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Loans Up to a generous maximum loan amount of $3,000,000.
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Stated Income Programs are Available for those who can not
Document income.
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No
Income qualifying construction loans for those who have an
independent source of income other a job which may not yield
a high enough income.
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An Interest reserve account, that will make the payments on
the construction loan during the course of construction.
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A contingency reserve account that will cover the projects
expenses in case of cost overruns.
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Finance up to 95% of the future value of the home and 95% of
the total costs of construction including soft cost, hard
costs finance charges, closing fees and inspection fees.
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Lock Your Permanent Mortgage Loan's Rate Now or float it
until project is complete, whichever you prefer.
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Loan to Value and Loan to Cost allowing, get reimbursed for
out of pocket soft cost expenses of your construction
project.
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No Prepayment Penalty Loan Programs, and a choice of fixed
rate, adjustable or short term fixed programs.
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Can not get your project to permit stage but need to close
on the land purchase? No problem, use our lot loan program
to close the transaction and then refinance using out
construction loan.
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Purchase an existing fixer upper and finance the total cost
of re construction with a single loan.
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Purchase the lot and finance the soft and hard construction
costs all wrapped in one loan.
A Construction Loan Specialist Will Help You Get Started and
Choose The Best Program For You!
What is
the construction loan interest Reserve?
The borrower
will accrue interest as funds are disbursed on the loan and it will
require a monthly payment to satisfy this accrual.
Because the borrower may be currently paying a mortgage, some
loans are set up with an interest, reserve.
The interest payments for the loan are debited from the
interest reserve line item. There
are generally enough funds in an Interest Reserve Account to cover
all of the Interest payments that may be due during the construction
term...
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