One Time Close.  Construction to Permanent loan.  "One Step" program which protects you against increasing rates and extended lock fees.  Interest only, is a fixed rate during the construction and modifies into a permanent loan after construction.  Great flexibility and low rates on ARMs.

    Two Time Close.   Construction loans are based on the Prime Rate index.  The Permanent loan becomes a Fixed rate.  "Two Step"  program allows you to borrow up to 90% of your total cost for a Principal Residence and up to 80% on a Vacation Home. Based on the Prime Rate during the construction period with interest only collected on funds disbursed.  Allows a 12 to 18 month construction phase.  After construction a permanent loan with a fixed rate takes over.

Note:  On the above two programs, the loan-to-value could be less if we need to state income, (difficult to verify income) and or borrower has less then good credit.

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    Lot Loans.  Designed for those who found the perfect lot but are not ready to build.  Low down payment loans available.  We have up to 100% financing for Lot Loans. This is a fully documented loan with excellent credit.  For stated and or less then perfect credit. the loan-to-value is less.  Call us, we make loans work!

Information need for loan application:

1. 3 months bank statements ALL PAGES.
2. Most current statements for 401K, Mutual Funds, IRA... etc.
3. Pay stubs for 30 days.
4. W-2s for previous 2 years for all companies.
5. Copy of drivers licenses and social security cards.
6. Contract with builder.
7. Buider license and resume.
8. Cost breakdown.

We also have a stated (difficult to verify income) and or self-employed program.  Fill out the short and simple application below for more details. 

If Applicable:

• Bankruptcy Papers all pages inclde the dischared paper signed by the judge.
• Divorce papers, child support papers and alimony papers.
• Retirement income proof.
• Letters of explanation regarding any late payments, collections, judgments etc.