MLO#130505 Lic# MB 78982
Toggle Navigation
Menu
Home
My Blog
Customer Login
Loan Application
Pre-Approval
Steps to buying a home
Mortgage Savings
Mortgage Tuneup
Rate Alert
5 Mortgage Details
Mortgage Calculators
Your FICO score
What our clients think?
VA Loans
MortgageNews
New Loan Quote
My New Blog
Construction Loan
August 30th, 2018 4:28 PM by Sam Kader
Introducing the one-close construction loan. Construct your custom-made homes with waterfront views, game rooms, granite counter-tops, mechanic's garages and more. Everyone has their own ideas of what a perfect home is like but they're are not always available on the market. This custom-tailored loan products offers you the chance to both build and finance the home of your dreams all with just one application and one closing.
Features and benefits:
Consolidate construction and purchase for only one set of closing costs and fees.
Pay just interest-only payments during construction.
Option to avoid re-qualification post-construction available.
Loan amounts up to $3,000,000.
Rate can be locked at any time during the loan application/process.
Simple and flexible draw process with no set schedules.
Renovations
available on existing homes.
Eligible property types:
1-unit site-built homes
Planned unit development (PUD)
Modular home (constructed in sections off-site)
Detached site condominium (must be fee simple interest for land and dwelling
Tear-downs & major renovation up to 12 month construction period only
Download this
flow chart
to see process flows.
Whether your dream home involves a little touch of
Rehab Loan
or building it from the ground-up with our
Construction Loan
, you have options with us.
Posted in:
ConstructionLoan, FHA Rehab 203(k), ContractorsCon
and tagged:
FHA Rehab 203(k)
Conventional Rehab.
ConstructionLoan
ContractorsConventional
Posted by Sam Kader on August 30th, 2018 4:28 PM
Post a Comment
Subscribe to this blog
Recent Posts:
Do's and Don't on Purchase and Sale Agreement
Things we need along the way
Medical debt and credit scores
De-Mystifying Adjustable-Rate Mortgages (ARMs)
Buying a home or refinancing - DO NOT wait
Archives:
July 2007
Seattle Freeze is on
Useful websites
It's a summer time. Prevent your home from burglaries
Financial Information
May 2022
Escrow or impound account.
5 Habits of 800 FICO scorers
April 2022
New rules on condos
FHA Condo Approval
Equifax data breach - what you should know.
14 ways to raise your credit score
March 2022
WA launches new way to report illegal robocalls
New 2022 Loan Limits
E-signing with Provident Funding
February 2022
Identity theft
Mortgage brokers are the best
Closing on time
Gifting Funds
Revised Self-employment rules
Second Homes and High Balance Loans
January 2022
Property Insurance premium is going up.
Lower Appraisal
What to do when a tree falls down
2022 Holiday Schedule
December 2021
What is escrow ?
Appraisal Credit
Home buying do's and don't
November 2021
5 ways to win bidding wars
September 2021
ARMs in 2014
August 2021
Rapid ReScore
TRID
Myths about VA Loans
E-signing with NMSI
July 2021
Buying investment property and second home
June 2021
New Conventional Loan Programs
E-Signing with WestGen
RefiNow from FannieMae
Appraisal and Comparative Market Analysis (CMA)
Appraisal
May 2021
Forbearance options
Home Warranty
Buying again after Short Sale, Foreclosure and Bankcruptcy.
Buying after a short sale
April 2021
Appealing assessment on Property Taxes
2021 Loan Limits
March 2021
Credit scores still matter even if borrowing is over
Opening an account with Ticor Title and escrow
How to protect ourselves from wire fraud.
E-Signing
Confession of a Mortgage Broker
E-signing with Sprout Mortgage
E-signing with United Wholesale Mortgage
Benefits of becoming a homeowner
February 2021
Rate and discount point
To Lock or Not to Lock?
Loan lock process
E-signing with Plaza Home Mortgage
January 2021
Should I pay off my mortgage early?
