(a) An applicant must submit documentation from:
- (1) A mortgage lender indicating that permanent mortgage money is available to qualified purchasers to buy such properties;
- (2) A real estate broker indicating that a market exists for the proposed building and that it will be compatible with its neighborhood; and
- (3) An architect, appraiser or engineer agreeing to make inspections and certifications to support interim disbursements.
- (b) The Borrower may substitute a letter from a qualified Lender for one or more of the letters.