Construction Loan Option

 

Loan Types Available

 

Eligible Property Types

  • Owner Occupied Homes
  • Second Homes
  • Investment Properties
  • Single Family Homes
  • 2, 3 and 4 Unit Homes
  • Condominiums
  • Attached or Detached Homes
  • Luxury Homes
  • Townhomes
  • Row Homes
  • Log Homes
  • Timber Frame Homes
  • Modular Homes
  • Panelized Homes
  • ICF (insulated concrete form) homes
  • SIP (Structural insulated panel) homes
  • Steel Frame Homes
  • PUDs (Planned Unit Developments)

Eligible Areas

  1. Connecticut
  2. Delaware
  3. Florida
  4. Illinois
  5. Kentucky
  6. Maine
  7. Maryland
  8. Michigan
  9. New Hampshire
  10. New Jersey
  11. New York
  12. North Carolina
  13. Ohio
  14. Pennsylvania
  15. Rhode Island
  16. South Carolina
  17. Texas
  18. Vermont
  19. Virginia
  20. West Virginia

 

Copyright © Construction Loan Quoter

Write us at Construction Loan Quoter, 626 RexCorp Plaza, Uniondale, New York 11556

 

This is a loan that has only one closing. The lender provides both the loan for the construction of the home and for the permanent mortgage..
This loan has two separate closings and may require two separate rates and two separate sets of closing costs.� The advantage to this loan may be in qualifying flexibility. Often times, a lender may offer loan approvals that may not be available under a One Time Close Construction Loan.
This loan requires a borrower to obtain a permanent mortgage through a separate lender. This is usually because the construction lender specializes only in short term, aka interim, construction financing. These lenders are often used in �special circumstance� loan situations. These lenders often provide the ultimate flexibility in qualifying or some other aspect of construction.
This is a loan for owners who want to substantially remodel their home.
This is a loan for properties where construction has already commenced but still needs funds to finish.
This is a loan provided to build a home for the purpose of selling it for profit.
This is a loan provided to owners who will participate in the construction of their home.
This is a loan provided to owners who want to act as their own general contractor
These are loans where borrowers are not required to document the amount of income they earn as a requirement to qualify for the loan.
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