December 2020
A potential deal killer - Debt-To-Income (DTI) Ratio?
October 2020
Home-price dip in 2018 - will it affect my 2019 property-tax bill?
September 2020
Buying or Refinancing
Refinancing your loan?
Self Employed 101
May 2020
Conventional 30 Year Fixed rate from 2.5% to 3.0% on new borrower purchases and refinances
8 tips for borrowers in COVID-19 era
April 2020
Forbearance
Paying your mortgage when money is tight
March 2020
First-time Home buyers mistakes you can learn from
Underwriting FNMA guidelines change due to COVID-19
Mortgage Rates - Fed determined to boost market liquidity
February 2020
Heads up you've been tagged
Gift funds for down payment
January 2020
Mortgage rates in 2020
December 2019
7 Ways to build credit fast
November 2019
2020 Loan Limits
September 2019
Rates drop and what it means for you
August 2019
FICO Score and Credit Utilization
The Federal Reserve cut interest rates: What does it mean to us?
July 2019
Private Mortgage Insurance
Why are FICO scores different for 3 credit bureaus?
June 2019
Questions to ask your lenders.
February 2019
Can I still deduct mortgage interest in 2018?
January 2019
Four ways to remove Private Mortgage Insurance (PMI)
December 2018
How long should I keep my house?
2019 New Loan Limits
November 2018
21 items to get your house ready for Fall
October 2018
Mortgage Rates are climbing. Last chance to lock in a lower rate.
September 2018
How to request FREE credit freezes
9 moving expenses to consider
August 2018
Construction Loan
Appraisal Credit for you
Appraisal Waivers
Mortgages for Home Renovations.
July 2018
First Time Homebuyers
Homebuying mistakes of all ages
June 2018
Cash-Out Refinance and Home Equity Line of Credit (HELOC)
Where does underwriting stand today in 2018?
April 2018
Can I still deduct mortgage interest?
February 2018
Road map to buy a house
Road map to best rates.
January 2018
Resources for Down payment
December 2017
Should I refinance?
2018 New Conforming Loan Limits
October 2017
Should I pay points?
August 2017
12 steps to prevent wire fraud
4 tips in buying investment properties
July 2017
Loan Limits in Washington State
4 ways we help expedite your closing.
June 2017
Inventory hits record low
May 2017
Down payment from 401(K) plan.
April 2017
Things to do inside and around the house in Spring
March 2017
How to buy a home when you haven't sold yours yet.
February 2017
7 Misconceptions about Reverge Mortgage
January 2017
4 reasons why you should lock your rate
4 items that can kill your deal.
Not so great news from FHA
December 2016
7 Tips for Home Equity Lines of Credit (HELOC)
November 2016
Appraiser shortage or a broken system?
October 2016
7 secrets to successful Pre-Approval
July 2016
Building up credit profile
June 2016
Co-signing a loan
Multiple Offers
May 2016
Lease-To-Own and Land Contracts
April 2016
Property Inspection
March 2016
VA Entitlement
Fannie Mae HomeStyle Renovation Program
February 2016
FHA Underwriting Updates
December 2015
First-Time Home Buyers
November 2015
Are you qualified to buy another property?
July 2015
Bidding wars and what you can do about Seattle sizzling real estate!
Greece financial mess - How it came about?
June 2015
Stay Cool
January 2015
FHA reduced annual mortgage insurance premium
Rent Vs. Buy
3% Down Payment
November 2014
Reverse mortgages 2015
October 2014
Condo bargains in Seattle, WA
Affordable home prices in Seattle
August 2014
New FICO Score 9.0
New Rules for borrowers with previous short sales
July 2014
Seattle hiking guide
July Fourth Festivities
June 2014
Average Rents in Seattle
Mortgage Forgiveness Debt Relief Act
April 2014
Fico Score
Homes in Seattle for under $400,000
March 2014
FHA and Prepaid Interest Charges
Homes at South Lake Union and close to Amazon's Office
Homeowners Equity on the rise.
