New Construction Loans

We offer 2 types of construction loans which include:

1. New Construction Loan
  • Do not own land at the time of Loan Application, looking to buy land & build your home on top of it
  • Minimum 89.99% Loan to Value Ratio (LTV) required
  • Minimum Fico Score of 720
2. Construction - Permanent Loan
  • Own land already & looking to add your home onto it
  • Minimum 70% Loan to Value Ratio (LTV) Required
  • Minimum Fico Score of 700
These Loans Include:
  • 9 or 12 months Construction periods
  • Interest only payments during the Construction periods
Eligible Properties Include:
  • 1 - Unit Site Built Homes
  • Planned Unit development (PUD)
  • Site Condo's
  • Rural Properties
  • Properties where Construction has already begun