Home Construction
Loans, Home Improvement Loans
and Lot Loans
One-Time
Close Home Construction Loan Programs
Lot Loan Programs
Remodeling Loans and Home Improvement
Loans
Choose from a wide array of
home construction loans for all stages of the process. Lot loans
can be individually financed. Construction loans can be funded separately if the
land is already owned. Or, you may choose the one-time close option which
integrates the lot loan, home construction loan and a permanent, mortgage loan, with no additional cost.
One loan, one set of costs for
three separate purposes! Lot loan, construction loan, permanent financing.
This can save you tens of thousands of dollars! Available in California and
several other states. See Loan Availability by State
A wide array of program offerings
are available from multiple investments sources: One year adjustable loans,
interim fixed rate loans with initial periods of three years, five years or
seven years, or fifteen or thirty year fully amortized loans.
| Loan Term |
Initial Construction Rate |
Roll-Down Rate |
Points |
Approx. APR |
NOTES |
| 1 Year CMT Adjustable |
4.500 |
4.500* |
1.00 |
4.680 |
90% LTV to $400,000, 80% to $650,000, 75% to
$1,000.000, 70% to $3,000,000 - * Convert to Fixed Rate or to basic one
year ARM at construction completion. |
| 15 Year Fixed Conforming |
6.000 |
6.000 |
1.25 |
6.145 |
95% LTV to $359,650 |
| 15 Year Fixed Jumbo |
6.000 |
6.000 |
1.25 |
6.125 |
90% LTV to $400,000, 80% to $650,000, 75% to
$1,000.000, 70% to $3,000,000 |
| 30 Year Fixed Conforming |
6.750 |
6.750 |
1.25 |
6.815 |
95% LTV to $359,650 |
| 30 Year Fixed Jumbo |
6.750 |
6.750 |
1.25 |
6.801 |
90% LTV to $400,000, 80% to $650,000, 75% to
$1,000.000, 70% to $3,000,000 |
| 3/1 Interim Fixed Conforming or Jumbo |
4.875 |
4.875 |
1.00 |
5.161 |
90% LTV to $400,000, 80% to $650,000, 75% to
$1,000.000, 70% to $3,000,000 |
| 5/1 Interim Fixed Conforming or Jumbo |
5.250 |
5.250 |
1.00 |
5.443 |
90% LTV to $400,000, 80% to $650,000, 75% to
$1,000.000, 70% to $3,000,000 |
Adjustments to loan amounts, rates, points and margins would be required for
longer construction periods, Stated Income Loans or No-Doc loans and Second Homes.
Lot
Loans:
| Loan Term |
Initial Rate |
Points |
Approx. APR |
NOTES |
| 30 year Amortized - Due in 2 years - Fixed |
7.750 |
1.75 |
8.32 |
75% LTV to $500,000 Full Doc or 65% to $500,000
and 70% to $300,000 Stated Income |
| 30 year Amortized - Due in 2 years - Fixed |
8.250 |
1.25 |
8.91 |
75% LTV to $500,000 Full Doc or 65% to $500,000
and 70% to $300,000 Stated Income |
| 30 year Amortized - Due in 2 years - Fixed |
9.750 |
0.75 |
10.18 |
75% LTV to $500,000 Full Doc or 65% to $500,000
and 70% to $300,000 Stated Income |
| 30 year Amortized - Due in 5 years - Adjustable |
5.950 |
1.75 |
7.32 |
75% LTV to $500,000 Full Doc or 65% to $500,000
and 70% to $300,000 Stated Income |
| 30 year Amortized - Due in 5 years -
Adjustable |
6.950 |
1.25 |
7.68 |
75% LTV to $500,000 Full Doc or 65% to $500,000
and 70% to $300,000 Stated Income |
| 30 year Amortized - Due in 5 years -
Adjustable |
7.950 |
0.75 |
8.18 |
75% LTV to $500,000 Full Doc or 65% to $500,000
and 70% to $300,000 Stated Income |
Home Improvement
Loans and Remodeling Loans:
Value is based upon Completed
Value!
| Loan Term |
Initial Rate |
Points |
Approx. APR |
NOTES |
| 30 year Amortized - Fixed for 15 years |
6.625 |
1.00 |
6.812 |
Loan-to-Values to 100%. Value based upon completed value! 12 month construction
period. |
| 15 year Fixed - Fully Amortized |
6.375 |
1.00 |
6.512 |
Loan-to-Values to 100%. Value based upon completed value! 12 month construction
period. |
Notes:
- Interest Rates are always in a state of flux, are subject to change
without notice, are subject to borrower and property qualifications, may be subject to
adjustments due to loan amounts or FICO scores, and will vary according to the length of
loan lock required.
- Annual Percentage Rates quoted are approximations only and will vary
according to loan amount, date of closing and regional cost variations.
|
