Is a Construction Loan Right for You?

One-Time & Two-Time Options Available

CONVENTIONAL

• Conforming loan amount
• Max loan to value 95% with a minimum credit score of 680 (Primary Residence)
• Primary or Secondary Home 1 unit SFD
• No requalifying at modification within the 9 month construction term (Lender will verify employment at time of modification)

FHA

• Loan amount per FHA county loan limit
• Max loan to value 96.5%
• 15 & 30 year fixed rate option
• Primary owner occupied 1 unit
• Minimum credit score 600
• No requalifying at modification

TERMS FOR ALL PRODUCTS

• Specialized underwriting and processing
• Closing turn time within 30 days of receiving contract, plans and specs
• Simultaneous close for lot purchase and construction financing available
• 9 month construction term
• No BOR's (Builder of Record). A builder in the industry will be required on all transactions
• Monthly payment due during the construction phase will consist of accrued interest only
• Interest only during construction with competitive rate
• One closing = less closing costs

VA

• Max loan to value 100%
• 15 & 30 year fixed rate option
• Primary owner occupied 1 unit
• Minimum credit score 600 (Subject to Veterans Eligibility)

UP TO 95% LTV

• NO LENDER RETAINAGE
• FLEXIBLE DRAW SCHEDULES
• COMPETITIVE RATES AND FEES
• CREDIT SCORES DOWN TO 600
• NTEREST ONLY PAYMENTS DURING CONSTRUCTION
• LOT EQUITY ACCEPTED FOR DOWN PAYMENT ON MOST PROGRAMS