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!


Eric LaFleur MLO165839 • Company NMLS #1936