Construction Financing Product
Available in the following states: CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA, DC
- 720-740 FICO score desired
- Lending offered up to $3,000,000+ loan amounts
- Lending offered up to 80% of appraised value (depending on loan amount and client’s financial situation)
- One-time close
- Primary or secondary home
- NO Self Builds. Must use an approved contractor.
- Fixed-rate or ARMs available
- Purchased lot considered in the down payment
- No pre-payment penalties
- Interest rate locked before construction begins
- Commercial/investment properties are NOT eligible
- Mobile, manufactured, or modular homes are NOT eligible
- Not eligible for VA or FHA programs
Disclaimer: The postings on this site do not represent these banks' positions, strategies, or opinions. Programs are available only to qualified borrowers. Subject to credit approval, underwriting approval, and lender terms and conditions. Loan programs are subject to change without notice. Restrictions may apply.