Pre-Construction Apartment Loan Application
Florida
Single-Building Platform
A comprehensive borrower application framework designed for financing pre-construction apartments. This structure defines the functional backbone for buyers seeking to purchase units in a single, pre-defined building with premium financing options.
Document Objectives & Core Principles
Data Collection
Systematically gather essential borrower information including financial readiness, citizenship status, and qualification methods without requiring document uploads at initial stage.
Sequential Logic
Define clear order of information collection with conditional pathways that activate based on borrower responses and qualification criteria.
Rule-Based Routing
Implement intelligent conditional rules that direct borrowers through appropriate pathways based on citizenship, residency, and financial qualification methods.
This framework focuses exclusively on functional structure rather than visual design or UI elements. The goal is to establish a robust data collection and routing system that supports premium buyer experiences while maintaining compliance standards.
Strategic Design Goals
Our design principles are centered around creating a seamless, efficient, and reliable application process, ensuring a superior experience for every borrower while upholding the highest standards of data accuracy and compliance.
Intuitive User Experience
Design a clear, guided pathway that simplifies complex financial steps, ensuring ease of use for all applicants from initial query to final submission.
Data Integrity & Compliance
Implement robust validation and security protocols to ensure all collected data is accurate, complete, and adheres strictly to financial regulations and privacy standards.
Expedited Processing
Optimize the application flow to minimize delays, leverage conditional logic for faster data collection, and accelerate decision-making processes.
Scalable Architecture
Build a flexible and robust platform capable of handling increased application volumes and adapting to future feature enhancements without compromising performance.
Global Application Premises
1
Property Scope
Single pre-defined building in Hallandale Beach. No property address entry required as the building is locked within the platform.
2
Transaction Type
Purchase only - no refinance or cash-out options available at this stage of the platform development.
3
Loan Category
Pre-Construction Apartment Loan exclusively, designed for units not yet completed or delivered.
Qualification Methods Available
Bank Statements
Traditional income verification through banking history
CPA Letter
Professional certification of income and financial standing
Employment Letter
Employer verification of income and employment status
Asset-Based Qualification
Qualification based on liquid asset holdings
Rental Income
Available only for investment property purchases
No document uploads required during initial application. Method selection determines internal program routing and processing requirements.
Application Flow: Buyer Intent & Property Selection
Step 1: Purchase Intent
The application begins by defining the buyer's intended use, which immediately determines eligibility pathways and program options. This critical first step ensures proper routing from the start.
1
Primary Residence
Buyer intends to occupy the unit as their main home
2
Investment Property
Buyer intends to rent or hold the unit as an investment
Step 2: Property and Unit Selection
Building Name: Pre-populated and locked to the platform's single building
Unit Selection: Required fields include unit number, floor/layout, and purchase price (auto-populated from inventory)
This step anchors the loan to a real asset within the building. The purchase price automatically populates based on unit selection, ensuring accuracy and reducing manual entry errors. No refinance or cash-out options are presented.
Financial Readiness & Borrower Classification
Step 3: Financial Readiness Assessment
Pre-construction financing requires higher down payments than traditional mortgages. This step introduces expectations transparently, ensuring buyers understand capital requirements before proceeding further.
20-25%
Standard Tier
Minimum down payment for qualified U.S. borrowers
25-30%
Enhanced Tier
Preferred down payment range for stronger applications
30%+
International Tier
Required for Foreign National buyers
Pre-construction financing requires higher initial contributions due to the nature of the transaction. This acknowledgment sets clear expectations early in the process.
Step 4: Borrower Type Classification
This section determines program routing based on citizenship and residency status. The system works seamlessly with both U.S. and international buyers, directing each to appropriate qualification pathways.
01
Primary Residency Address
Current address as shown on driver's license or government ID
02
SSN Collection
Required only for U.S. Citizens and Permanent Residents for credit analysis
03
Borrower Classification
U.S. Citizen/Permanent Resident or Foreign National designation
Foreign National Pathway
International Buyers
This conditional section appears only for Foreign National applicants. The system triggers this pathway based on citizenship selection, SSN availability, primary residence location, or IP/onboarding flags. Borrowers experience a seamless continuation without feeling segmented.
