The Advisory Lending Group has a Custom Construction Loan Programs to meet your home building needs.
ALL- IN-ONE CUSTOM CONSTRUCTION PROGRAM HIGHLIGHTS
- A construction loan, which is a short-term interim loan for financing the cost of construction and the traditional long-term permanent mortgage
- Involves only one loan closing
- Loan is made directly to the buyer, not the builder
- No additional credit pull nor re-qualifying after home is complete
- Maximum LTV (Loan To Value) is 80% (rare exceptions to 85% LTV can be requested)
- Loan amounts up to $1.5M
- Owner occupied or second home allowed (no investment)
- Land does not have to be previously owned can be used in conjunction with a lot purchase
- Borrower cannot act as their own general contractor
FOR MORE INFORMATION OR TO SCHEDULE A CONSULTATION PLEASE CONTACT ANY ONE OF OUR LICENSED MORTGAGE ADVISORS.