This program is tailored for Borrowers who need to finance the renovation or expansion of a property they currently own or they plan to purchase.
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Loan amounts from $100,000 to $2,500,000
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Loan amounts up to 90% of the appraised value on single family, owner occupied, full income documentation, conforming loan amounts. Please call for additional information on other programs offered. (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)
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Lender will advance up to 75% of the purchase price towards the acquisition of a property.
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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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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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1 to 4 family homes, see Multi-Family for more than 4 units
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12 month construction term
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Interest only payments based on funds advanced
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Borrower may act as own General Contractor or hire a qualified builder. No site supervisor required.
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