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(800)865-9011

Straightline Funding

Construction Loan
Construction Loan - LG343

Straightline Funding

Summary of all Guidelines

Loan Types Construction Loan
Property Types 2-4 Units, Condo, SFR
Lendding Area alabama, florida, georgia, illinois, indiana, missouri, north-carolina, ohio, pennsylvania, south-carolina, tennessee, texas, virginia
Loan amount Minimum $50,000
Loan amount Maximum $450,000
Interest Rate Minimum 11%
Interest Rate Maximum 12%
Points Minimum 1st TD 2
Terms 1 year, 18 month
Credit Score Min 680
Interest Only or Amortized Interest Only
Lien Position 1st
Prepayment Penalty No Prepayment Penalty
General Pricing or Guideline info New Construction Loans •New Construction Funding for 1 to 4 Family Projects •Direct Lender •Build to Sell or Build to Rent •No Income Documentation Required Program Summary Straightline's New Construction Program provides you with fast approvals and closings. After closing we utilize a simple, flexible draw process to make sure your project stays on track. •Up to 85% of Project Cost •Rates: 11% to 12% •12 to 15 Month Terms •Interest Only Payments •Tear Down and Infill Projects OK •Up to 70% of After Construction Value •Purchase or Refinance OK •Available in metro areas of AL, FL, GA, IL, IN, MO, NC, OH, PA, SC, TN, TX & VA •Points: 2% plus processing and doc fees •1 to 4 Family Properties •No Tax Returns Required •No Prepayment Penalties •Simple Draw Process •680 Minimum Credit Score •Fast, Efficient Closings •Build to Sell or Build to Rent
Updated as of 2023-11-16

New Construction Loanss
•New Construction Funding for 1 to 4 Family Projects
•Direct Lender
•Build to Sell or Build to Rent
•No Income Documentation Required

Program Summary
Straightline's New Construction Program provides you with fast approvals and closings. After closing we utilize a simple, flexible draw process to make sure your project stays on track.
•Up to 85% of Project Cost
•Rates: 11% to 12%
•12 to 15 Month Terms
•Interest Only Payments
•Tear Down and Infill Projects OK
•Up to 70% of After Construction Value
•Purchase or Refinance OK
•Available in metro areas of AL, FL, GA, IL, IN, MO, NC, OH, PA, SC, TN, TX & VA
•Points: 2% plus processing and doc fees
•1 to 4 Family Properties
•No Tax Returns Required
•No Prepayment Penalties
•Simple Draw Process
•680 Minimum Credit Score
•Fast, Efficient Closings
•Build to Sell or Build to Rent

These descriptions are limited information and meant for general reference purposes.