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They specialize in funding all
types of residential housing; including single-family,
duplexes, and quads. |
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They do business in the 48 contiguous
states (excluding Alaska and Hawaii). (If you
live in AK, HI, or ANY OTHER COUNTRY OUTSIDE OF THE
USA you also have access to New Home Ownership through
our SHOP RIGHT NEW HOME PROGRAM. |
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The Construction Loan is called
a 3-in-1 loan, with a one-time close. |
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1. |
First it pays off
the land. |
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2. |
Next, it converts to a construction
loan that pays for the labor and material to build the
home. (YOU HAVE UP TO ONE YEAR TO BUILD WITHOUT
ANY PAYMENTS). |
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3. |
Then, it converts into a permanent
mortgage when you finish your new home.
(YOU ONLY START MAKING PAYMENTS AFTER YOU MOVE IN). |
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The COMBINED household income
normally needs to be around $40,000 or more.
This includes income from everyone
who lives in the household.
(IF YOU DO NOT HAVE SUFFICIENT HOUSEHOLD
INCOME, SHOP RIGHT IS YOUR ANSWER!) |
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Perfect
credit is not required;
however if you have credit challenges
we have ways to assist you. |
