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