Construction Loan
New Construction
Program #LG637
New Construction
Program #LG637
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 10.5% |
| Points Minimum 1st TD | 3 |
| Terms | 6 month, 9 months, 1 year |
| Credit Score Min | 680 |
| Lien Position | 1st |
New construction loans provide acquisition and vertical financing for builders and developers to complete residential, ground-up construction projects.
These descriptions are limited information and meant for general reference purposes.
- Michael Gieseke
