ONE TIME CLOSE CONTRUCTION LOANS!!
  • One time close.
  • Unlimited draws (contractors love this).
  • Draws paid within 48 hours of request.
  • No monthly payments during construction phase.
  • Borrowers can qualify 'full doc' or 'stated income'.
  • Minimum 5% borrower own funds.
  • Final proposed value will determine LTV.
  • Borrowers can qualify with a minimum 3 months reserves.
  • Soft costs (permits, inspections etc) can be applied towards down payment.
  • Float to lock on final note rate (if market improves so does borrowers rate).
  • Construction rates starting at 7.625% (O/O SFR).
  • Loan amounts available up to $2M.
  • Lot loans available up to 50 acres (restrictions apply).
  • 2nd home terms available.
 
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4747 Lincoln Mall Drive, Matteson, IL 60443
( 800) 877-7601 (708) 228-5201 fax: (708) 228-5207
An Residential Mortgage Licensee