1 x Close

Construction Loans

FHA - 1 X Close Construction Loan

 

  • 3.5% Down w/ 620+ FICO scores  (includes land and construction)

  • Owner Occupied Only

  • Single Family Dwelling and Manufactured Homes

  • Builder can pay for Closing Costs and Interim Interest Payments (optional)

  • 10-30 yr. Programs

  • Equity from owned land is Allowable

 

 

VA - 1 X Close Construction Loan

 

  • 0% down w/ 620+ FICO scores  (includes land and construction)

  • Owner Occupied Only

  • Single Family Dwelling and Manufactured Homes

  • Builder can pay for Closing Costs

  • Builder must pay for Interim Interest Payments

  • 10-30 yr. Programs

  • Equity from owned land is Allowable

  • VA County loan limits apply

 

 

USDA - 1 X Close Construction Loan

 

  • 0% down w/ 620+ FICO scores  (includes land and construction)

  • Owner Occupied Only

  • Single Family Dwelling and Manufactured Homes

  • Builder can pay for Closing Costs

  • Builder must pay for Interim Interest Payments

  • 10-30 yr. Programs

  • Equity from owned land is Allowable

  • USDA County income limits apply

 

 

Fannie Mae - HomeStyle Renovation Loan

 

  • 5% down for Primary Residence

  • 10% down for 2nd. home

  • 15% down for Investment Property

  • Purchase or Refinance

  • Single Family Dwelling only, no manufactured homes

  • Builder can pay for Closing Costs

  • 10-30 yr. Programs

  • Equity from owned land is Allowable

  • Fannie Mae Loan Limits Apply

  • Contractor must be a third party licensed contractor - no conflict of interest

  • Additions and Luxury Items allowed

 

 

Jumbo - 1 X Close Construction Loan

 

  • 85% Loan to Value - 15% down

  • 760+ Score needed for 15% down

  • 720+ Score needed for 20% down

  • $453,101 min. Loan Amount up to $3,000,000

  • Primary Residences and 2nd. Homes Available

  • Residential Properties:  1 Unit Only

  • 10-30 yr. Programs

 

 

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Roadmap of Process