Construction to Permanent Loan

First Time Home Buyer OK

“I never thought I could buy a brand new house!” said Luis R. on closing day.

Why worry about re-qualifying or incurring additional costs? Designed for manufactured, modular, and stick-built housing, this program offers an all-in-one financing option for construction, lot purchase, and permanent mortgage funding with one closing. Because the permanent loan is closed before construction begins, there is no need to re-qualify the borrower, simplifying the construction and purchase process.

Construction to permanent financing in one mortgage. Single closing, where the consumer buys the land, finances the construction and ends with a fixed rate permanent loan.

Minimum credit score of 720 for 5% down payment.

For manufactured, modular and stick-built properties finance the construction, lot purchase and permanent mortgage all with a single loan. No re-qualification and no second appraisal.

• VA: new multi-wide manufactured housing, modular housing,
  1-unit stick-built housing
• USDA: new multi-wide manufactured housing,
  modular housing, 1-unit stick-built housing
• FHA: multi-wide manufactured housing, modular housing,
  1-unit stick-built housing

VA and USDA allows 100% financing No Money Down with a minimum 620 credit score.

FHA requires 3.5% down payment with a minimum 620 credit score.

Call Us 888.958.4228