Construction Loans


  • Construction Loan Prog. 1
  • 3.875% @ 1 point, Lending off the “as completed” appraised value 6 months after owning the lot.
  • 3.933 APR*
  • 10/1 Year ARM (fixed 10 years).  Qualify at the start rate.
  • Construction Loan Prog. 2
  • 4.50% @ 1 point,  HIGH ASSET QUALIFYING WITH ASSET DEPLETION CALCULATIONS
  • 4.592 APR*   $1,000,000 LIQUID ASSETS RESULTS IN $25,000/MONTH INCOME.
  • 7/1 ARM (fixed 7 years), 80% to $1M and 75% to $1.5M and 70% to $2M.
  • Construction Loan Prog. 3
  • 3.875% @ 1 points,  NEW: 4 years out of BK or Short Sale.
  • 3.387% APR*
  • 5/1 ARM (Fixed 5 years, 80% to $800,000, 75% to $1.0M, 70% to $2M)
  • NEW: Lending off “as completed” appraised one day after buying the vacant lot or the home to be remodeled.
  • Construction Loan Prog. 4
  • 4.125% @ 1 point, 90% to $625,500 with no mortgage insurance.  Call for 90% to $850,000 loan amount.
  • 3.689% APR*
  • 7/1 LIBOR ARM (fixed seven years)
  • SPEC Construction Loan Prog. 5
  • 5.25% @ 1.5 points construction loan only, for SPEC financing where the exit strategy is to sell the property. Max. 75% loan-to-cost.
  • 6.856% APR*
  • 80% loan-to-cost.  FLEXIBLE SPEC construction loans at 6.0% @ 2 points (8.42% APR*)
  • Construction Loan Prog. 6
  • Experienced “Modified Owner/Builder” Construction Loan with GC for some of the major work (utilities, concrete, framing, etc.)
  • 3.875% @ 1 point
  • 3/1 ARM, fixed 3 years.
  • 3.387% APR*, 100% loan-to-cost still possible if loan-to-value still under 80% to $1M, 75% to $1.5M, 70% to $2M, 60% to $3M.

* APR (Annual Percentage Rate) based on $500,000 loan amount.