Construction Loan
Heavy Rehab & Ground - LG282
Heavy Rehab & Ground - LG282
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $10,000,000 |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 2 |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year |
| Credit Score Min | 680 |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| Reserve Requirement | None |
| General Pricing or Guideline info | - Timing to close: 3-20 Days - Personal Guarantee: Full - Property Types include Townhomes - LTARV: 65% Max - Min. Experience: 3 Similar Projects - Purpose: Purchases, Refinance no cash-out |
| Updated as of | 2023-10-12 |
| Program Code | LG282 |
- Timing to close: 3-20 Days
- Personal Guarantee: Full
- Property Types include Townhomes
- LTARV: 65% Max
- Min. Experience: 3 Similar Projects
- Purpose: Purchases, Refinance no cash-out
