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

Ask Sam

Everyone is unique. Complete the form below and I will contact you personally.

My New Blog

Construction Loan

Recent Posts:

Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog:

Ask Sam