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SELF-BUILD CONSTRUCTION LOANS

For borrowers who are acting as their own general contractor and/or plan to complete some of the construction themselves on a residential owner-occupied property

  • Loan amounts from $95,000 to $5,000,000

  • 85% of appraised value for loans of up to $766,550 (Max 85% LTC)

  • 80% of appraised value for loans greater than $766,550 (Max 85% LTV)

  • Up to 75% of appraised value for loans greater than  $1,000,000

  • Land purchase may be included in the construction loan

        (up to 75% of the lot purchase price)

  • Rates: Prime Rate plus 2.75% to 3.75%

  • Borrower acts as own General Contractor (no Site Supervisor required)

  • Interest only payments based on funds advanced

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