One Time Close New Construction Loans:

   Conventional Loans

• Available on 15-and 30-year fixed conventional, high balance and 7- and 10-year ARM options.
• Eligible on primary, second and investment property purchases and rate/term refinances
• Loan amounts up to the conforming loan limits
• 700+ FICO, up to 95% LTV
• DU eligible
• 11-month maximum build period with 1-month modification period
• Interest-only monthly payments during the build period

VA Loans

• • Available on 30-year fixed loans
  • Loans up to $4M
  • Eligible on primary home purchases and cash-out refinances
  • 580+ FICO, up to 100% LTV
  • DU eligible
  • 11-month maximum build period with 1-month modification period (build period is deducted from the loan term)
  • No monthly payments during the build period

Rehab Fix and Flip Mortgage

• Any level of investor experience
• Credit scores as low as 660
• Non-owner occupied Single Family, Multi Family up to 4 units property types
• Purchase Loan Amount – up to 85% of Cost, depending on investor experience
• Construction Loan Amount – up to 100% of Cost, depending on investor experience
• Total loan amount is up to 85% of the total cost (maximum after repair value LTV 70%)
• 12-month loan term with Interest Only payments