Construction Loan Packages
tailored for your needs

Be your own General Contractor and save Big

  • Construction loan up to 80% of the completed value

  • Property can be purchased or paid off at close - little or no cash down possible (purchase requires 10% down payment of the land only)

  • Interest only payments

  • Money paid directly to you, provides great flexibility

  • Site built, Modular, Log, Timber-frame, etc. all welcome

  • Availible for major renovations too

  • Unlimited draws

  • Two time close - avoid PMI

Example:
Appraised Value
$
250,000
Construction Loan
$
200,000
Breakdown:
Land Payoff
$
40,000
Cost to build
$
155,000
Miscellaneous
$
5000
Equals loan of:
$
200,000
Instant Equity
$
50,000

With Full Building Contract

  • Construction financing up to 95% of the total cost, including land purchase

  • Single closing available with low interest rate locked for 3 or 5 year, no need to requalify

  • Interest only payments during construction

  • Easy Builder approval, simple draw process

  • Property can be purchased or paid off at closing

"Expanded" Construction Options

  • No income or asset verifcation required

  • Poor credit / no credit accepted

  • Must own land free and clear; have the cash to pay for the land or have a land contract holder willing to subordinate until the end of the project

8359 South State Rd, Suite A-3
Goodrich, MI 48438
Toll Free: 866-636-3669
Local: 810 636-3600
Fax: 810 636-3606

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