February 2014
Up to 3.5% towards closing costs
Qualified Mortgage (QM) and Ability to Re-pay (ATR)
January 2014
Chrystal ball for 2014 Mortgage Rate and Housing Outlook
Seattle Rent
December 2013
$35,000 for home upgrades and renovations
November 2013
FHA back to work program
Moving Tips
October 2013
Uncle Sam is back in business
September 2013
Thank you Ben
Good news for short-sellers
July 2013
Local Real Estate market chugging along
March 2013
7 must have apps
February 2013
Conventional Vs. FHA Financing
Renting versus Buying?
FHA loans anyone?
Why you shouldn't be sitting on the fence
July 2012
New Mortgage Disclsoure
March 2012
New FHA Streamline Refinance 2012
FHA increases mortgage fees
HARP 2 extended through 2015
February 2012
Foreclosure Settlement
Deed-in-lieu-of-foreclosure Vs. Short-sale Vs. Foreclose
January 2012
Forbearance for Unemployed homeowners
October 2011
House Buying Tips
September 2011
Buying or refinancing. But wait, there's more
August 2011
Tips of protecting online privacy.
March 2011
Have you received form 1099-C from your lender yet?
February 2011
Proposal for Fannie and Freddie
Negative Equity
December 2010
New credit disclosure starting in January 2011
Buyer's Market
September 2010
How to increase your home value
August 2010
Are you qualified for a refinancing?
June 2010
What? Rates are dropping again?
Home Inspection
May 2010
Tax Benefits from Rental Property
Home Title
March 2010
Changes to FHA Policies
February 2010
Home Affordable Refinance Program
FHA Updates
Home Buyers Tax Credit only through 4/30/2010
January 2010
Fed Holds Steady on Rates
King and Pierce County Sales Data
December 2009
Are you Ready To Buy Yet?
November 2009
Plan your ARM Resets
August 2009
Don't Miss the Train
July 2009
July 31 2009 - HEPA
April 2009
Tips in facing Foreclosure
Tips for Successful Short Sale
March 2009
Becoming a landlord
The Homeowner Affordability and Stability Plan (HASP) - Signed on 2/18/09. Revised 6/09
January 2009
Amended Housing Tax Credit of $8,000
What to do about Refinancing?
Foreclosure Rescue Scam
Budgeting 101 and Credit Card Debt
December 2008
FHA Mortgages
New Jumbo Conforming Loan Limit
Loan Modification
November 2008
Recession Proof Jobs
October 2008
Bank of America/ Countrywide - Settlement with Attorney General
How it all began
Deals on FORECLOSURES
September 2008
Rates are lower again?
August 2008
Housing Tax Credit - $7,500 and Hope For Homeowners
July 2008
Mortgage New Rules Post Subprime Era
June 2008
Lenders Default and Mortgage Brokers uncertainty post subprime market
May 2008
Mortgage Lates, Foreclosure and Short-Sale
March 2008
HUD proposed mortgage overhaul
How to handle debt collectors
HUD releases new Loan Limits
February 2008
Identity Theft and Credit Freeze
Fed funds rate, homeowner tax breaks, Seattle mortgage break and short sales
January 2008
Mortgage Freeze at 888-995-HOPE
December 2007
Tips for selling a house in a tight market
September 2007
Mortgage rates are not correlated with Fed Funds
Fed offers mortgage bailout
August 2007
Scam Alert
Seattle home prices defy logic
May 2022 (2)
April 2022 (4)
March 2022 (3)
February 2022 (6)
January 2022 (4)
December 2021 (3)
November 2021 (1)
September 2021 (1)
August 2021 (4)
