Construction

I am an experienced Loan Officer with 18 years of experience AND I own a General Contracting firm that designs and builds custom homes. Even if you use another contractor, you still get my overall experience as part of the loan package.

“One-time close” Construction Loan is a home mortgage that can be used by the borrower to close both the construction loan and permanent financing of a new home at the same time.

Primary Residence
10% down with a 720 score up to a loan amount of $726,525

15% down with a score of 760 up to a loan amount of $1,000,000

20% down with a score of 720 up to a loan amount of $1,500,000

30% down with a score of 720 up to a loan amount of $3,000,000

Second (Vacation) Homes
 25% down with a 720 score

One-time close construction loans allows for payment of interest-only during construction. Soft costs (architectural, engineering, permit fees) may be financed, closing costs may not. Tear downs and major renovations are eligible.

Lot loans – 30% down

 

Dan Sherbondy
Senior Loan Officer
All Western Mortgage
(established in 1981)
“Dan The Loan Man”
702-326-7469 talk/text
efax: 702-583-7467
DSherbondy@AllWestern.com

Equal Housing Opportunity

Dan’s Licensing: NV MLD 45649, CA-DBO313289, NMLS 313289
All Western Mortgage, 8345 W Sunset Rd Ste 380. Las Vegas, NV 89113
702-326-7469- TALK OR TEXT | | 702.369.0905 – Switchboard (Ask for Dan)

Company NMLS# 14210, NV Division of Mortgage Lending Lic# 204, Arizona Lic# 0923280, Licensed by the CA Dept of Corporations Lic# 603F053, CA Dept of Real Estate Lic# 01893025, CO Division of Real Estate, Florida Lic# MLD895, NM Financial Institutions Division Lic# 03619, UT Division of Real Estate Lic# 7776975,
OR Dept of Consumer & Business Services Lic# ML-4924, TX Dept of Savings and Mortgage Lending – Consumer Notice, WA State Dept of Financial Institutions Lic# CL-14210.