Construction Financing

construction-financing

OVERVIEW OF PRODUCT GUIDELINES

Builder Perks
• Land Purchase payoff at closing
• Up to 5 construction draws available after closing
• The faster the home is completed the more revenue the builder makes
• Confidently build a new home with a 620 credit score
with no hassle of the borrower re-qualifying

Buyer Perks
• 620 Minimum credit score
• As low as 3.5% down payment
• No cash to close with land equity
• Interest only on funds disbursed during construction
• Borrower makes no payments until construction is complete and CO has been issued
• All construction related costs may be rolled into the sales price
• Up to 6% seller contribution for borrower’s closing costs & prepaids

CONTACT US NOW!


Equal Housing Lender
PRMI NMLS: 3094. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply.
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Florida Office of Financial Regulation MLD646.
Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094. Bureau of Financial Institutions: MC-2248 Broker MC-2248 NMLS # 3094. NMLS Consumer Access.
“Licensed by the New Hampshire Banking Department” 10706-MB. Branch Phone: 603-718-3184

Eric LaFleur MLO165839
NMLS #996610