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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
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