Construction Loans

Construction/Perm Advantage Loan

Offers customers who are building homes the flexibility of a double-close loan with the ease and benefits of a single close loan. Construction financing commonly involves two loans: one interim construction loan for the building of the home; and one permanent loan for the completed home.

The Construction/Perm Advantage Loan, however, streamlines the mortgage. Also, we can go off the value of the home upon completion, not the cost to build.

Builder Best

Protects you against rising interest rates while your new home is under construction by enabling you to lock your interest rate for up to 360 days. And if the market improves during construction, you can exercise a one-time float-down option at no additional cost to get the best rate. Or you can make a one-time switch to any eligible Mortgage product and get the current rate, at no additional cost.

Construction to-permanent financing

One-time close, locked into today's low Fixed Interest Rates. Construction loans available in 30, 20 and 15 year amortization.

Construction-To Permanent Financing

One-time close, locked into today's interest rates for 3/1, 5/1, 7/1, and 10/1 fixed to ARM loans. The ARM loans are a perfect choice if you desire a lower initial fixed rate for a 3, 5, 7, 10 year period.

Twelve Month Construction-Only Loans

One (1) point below the Prime Rate. If you want a loan that allows you to obtain your own take out financing or if you think someone might offer to buy your home prior to completion, this is the perfect loan.

The above loans are available for qualifying as full documentation, stated income, no ratio and reduced documentation. Maximum loan amounts up to $5,000,000. Maximum LTV's for construction loans up to 95%. Call 1-888-899-3534 for details or fill out our on-line mini loan application.