• Owner occupied construction loans available
• As little as 10% down payment
• Down payment can come from current value of land or lot or from cash.
• 700 + credit score allows for 10% down payment and 6.505 interest only rate during construction
• 699 and below credit score allows for 20% down payment and 7.5% interest only during construction.
• 12-18 months to finish the project
• Permanent loan must go to our bank.
• Full plans and specs from contractor needed for approval
• Debt ratio of 30/49 apply