Construction Loan
Construction Loan - LG328
Construction Loan - LG328
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $5,000,000 |
| Terms | 1 year, 18 month |
| Credit Score Min | 680 |
| Interest Only or Amortized | Interest Only |
| Entities | LLC - Limited Liability Corporation |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Recourse | Recourse |
| General Pricing or Guideline info | All the details Loan Amount Up to $5,000,000+ LTC Up to 75% Construction 100% Construction / Rehab Loan Term 12 - 18 Months No Prepayment Penalty FICO 680+ Collateral SFR, Townhomes, Condos, 2-4 Units Geography Nationwide Borrower Single Purpose Entity Recourse Full PG Amortization Interest Only / No Prepay |
| Updated as of | 2023-11-14 |
| Program Code | LG328 |
All the details
Loans Amount
Up to $5,000,000+
LTC
Up to 75%
Construction
100% Construction / Rehab
Loans Term
12 - 18 Months No Prepayment Penalty
FICO
680+
Collateral
SFR, Townhomes, Condos, 2-4 Units
Geography
Nationwide
Borrower
Single Purpose Entity
Recourse
Full PG
Amortization
Interest Only / No Prepay
