He wrote up the prequal, told me to fax the submission form in, send over the few documents they needed and the closed the loan in 2 weeks. 

I was the HML who put the LA buyer into title and handled the rehab draws.I went out to the mid west vetted the turn key guys.. and then we had them provide the inventory. the LA investor takes a loan from me.. we put up the money to buy the home and rehab it.. we would only do the loan once the Lender in LA had a pre approval form Country wide or Wells or whoever.. so in those days you got an ARV appraisal right up front in your take out mortgage submission.. and the loan would close with the lender sending out appraiser to do a 442 which verified the work had been done..

The proposal submission process ends at the end of April.Do you know how many local Pittsburgh residential investors here on BP knew that?

We typically reply to all submissions within 24 hours of receiving and provide the list of items that is required to proceed at that time.

Cost of survey and submission to county is the basic story.

Most HMLs fund the construction through draws that require a submission of a request for the funds after a portion of work has been completed. 

ALSO- This jurisdiction mailed out objections so between submission there was 6-8 weeks of waiting.

Offer submission and acceptance should be based on pre-approval. 

I was very glad to be working with pros to make sure I was thinking about the potential gotchas.I fortunately didn't need the 60 day rule, planning department approval took just over a week and building and safety department plan check had a 10 day turn around for each submission which for us was 10 days to get our corrections and then another 10 days after we submitted our correct plans for approval.

We are currently in plan submission for Phase 2.