Multi Family 2-4 Unit Loans
For a Rate and Fees quote call
800-390-7536
Multi Family 2-4 Unit Loans
This program is designed for Borrowers who are constructing a 2-4 family residential owner occupied property. If you are building for investment and do not intend to occupy the property, please see our Commercial Construction program guidelines.
General Guidelines*
- Self Build available
- Loan amounts from $95,000 to $5,000,000
- Loan amounts up to 75% of the appraised value. Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts
- Borrower must have a minimum of 25% to put down towards the land purchase/subject property acquisition
- Foreign Nationals are eligible for this program
- Deal directly with the Loan Officer/Underwriter
- Full and limited documentation programs available. Limited documentation for non-owner occupied and commercial only.
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
- Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
- Flexible draw schedules
- 12 month construction term with extensions available
- Interest only payments based on funds advanced
*All rates and terms subject to change without notice
