Loan amounts up to 60% of the appraised value (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)
Loan to cost typically 75% – 80%
Land purchase may be included in the construction loan. Please call for a quote.
Foreign Nationals are eligible for this program
Deal directly with the Loan Officer/Underwriter
Full income documentation, self-employed and limited income programs available
Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days or less under certain circumstances (fast track closings 14+/- days available)
Loans are available to Borrowers with excellent to less than perfect credit
12 month construction term with extensions available
Interest only payments based on funds advanced
New Builders will be considered
Rates and Fees:
Rates From: 7.95% to 8.95% (Rates and fees based on credit score, income, savings and LTV)
Loan Fee: 1.50% to 2.00%
Application Fee $450 (Inspection fee may apply); Fast Track Application Fee $1,250
Underwriting Fee: $450
Loans available for: AK, AL, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MD, ME, MI, MO, MS, MT, NC, NE, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, UT, VA, WA, WV, WY
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.