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 >> NEW CONSTRUCTION PROGRAMS

>>
New Construction Financing - One Closing
  • One-Time Close - Only One Application
  • Finance up to 100% of Construction Costs
  • Lower Closing Costs
  • 620 Minimum Scores (Middle)
  • 95% MAX LTV -
    based off "Subject To" Appraised Value
  • Construction Interest can be included in Loan
  • 10-40 Year Amortizations available
  • SISA Programs
  • Conforming & Non-Conforming Programs
  • No Contractor Approval Requirements
  • Construction Term - Prime + 1.00
  • Perm Lock Upfront up to 540 Days (18 Months)
  • Capped Rate Floatdown to Current Rates at Completion
  • Primary Residence, 2nd Home Only, Investment Prop
  • Five Simple Draw Schedules to Choose from

 >> New Construction Financing - Construction/Perm

  • Minimum Credit Score = 600
  • Single Application Process
  • Dual Loan - Two Closings
  • Builder subject to Approval
  • Construction Term - Prime Rate Floating
  • Financing to 95% of Appraised Value
  • Second Home & Investment Property options
  • No Long-Term Lock Options
  • Perm is locked 45 days prior to completion
  • Only Two Draw Schedules Available

Pre-Approvals can take 48 to 72 Hours
 

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