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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
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Outstanding service!!! Patti and Team are amazing!! They will work hard to get you the best possible deal and ensure the entire process is completed in a timely manner. All the while explaining you the entire loan cycle step-by-step, so you never feel out of place. If you have any doubts about whom you should be working with, contact Patti and Team. You won't regret it!!
Heltor H.
My wife and I have used Patti's services on two different occasions when we purchased homes. She always provided excellent service, is very knowledgeable, very professional, and very friendly. We highly recommend her.
Santiago T.
Came to the Contrasto team to prequalify for a new house loan. We had worked with Contrasto when getting our current home.They took time to explain what we needed, ad were very helpful in suggesting where we could get additional help. They are great partners. The Contrasto team was very professional, courteous and provided excellent service to me when I was buying a new home.
Bryan E.