ConstructionLoansFAQ.com

                               

 
 
   
 

 

Single Close Construction Loans

 

Construction Loans Are a Specialized Field, Work with a Specialist Construction Loan Officer!

     
 

A combined purchase, construction and take out loan saves on time and closing costs...

Construction Loans differ from regular purchase money or refinance home mortgages in the way the loan amount is calculated and the way it is structured.
The main components of a construction loans are:

1- Soft costs; consisting of architectural plans, engineering and permit fees.
2- Hard costs; which are all the actual physical costs of construction.
3- Closing costs; consisting of origination and lender fees, title, and closing fees.
4- Inspection fees.
5- Reserves; consisting of interest reserve and contingency reserve.
6- Existing lot pay off
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  • Loans Up to $3,000,000

  • .
  • Can not Document Income, Stated Income Programs are Available.


  • Stated Income Program will not make sense, then use a No Income Qualifier Program.


  • Up to 95% LTV and 95% LTC construction Loans to fit your special circumstances.


  • Lock Your Your Permanent Mortgage Loan's Rate Now, for Maximum Peace of mind.


  • No Prepayment Penalty Loan Programs.


  • Ground Up Construction or Modular Homes, Whichever you choose to do.


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