his program is designed for Borrowers who are constructing a 2 to 4 family residential owner occupied property. If you are building for investment and do not intend to occupy the property, please see our Commercial Construction program guidelines.

The Normandy Advantage:

  • Loan amounts from $100,000 to $2,500,000
  • Loan amounts of up to 75% of the appraised value. (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)
  • Borrower may act as own General Contractor (No site supervisor required)
  • Borrower must have a minimum of 25% to put down towards the land purchase/subject property acquisition.
  • Foreign Nationals are eligible for this program
  • Deal directly with the Loan Officer/Underwriter
  • Fast pre-qualification, typically within 3 to 5 business days
  • Owner and non-owner occupied properties are eligible
  • Loans are available to Borrowers with excellent to less than perfect credit
  • Flexible draw schedules
  • Full and limited documentation programs available. Limited documentation for non-owner occupied and commercial only.
  • 12 month construction term. An option to extend the term may be granted based on Borrower's performance under the Loan Agreement.
  • Interest only payments based on funds advanced

Rates and Fees:
  • Rates From: 7.95% to 11.95% (Based on Overall Qualifications. See guidelines for details)
  • Loan Fee: 1.50% to 2.00%+
  • Application Fee $295
  • Underwriting Fee: $425
  • Maximum Broker Fee: 1.50% to 2.00% (subject to Broker Compensation option)


Loans available for owner occupied and non-owner occupied properties in the following states: CA, CT, DE, FL, IA, MA, MI, NC, NJ, NY, OR, PA, RI, TX, VA, WA

Loans availabe for non-owner occupied properties only: AK, AL, AR, CO, GA, HI, ID, IN, KS, KY, MD, ME, MS, MO, MT, NE, NM, OH, OK, SC, TN, UT, WY

If 5+ units please see Commercial Loan Programs

To start the pre-approval process, download the Loan Submission Form above and include a completed 1003, Tri-Merge Credit Report and appraisal if available.

Documents required for a full application package. Submit by Email, USPS or overnight mail ONLY:

  • Normandy Loan Submission Form
  • Fully Completed and Signed 1003 application or fully completed and signed Normandy Personal Financial Statement
  • Tri-merge Credit Report for Borrower(s)
  • Current month pay stubs (for W2 Employee)
  • 2 Years Tax Returns Including all Schedules and W2's (if applicable)
  • Asset Verification (2 Months statements for all accounts including checking, savings, 401k, IRA, stocks, other)
  • Legible copy of a valid drivers license for Borrower(s)
  • Pro forma Report (income and expenses)
  • Plans & Specs and Survey Map
  • Construction Cost Breakdown (Normandy Form)
  • Signed and Accepted Purchase Contract for Land/Lot with proof of deposit or Closing Statement on Land/Lot Purchase
  • Signed and Accepted Broker Fee Agreement
  • Signed and Accepted Building Contract (if applicable) and proof of deposit
  • Completed Builder Profile (Normandy Form) (if applicable)
  • Self Build Questionnaire (if applicable)