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 – $10,000,000
* Minimum Loan Amount – $200,000
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
* Non-Owner-Occupied
Eligible Borrowers:
* Business Entities – Yes
* Foreign Nationals – Yes
Underwriting Notes:
Lender qualifies the lowest middle credit score of both borrowers
Available in the Following States:
Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Louisiana, Maine, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and Wisconsin.