Start building your dream house today! If you have good credit and 25% of your lot paid for, you have a great chance of getting qualified. Below are some specific details on this program. The rates range from 5.95-8.95% and you have the option only pay interest on the money you draw. Loan amounts from $100,000 to $2,500,000 Loan amounts up to 90% of the appraised value on single family, owner occupied, full income documentation, conforming loan amounts(80% for Jumbo’s).
Please call for additional information on other programs offered. (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts) Land purchase may be included in the construction loan, up to 75% of the lot purchase price Flexible draw schedules 1 to 4 family homes preferred, call for Multi-Family for more than 4 units or commercial construction 12 month construction term Interest only payments based on funds advanced We can roll your construction loan into a long term fixed. Take advantage of todays low rates while building that house you’ve been waiting for.