Construction Loan | |
Property Types | 2-4 Units, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $200,000 |
Loan amount Maximum | $2,000,000 |
Interest Rate Minimum | 8.25% |
Interest Rate Maximum | 9.75% |
Terms | 6 month, 9 months, 1 year |
Credit Score Min | 680 |
Lien Position | 1st |
Documents needed | Pay Stubs, two most recent (if applicable), Two years Tax Returns if Self Employed, W2s |
Reserve Requirement | 6 months |
Updated as of | 2023-10-27 |
Summary of all Guidelines | |
Loan Types | Bridge Loan, Commercial Loan, Construction Loan |
Property Types | 2-4 Units, Land Entitled, Land Non-Entitled, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $50,000 |
Loan amount Maximum | $3,000,000 |
Interest Rate Minimum | 10% |
Interest Rate Maximum | 10.5% |
Terms | 6-10 years, 11-20, 20-30 |
Interest Only or Amortized | Amoritzed |
Prepayment Penalty | None |
Documents needed | Complete Application, Tri-merge Credit Report, Property Operating Statement (Last 2 Years and YTD). |
Consumer Purpose Occupancy Types - 1st Mortgages | Yes |
Northpoint Bank is located in Irvine, CA. They offer financing for Bridge Loans, Construction Loans and Commercial Loans. The property type they primarily lend against is SFR, 2-4 Units, Land Entitled and Land Non-Entitled. Their minimum loan amount is $50,000. Their maximum loan amount is $3,000,000. They offer loans for a minimum Term of 30 years. Maximum duration of 6-10 years;11-20;20-30. Although rates can change they are typically lending at a minimum rate of 10%. Maximum interest rate of 10.5%. Points charged are deal specific, but historically have charged a minimum of 0. Maximum points charged are 0.
These descriptions are limited information and meant for general reference purposes.
3240 El Camino Real
Irvine,
CA
92602
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