A construction loan is a short-term loan used to finance the building of a new home or other real estate project. It covers the costs of construction and is typically replaced by a mortgage once the building is complete.
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TYPES OF PROPERTIES
Residential and Commercial
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PROGRAM DETAILS
Up to 12 months interest only
Minimum Loan Amount $250,000
Maximum Loan to Cost 100%
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requirements
Must have established credit history and verifiable income reported in the USA.
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who can apply?
Domestic Clients: USA Citizens, Green Card holders, Political Asylum holders, TPS, DACAS, L1, E1, E2.
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What Interest Rates apply?
Rates are subject to market change and depend on the borrower’s profile and loan parameters such as loan amount, loan program, and type of property.
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