources

HomeStyle Reno Loan
Build or Repair a Pool Escrow Holdback
FHA Escrow Holdback
USDA Escrow Holdback

Team Phone:  602.435.2149
Team Email:  
Team@JeremyHouse.com