Construction Mortgages
Would you like to build your own home? How about rehabilitating a home that is on the perfect property? Whether purchase or refinance, manufactured or stick built, we have a construction / rehab loan for you. See below for a few popular varieties of our construction loans.
- Stick Built or Manufactured.
- New Construction or Remodel.
- Full Doc or Stated Income.
- Contact Us to get more details.
| One Time Close | Definitely the most popular construction loan. This loan allows you to have one loan. you get a draw period and then when the construction is complete, you automatically roll into a fixed rate. |
| Two Time Close | This is where one mortgage is done for the construction. Then when the building is completed another mortgage is done to replace the construction loan with permanent financing. |
95% Financing |
We can loan up to 95% of future appraised value if you have owned the land for over one year |
Stated Income & No Doc |
The current lending environment requires the use of Private Money if a stated income or no documentation loan is required |
| Manufactured Homes | That's right. We can loan on Manufactured Home Setup or rehabilitation. LTV and credit score requirements will vary. |
Purchase or Refinance |
If you want to buy a piece of property and build your dream home or remodel your existing home or even buy a dilapidated home and need the funds to fix it up, we have the loan for you. |
