Non-Conventional Loans
- Construction Loans (One Time Closings)
These types of loans are for the borrower who does not meet the traditional guidelines set forth above. They provide us, as your lender, a way to ensure that we have a solution to the issues or obstacles you may encounter in trying to obtain a mortgage. Please contact your loan officer to see which product best fits your financing needs.
This program takes a borrower through lot acquisition, construction, and conversion to a permanent loan upon completion of the project. A construction loan is a one-time close loan program to finance the construction of your dream home, providing both the construction funds and the permanent loan. This means you will save thousands by not having additional closing costs from multiple loan settlements.
- Renovation Loans (One Time Closings)
A Renovation Loan is a construction loan for a primary residence that the applicant already owns. This program allows the homeowner to borrow funds based on the fully renovated value.
- Bridge Loans
Bridge Loans facilitate a non-contingent contract for the purchase of a new primary residence using equity in a borrowers existing primary residence.
