This program is designed for Borrowers who are acting as their own general contractor to construct a residential owner occupied property (Non-owner occupied properties allowed. Please call for details.).

The Normandy Advantage:

  • Loan amounts from $100,000 to $3,000,000
  • Loan amounts up to 90% of the appraised value for loans of $425,000 or less and 80% for loans over $425,000 on single family, owner occupied, full income documentation. (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)
  • Land purchase may be included in the construction loan, up to 75% of the lot purchase price
  • Borrower may act as own General Contractor (No site supervisor required)
  • Foreign Nationals are eligible for this program
  • Deal directly with the Loan Officer/Underwriter
  • Full documentation programs available
  • Fast pre-qualification, typically within 3 to 5 business days
  • Closing typically within 21+/- days subject to receipt of required documentation
  • Loans are available to Borrowers with excellent to less than perfect credit
  • Flexible draw schedules
  • 1 to 4 family homes preferred, see Multi-Family for more than 4 units
  • 12 month construction term
  • Interest only payments based on funds advanced

Rates and Fees:
  • Rates From: 7.95% to 9.95%
  • Loan Fee: 1.50% to 2.00%
  • Rates and Fees based on credit, income, savings and LTV
  • 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, VA, WA

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

To start the pre-approval process, download the Loan Submission Form above and include a completed 1003, Current 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
  • 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)
  • Signed and Accepted Purchase Contract for Land/Lot with proof of deposit or Closing Statement on Land/Lot Purchase
  • Plans & Specs and Survey Map
  • Signed and Accepted Broker Fee Agreement
  • Self Build Questionnaire and completed Construction Cost Breakdown (Normandy form)

Other: Normandy reserves the right to order the appraisal if the appraisal submitted by the brokering company is not satisfactory to Normandy.