Ground Up New Construction or Demo Rebuild

Are you ready to build or remodel your home?  Construction to Permanent Financing could be the answer.

Inquire about a Renovation/Construction to Permanent Loan for your Primary or Secondary Residence. Whether you currently own or looking to purchase a property to build or remodel or you currently own, financing is within your grasp. 

You can combine your lot and construction financing into one loan and upon completion, convert into a permanent mortgage doing away with the need to refinance into another loan and paying an additional set of closing fees. Take advantage of the low rate environment and secure your permanent loan terms before construction begins.

Highlights:

  • Primary and Secondary Residences
  • Single Family Homes with Accessory Unit/Guest House
  • Condos are eligible for Renovation purpose only
  • Loan Amounts based on Future Value if you own your lot/home, regardless of how long you’ve owned.
  • Fixed and Adjustable Rate Products Available for the permanent mortgage Rates/Terms can be locked before construction begins.
  • Payments during the Course of Construction are Interest Only. Pay as you draw.
  • No Mortgage Insurance (PMI) regardless of Loan to Value
  • No Prepayment Penalties
  • Financing Available for projects under construction. Restrictions apply.
  • Don’t own your home/lot? Consider purchasing using a LOT Loan or simply get pre-qualified for a Home Loan…

Product Overview:

  • 680-740 Credit Scores recommended.
  • Up to 89.99% Loan to Value/Cost to $1M
  • Up to 85.00% Loan to Value/Cost to $1.5M
  • Up to 80.00% Loan to Value/Cost to $2M or higher, restrictions apply.
  • Loan amounts up to $5M and higher on a case by case basis.