Construction Fallout Mortgage Loan Programs

Construction Fallout Mortgage Loan Programs

Custom Construction: Custom construction loans are for borrowers who hire a third-party general contractor to build their primary residence.
Owner/Builder Construction: Owner/Builder construction loans are for borrowers who act as their own general contractor to build their primary residence. No contractor's license is required (most states).
Spec Construction: Spec construction loans are for borrowers who are building new single family homes for resale or investment.
Construction Completion: Construction Completion loans are for borrowers who need funds to finish construction of a new single family home.
Residential Construction Loans
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No Income Verification / No Income Qualification
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No Credit Scoring / All credit grades
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Fixed rates with no prepayment penalties
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Subordinate financing allowed
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Loans to individuals, corporations, and partnerships
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Speed, flexibility and service