Construction Loan
New Construction
Program #LG63
New Construction
Program #LG63
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, Mixed use, Multi Family, SFR |
| Lendding Area | arkansas, colorado, connecticut, florida, georgia, illinois, indiana, kentucky, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, new-hampshire, new-jersey, new-york, north-carolina, ohio, oklahoma, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, wisconsin |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $3,500,000 |
| Interest Rate Minimum | 9.5% |
| Interest Rate Maximum | 15% |
| Points Maximum 1st TD | 2 |
| Terms | 1 year |
| Credit Score Min | 660 |
| Extensions Available | Yes |
| General Pricing or Guideline info | *Final rates vary based on verification of application information, loan type, and other risk factors. |
| Updated as of | 2022-01-01 |
*Final rates vary based on verification of application information, loan type, and other risk factors.
These descriptions are limited information and meant for general reference purposes.