Basically, I do the pre-approval for the permanent loan and then the
construction loan works off of my documentation, utilizing the credit
package and appraisal. The construction loan asks that the borrower
invest 10% of the hard costs of the project and new this week, the
borrower must have a post closing liquidity of 10% of the construction
loan.
| Construction Payouts |
|---|
| 25% up front |
| 50% when on foundation |
| 25% at closing |
Building a new home can be an exciting prospect - unless you get caught up in a construction loan approval process that is overly complicated and time consuming. With this loan, we will finance up to 90% of the cost of land plus the costs of construction. We offer a one-time fixed rate closing or traditional ARM products.
Avalanche with Family Room
Avalanche
| 1699 Sq Ft. | One Story |
| 3 Beds | 2 Baths |
Standard VIP Features: Plus:
| Option | Standard | Avalanche |
|---|---|---|
| Alternate 14′-8″ family room | $11,225 | $8,995 |
| “Super Size” 30′4″ wide” | $5390 | $4150 |
| Glamour bath w/ 72″ tub | $2020 | $12952 |
| Hardi Lap Siding on Three Sides | $15/LF | $15/LF |
| Cabinet Over Washer/Dryer | $175 | $95 |
| 2-Panel Interior Doors T/O | $675 | $385 |
| 3″ Base Molding T/O | $525 | $325 |
| 50 Gallon Gas or Electric W/H | $150 | $95 |
| Paddle Fan | $150 | $95 |
| Ceramic Tile Edge T/O | $625 | $275 |
| Transport & Setup | ||
| Appliance Package | $1615 | $995 |
| * 22 cu’ Refer | ||
| * Self Cleaning Range | ||
| * Space-saver Microwave Range-hood |
| 1360 Sq. Ft. | 1 Story |
| 3 beds | 2 baths |
| 1360 Sq. Ft. | 1 Story |
| 3 beds | 2 baths |
| 1,170 Sq. Ft. | 2 Bath |
| 3 Beds | 0 Garage Spaces |
| 1,170 Sq. Ft. | 2 Bath |
| 3 Beds | 0 Garage Spaces |
| 1213 Sq. Ft. | 1 Story |
| 3 beds | 2 baths |