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. Please call for additional information on other programs offered. (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
  • 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%+ (Based on Overall Qualifications)
  • 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, 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.