11/20/2024
Looking to build a new home to live in?
Are you an investor looking to build new construction?
Call me to discuss the programs available to you!
• Purchase or Refinance
• Primary Residence, Investor, 2nd home
• Property Type: Single Family, PUD and Modular, Multi Units, Commercial, Residential, Apartment Buildings
• 95% LTV allowed for primary homes conforming loan limit
• Jumbo New Construction to $5mill
• If borrower is a General Contractor by trade, they can use their subs to complete their home construction (no profit to borrower/GC allowed) on conforming and some investor programs
• Interest only payments during construction – 12 months to complete home
• Converts to fully amortized payment when home is completed
• Not available in Alaska, Hawaii
If you or your borrowers have any questions about renovation lending, please give me a call to discuss at 773-848-4144.