July 2021 (1)
June 2021 (5)
May 2021 (4)
April 2021 (2)
March 2021 (8)
February 2021 (4)
January 2021 (1)
December 2020 (1)
October 2020 (1)
September 2020 (3)
May 2020 (2)
April 2020 (2)
March 2020 (3)
February 2020 (2)
January 2020 (1)
December 2019 (1)
November 2019 (1)
September 2019 (1)
August 2019 (2)
July 2019 (2)
June 2019 (1)
February 2019 (1)
January 2019 (1)
December 2018 (2)
November 2018 (1)
October 2018 (1)
September 2018 (2)
August 2018 (4)
July 2018 (2)
June 2018 (2)
April 2018 (1)
February 2018 (2)
January 2018 (1)
December 2017 (2)
October 2017 (1)
August 2017 (2)
July 2017 (2)
June 2017 (1)
May 2017 (1)
April 2017 (1)
March 2017 (1)
February 2017 (1)
January 2017 (3)
December 2016 (1)
November 2016 (1)
October 2016 (1)
July 2016 (1)
June 2016 (2)
May 2016 (1)
April 2016 (1)
March 2016 (2)
February 2016 (1)
December 2015 (1)
November 2015 (1)
July 2015 (2)
June 2015 (1)
January 2015 (3)
November 2014 (1)
October 2014 (2)
August 2014 (2)
July 2014 (2)
June 2014 (2)
April 2014 (2)
March 2014 (3)
February 2014 (2)
January 2014 (2)
December 2013 (1)
November 2013 (2)
October 2013 (1)
September 2013 (2)
July 2013 (1)
March 2013 (1)
February 2013 (4)
July 2012 (1)
March 2012 (3)
February 2012 (2)
January 2012 (1)
October 2011 (1)
September 2011 (1)
August 2011 (1)
March 2011 (1)
February 2011 (2)
December 2010 (2)
September 2010 (1)
August 2010 (1)
June 2010 (2)
May 2010 (2)
March 2010 (1)
February 2010 (3)
January 2010 (2)
December 2009 (1)
November 2009 (1)
August 2009 (1)
July 2009 (1)
April 2009 (2)
March 2009 (2)
January 2009 (4)
December 2008 (3)
November 2008 (1)
October 2008 (3)
September 2008 (1)
August 2008 (1)
July 2008 (1)
June 2008 (1)
May 2008 (1)
March 2008 (3)
February 2008 (2)
January 2008 (1)
December 2007 (1)
September 2007 (2)
August 2007 (2)
July 2007 (4)
Categories:
100% financing, first time home buyers, affordable (2)
100% financing, first time home buyers, Gift relat (1)
100% financing, Low Down Payment, Down payment (2)
Activities in Washington, Entertainment (2)
Adjustable Rate Reset, Adjustable Rate Mortgage (3)
affordable homes in Seattle, Bidding wars, first t (4)
Appraisal (3)
Appraisal, first time home buyers, HomePossible, (1)
Appraisal, Underwriting Guidelines, (2)
bankcruptcy (2)
bankcruptcy, Deed-In-Lieu, Foreclosure, Short sale (2)
Bidding wars (1)
Bidding wars, Homes Inventory (1)
Cash-Out Refinance, HELOC, Taxes, Underwriting Gui (1)
closing on time (1)
Condo (2)
ConstructionLoan, FHA Rehab 203(k), ContractorsCon (1)
COVID-19 (3)
COVID-19, Forbearance (2)
Credit Repair, Credit Score, FICO Score (3)
Credit Repair, Credit Score, FICO Score, (1)
Credit Score, Credit Pull (1)
Credit Score, Credit Repair, FICO Score,budget (5)
Credit Score, Credit Repair, first time home buyer (1)
Credit Score, FICO (3)
deed-In-Lieu (2)
E-sign (2)
E-sign, Loan process (5)
E-sign, Loan process, Lock rate, first time home b (1)
Entertainment, Activities in Washington (1)
Escrow (4)
Escrow, Impound account, Underwriting Guidelines, (1)
Fed Funds, mortgage rates (2)
Fed Funds, mortgage rates, Mortgage brokers are th (1)
FHA Rehab 203(k), Contractors, Conventional Rehab. (2)
FHA Rehab 203(k)ContractorsConventional Rehab. (1)
