Construction Loan
New Construction Short-Term 1-4 Unit Loan - LG246
New Construction Short-Term 1-4 Unit Loan - LG246
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, SFR |
| Lendding Area | florida, georgia, north-carolina, south-carolina, tennessee, texas, virginia |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $600,000 |
| Interest Rate Minimum | 12% |
| Points Minimum 1st TD | 3 |
| Points Maximum 1st TD | 3.5 |
| Terms | 6 month, 9 months, 1 year |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| General Pricing or Guideline info | - We fund 50% of the land purchase. |
| Updated as of | 2023-10-24 |
| Program Code | LG246 |
- We fund 50% of the land purchase.
These descriptions are limited information and meant for general reference purposes.