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Construction Loans Features: 
• One time close, construction-to-permanent loan.
• Loans up to $3,000,000
• 100% Construction Financing up to $500,000
• Maximum 95% loan to value (LTV).
• Up to 24 months to complete the construction of the home.
• No "out-of-pocket" interest payments during the construction period and interest-only accrual on funds as disbursed.
• Permanent financing has competitive rates for 15-year, 30-year, or 3/1, 5/1, 7/1 option Treasury ARM products.
• Permanent loan rate improvement option at completion of construction.
• Full, alternate and stated loan documentation loan programs. Construction Loans Qualifications and Requirements:
• Minimum 620 standard credit score as defined by lender.
• Standard ratios are 33/38, will consider back-end ratios to maximum of 50%.
• Liquid assets - two (2) months PITI liquidity. (Can be in various forms: 401K, stocks, investment accounts, bank accounts, etc.)
• Approval of: Home Plans (engineered plans if required), building agreement, specifications, and Loan Budget prior to closing.
• Building Department permit submittal required prior to closing.
• Interest reserve and contingency funds must be included in the Loan Budget.
• Construction must be completed in 24 months or less. Land Loan Features:
• Minimum 10% down payment.
• Land must be under 20 acres.
• Land must be deemed zoned for single family residential construction.
• Additional requirements exist. Other Loans - Many other loan products are available:
• Remodel loans
• Refinance loans
• Purchase loans
• Bridge Loans |
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Residential 