Trigger Logic Conditions
Non-U.S. Citizenship
Borrower selects citizenship outside the United States
No SSN Available
Borrower indicates they do not have a Social Security Number
Foreign Residence
Primary residence address is located outside the U.S.
Backend Indicators
Optional IP or onboarding flags suggest international status
International Buyer Details
Required Information
- Country of Citizenship
- Country of Primary Residence
These standard questions help structure approval correctly for international financing programs.
U.S. Visa Status (Optional)
- None
- Tourist (B1/B2)
- Work Visa
- Student Visa
- Other
Visa information is informational only and does not define residency status.
Required Acknowledgment: "I understand this application will be reviewed under a Foreign National mortgage program and additional documentation may be requested."
Co-Borrower, Income & Assets
Step 5: Co-Borrower Addition
Borrowers can structure household or joint acquisitions by adding a co-borrower. If married, the system can replicate primary borrower fields or allow modifications for different information.
1
Add Co-Borrower?
Yes/No selection
2
Marital Status
Married? Yes/No
3
Co-Borrower Details
Replicate or modify fields
Step 6: Income Qualification Method
Foreign National programs permit alternative income verification forms. Borrowers select their qualification method without uploading documents at this stage. The selection determines internal program routing.
Bank Statements
Verify income through banking history and deposits
CPA Letter
Professional certification from certified public accountant
Employment Letter
Employer verification of income and status
Asset-Based
Qualification based on liquid asset holdings
Rental Income
Investment property purchases only
Step 7: Assets and Funds to Close
Estimated Liquid Assets
Range-based selection confirming available capital for closing and reserves
Source of Funds
- U.S. Accounts
- Foreign Accounts
- Combination of both
Property Use, Loan Preferences & Estimate
Step 8: Property Use Confirmation
Compliance alignment requires confirming intended property use. This mandatory field ensures program accuracy and regulatory adherence.
Primary Residence
Buyer will occupy as main home
Investment Property
Buyer will rent or hold as investment
Step 9: Loan Preferences
High-level preferences generate preliminary estimates without formal commitment. Borrowers select loan term and rate type to receive customized projections.
Loan Term Options
- 30-Year Fixed
- 15-Year Fixed
Rate Type Options
- Fixed (Locked Rate)
- ARM (Adjustable Rate)
Step 10: Loan Estimate Preview
Transparent estimates generated from unit price, down payment, loan term, and borrower type (U.S. vs Foreign National). This preview stage provides planning clarity before submission.
$XXX,XXX
Estimated Loan Amount
Based on purchase price and down payment
$X,XXX
Estimated Monthly Payment
Principal, interest, taxes, insurance
$XX,XXX
Estimated Cash to Close
Down payment plus closing costs
Disclosure: Closing costs will be estimated after Mortgage Review. This is a planning estimate and does not represent loan approval.
Acknowledgments & Submission
Step 11: Required Acknowledgments
Formal confirmation of understanding ensures borrowers acknowledge key aspects of the pre-construction loan process, down payment expectations, and information accuracy.
Pre-Construction Loan Acknowledgment
Understanding of pre-construction financing requirements and timeline
Down Payment Expectation
Confirmation of higher down payment requirements for pre-construction
Loan Estimate Review
Acknowledgment that estimates are preliminary and subject to review
Citizenship & Residency Accuracy
Confirmation that all citizenship and residency information is accurate
Step 12: Final Submission
Before finalizing, borrowers provide email and phone number (mandatory). Upon submission, the file is automatically tagged with citizenship/residency status, down payment tier, income method, and property use. Internal routing directs the application to compliance and mortgage processing teams.
01
Contact Information
Email and phone number collection
02
File Tagging
Automatic classification and routing
03
Internal Processing
Compliance review and mortgage processing begins
Closing Note
Citizenship and residency verification is introduced early, confirmed progressively throughout the application, and finalized before submission. This approach reduces friction, eliminates rework, and maintains a premium experience without compromising compliance standards. The result is an efficient, borrower-friendly process that supports both operational excellence and regulatory requirements.