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 (typically 6-9 months but can be extended to 12 months on a case by case basis) 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.

 
The Advisors
19125 North Creek Parkway #210
Bothell WA 98011
425.483.0104
Company NMLS ID #1850
Bothell Branch NMLS ID #1144740
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