Residential Purchase / Refinance Loan

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Brokered Residential
Purchase / Refinance Loan

This program is designed for Borrowers who are acting as their own general contractor to construct a residential property.

General Guidelines*

  • Loan Amounts: $75,000 to $2,500,000
  • Maximum Loan to Value Purchase: 80% / Refinance 75% (subject to the number of units, loan size, loan term, occupancy, credit score and income).
  • Owner and Non-Owner occupied properties are eligible
  • Foreign Nationals are eligible for this program
  • Deal directly with the Loan Officer/Underwriter
  • Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days or less under certain circumstances (fast track closings in 14 +/- days available)
  • Full income documentation
  • Loans are available to Borrowers with excellent to less than perfect credit
  • 1 to 4 family properties are eligible
  • 15 to 30 year term available
    *All rates and terms subject to change without notice

          Rates and Fees:

  • Rates From: 7.95% to 9.95%+ (market rates do not apply)
  • Loan Fee: 1.25% to 2.00%
  • Application Fee: $295
  • Underwriting Fee: $425
  • Maximum Broker Fee: 1.50% to 2.00% (subject to Broker compensation option)

To start the pre-approval process, download the Loan Submission Form above and include a completed 1003, complete 3 day Disclosure Package if owner occupied, current Tri-Merge Credit Report and appraisal if available.

Loans available in the following states: CA, FL, MI, NC, NJ, NY, OR, PA, VA, WA

Draw Request Submitted

Thank you for requesting a draw.  You will receive an email or call confirming your draw request has been received within 1 business day.  If you do not receive confirmation, please contact our office at 800-390-7536.  Please notify us of any changes you wish to make to your request.  

Normandy Corporation

Thank you for scheduling your payment.  You should receive an email confirmation of payment within 1 business day.  If you do not receive a confirmation email within 1 business day, please call our office to confirm at 800-390-7536.