fha reverse mortgages, FHA underwriting guidelines (1)
FHA Underwriting, Underwriting Guidelines (4)
FHA Underwriting, Underwriting Guidelines, (4)
FICO Score, Credit Score, (1)
first time home buyers (2)
first time home buyers, (3)
first time home buyers, Appraisal, (1)
first time home buyers, closing costs, (1)
first time home buyers, Home buying Do's and Don't (1)
first time home buyers, Market Update, (1)
first time home buyers, Underwriting Guidelines, (1)
foreclosure (2)
General (57)
Gift funds (2)
Greece (1)
HELOC, Taxes, Underwriting Guidelines, (1)
HELOC, Underwriting Guidelines, (1)
Holiday schedule (1)
Home Afforable and Stability Plan (1)
Home Affordable Refinancing Act, HARP,Refinance (4)
Home buying Do's and Don't, first time home buyers (1)
Home Maintenance (1)
Home Maintenance, (1)
Home Title, Title Insurance (1)
Home Value, Refinance, Remodel (2)
Home Warranty, (1)
HomeReady, HomePossible, first time home buyers, (2)
Identity Theft (2)
Investment Property (1)
Investment Property, Landlord, rent-vs-buy, Rental (3)
Landlord, Investment Property (2)
Lease-To-Own, Land Contracts (1)
Loan limits (2)
Loan Limits, Underwriting Guidelines (2)
Loan Limits, Underwriting Guidelines, (2)
Loan Limits, Underwriting Guidelines, first time h (1)
Loan process (1)
Low Down Payment (1)
mortgage rates, first time home buyers, (1)
mortgage rates, first time home buyers, Fed Funds, (1)
mortgage rates, Mortgage brokers are the best, (2)
Mortgage Rules (3)
Mortgage Rules, Refinance, Home buying Do's and Do (1)
Moving Day (1)
Moving Day, first time home buyers, (1)
Multitple offers, Bidding wars (1)
New Programs (1)
Points, closing costs, (3)
Pre-Approval,Loan process, Lock rate (1)
Private Mortgage Insurance, Mortgage Insurance (4)
Property inspection, first time home buyers, (2)
property inspection, Pre-Approval, Millennials, ap (1)
Property Insurance (2)
Property Taxes (1)
Property Taxes, first time home buyers, (1)
Purchase and Sale Agreement, PSA (1)
Refinance (3)
Refinance, Cash-OutRefinance, (1)
rent-vs-buy,Pre-Approval, Millennials, first time (1)
robocall (1)
Self-Employed borrower, qualification income (1)
Self-Employed borrower, Underwriting Guidelines, (1)
Self-help websites (1)
Short sale (3)
tax benefits, (1)
TRID (1)
Underwriting Guidelines (3)
Underwriting Guidelines, (1)
Underwriting Guidelines, FHA Underwriting, (1)
Underwriting Guidelines, first time home buyers, (1)
Underwriting Guidelines, Lock rate (1)
VA loans (2)
Wire fraud (1)
Wire Fraud, Escrow, (2)
My Favorite Blogs:
Sites That Link to This Blog:
×
Close
Add a new blog comment
*
Name:
*
Email Address:
URL:
*
Comment:
Characters from the image above:
Your entry does not match the image, please try again.
Submit Comment
×
Close
Subscribe To My Blog
*
Name:
*
Email Address:
Address:
City:
State:
Zip:
*
Characters from the image above:
Your entry does not match the image, please try again.
Subscribe
Online Quote
FREE Rate Quote in seconds.
Online quote questionares.
*
Name:
*
Email:
*
Purchase or Refinancing:
*
Purchase Price:
*
Loan Amount::
*
Property Type: SFR/Condo/4Plex/Duplex:
*
Primary Home/2nd Home/Vacation Home/Investment:
*
Credit Score (720,680,620,580):
*
Term - 30 Year, 15 Year, ARM:
*
How do you hear about us? :
Submit