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We offerInvestorForeign NationalTAX ID/ITINConstructionCommercialBank StatementHard MoneyBridgeloans.

A construction loan is typically a short-term loan used to pay for the cost of building a home.

It may be offered for a set term (usually around a year) to allow you the time to build your home. At the end of the construction process, when the house is done, you will need to get a new loan to pay off the construction loan.

Features and Benefits:

  • Consolidate construction and purchase for only one set of closing costs and fees
  • Pay just interest-only payments during construction¹
  • Option to avoid requalification post-construction available²
  • Loan amounts now available up to $3,000,000 for primary residence³
  • Loan amounts now available up to $2,500,000 on second homes.
  • Rate can be locked at any time during the loan application/process
  • Simple and flexible draw process with no set schedules
  • Renovations available on existing homes
  • Max DTI 45%
  • Occupancy: Primary Residency and Secondary Home
  • Eligible Property Type: Single Family Detached Homes
  • Gift Funds/Interested Party Contributions acceptable

Credit Scores / LTV:

  • Primary Residence
  • 650 for LTV ≤ 80%
  • 700 for LTV > 80% up to 90%
  • 720 for LTV > 90% up to 95%
  • Second Home
  • 720 max 80% LTV
  • Rates start in the 5’s