This program is designed for Borrowers who are constructing a 2 to 4 family residential owner occupied property. If you are building for investment and do not intend to occupy the property, please see our Commercial Constructionprogram guidelines.
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Self Build available
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Loan amounts from $100,000 to $2,500,000
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Loan amounts up to 75% of the appraised value (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)
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Borrower must have a minimum of 25% to put down towards the land purchase/subject property acquisition.
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Foreign Nationals are eligible for this program
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Deal directly with the Loan Officer/Underwriter
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Full and limited documentation programs available. Limited documentation for non-owner occupied and commercial only.
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Fast pre-qualification, typically within 3 to 5 business days
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Loans are available to Borrowers with excellent to less than perfect credit
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Flexible draw schedules
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12 month construction term. An option to extend the term may be granted based on Borrower's performance under the Loan Agreement.
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Interest only payments based on funds advanced