Residential Purchase / Refinance Loan
For a Rate and Fees quote call
Purchase / Refinance Loan
This program is designed for Borrowers who are acting as their own general contractor to construct a residential property.
- 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.