Documents to be submitted for credit decision

Good day,

since some of you have already gone through this topic, the simple question for me is how am I supposed to have the required documents needed for the loan decision already before the contract is signed with the property developer? Or in other words, without a financing commitment no contract with the property developer, without documents from the property developer no financing decision.

Specifically, I don’t know exactly what I should submit to the bank in which "condition":

Building description
Current construction file, including construction technical documents
Construction cost statement
KfW loan application

Are the simple offers from the property developer sufficient for this? I have the not yet approved construction plan from the architect and offers from the property developer. As long as the financing is not secured, I cannot decide on a property developer or sign a contract.

If these documents are with the bank, the interest rate of the day is considered secured and not only 10 weeks later due to processing time.

Thanks for the feedback.

For a basic financing commitment of X euros, you do not need specific documents about the planned house. Offers, cost estimates, or a sheet of paper with a few numbers on it are sufficient.

More important are the matters to check personal creditworthiness and credit capacity.

This commitment will roughly state: We are prepared to provide you with a loan of XY euros under the following conditions. We are bound to this offer (and the interest rate) for two weeks. The loan must be secured with a customary bank collateral (mortgage registration in the amount of Y euros).