Product and Service

Stated Income Jumbo Construction Loan 10 Million

Last Updated: 30 August 2022

Home Builder Construction Loan Program | Forms 4506-T and 4506-C Not Required

This is a short-term construction loan for home builders for subject properties located in Arizona, California, Colorado, Idaho, Illinois, Michigan, North Carolina, South Carolina, Ohio, Oregon, Texas, Utah, and Washington.

Stated Income goes to 10 Million

  • 70% LTV (loan-to-value)

  • 85% LTC (loan-to-cost)

Loan Amounts:

  • Maximum Loan Amount - 1 Million

  • Minimum Loan Amount - 50K

Available Terms:

  • 4 months

  • 6 months

  • 9 months

  • 12 months

Shorter-term - lower cost

Blanket Loan available

Construction Completion

Draw Disbursement

Eligible Property Types:

  • Single Family Residence SFR

  • 2 Unit

  • 3 Unit

  • 4 Unit

Occupancies:

  • Owner Occupied and Non Owner Occupied

Eligible Borrowers

  • Legal Entities - Yes

  • Foreign Nationals - Yes

Underwriting Notes:

Lender qualifies the lowest middle credit score of both borrowers

 

States:

Alabama | Arizona | California | Colorado | Florida | Georgia | Hawaii | Illinois | Iowa | Kansas | Louisiana | Maine | Massachusetts | Mississippi | Missouri | Nevada | New Hampshire | New Jersey | New Mexico | North Carolina | Oregon | Pennsylvania | South Carolina | Tennessee | Texas | Virginia | Washington | Wisconsin