These programs combine the construction and permanent financing of your project. You qualify for the loan once, lock in the permanent rate, sign one set of loan documents and have up to 12 months to complete your residential construction project!

   During the construction period, interest is charged only on the funds that have been disbursed. When the project is completed, the permanent loan period begins.

  
   Depending on whether you can fully document your income or not, you can finance up to $3,000,000 and up to 95% of the future value. 

   Please Click Here To Contact Us, with any questions that you may have. We promise you a prompt reply.

 How Does It Work?

   This is a "One Time Close" new home construction loan program to finance the construction of a primary residence or a second home providing both the construction financing and permanent loan all in one closing.  This means that you sign only one set of loan documents and do not have to worry about re-qualifying, re-appraisals, additional closing costs or signing additional loan documents.  We can even finance your lot and/or payoff your current lot loan.

   You can lock in the permanent rate at closing, and have up to 12 months to complete your new home construction.  During the this period, interest is charged only on the funds that have been disbursed.  When the construction is completed, the permanent loan period begins.

Unlike a purchase transaction of an existing home, New Home Construction loans involves determining the value of something that is not yet constructed! To assist the appraiser and the lender in determining the value of the home after it is built, information must provided as to:-

• What is going to be built or constructed?

• What materials are going to be used?

• How much will the material cost?

• How much is the actual work going to cost?

• How much did the land cost, what is it worth today?

• How much will be spent on plans and permits?

You will have two more very important items to be concerned with; they are your choice of the general contractor who will be awarded the contract and the actual text of the construction contract.

In addition to the above, we will of course need the standard income and credit documentation that is required in any real estate transaction. We will also allow for stated and no doc loans!

Basic documentation requirements are explained in more detail in the "Documentation Requirements" page. For a pre-qualification however, all you need do is to complete the simple online secure application .

   Please Click Here To Contact Us, with any questions that you may have. We promise you a prompt reply.