Construction Lending

no doc loans
by Vietnam Plants & The USA. plants

Question by hww22: Can a home loan be changed later down the line?
If I were to get a no ratio or a no doc loan could I change it to something else later to get a lower interest loan and how much does it cost to do this?

Best answer:

Answer by ??Always Singing??
You would need to refi.

Add your own answer in the comments!

Construction lending

Construction Lending

construction

Construction Lending

Construction Lending Information

Hard Money and Conventional Construction Lending

We have your capital for construction lending success!

Commercial and Residential construction lending…including entire subdivisions. Finance One construction lending helps investors leverage their capital to build properties for investment purposes. We are fast and we understand that our investors can’t wait for conventional financing and must close deals quickly. We provide expedited funding turn around allowing our investors to realize faster profits. Finance One provides quick capital for investors in most state and can close deals fast.

Provides Unique Construction Lending Programs

Our construction construction lending programs provide investors with an easy submission process, price fast underwriting and quick construction lending closings, website and is designed for investors with special construction lending circumstances and special construction lending needs. We will work hard to fund your construction lending investment opportunity in as little as 10 business days. Commercial and Residential construction lending, to entire subdivisions, Finance One has your construction lending for success!

The program is designed for Borrowers who are acting as their own general contractor to construct a residential property construction lending. The Advantage:

  • Borrower acts as own General Contractor (No site supervisor required)
  • Loan amounts from $75,000 to $2,000,000
  • Loan amounts of up to 80% of the appraised value on single family, owner occupied, full income documentation, conforming loan amounts. Otherwise, up to 85% loan to value (up to 75% of appraised value on 2 to 4 family owner occupied and non-owner occupied homes)
  • Land purchase may be included in the loan, up to 75% of the lot purchase price
  • 12 month construction term (up to 18 months on an exception basis)
  • Rates start at 7.95% during construction
  • Fast pre-qualification, typically within 3 to 5 business days
  • Flexible draw schedules
  • Interest only payments with flexible payment options
  • Loan programs available to Borrowers with less than perfect credit

Construction lending available in the following states: AK, AL, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, MA, MD, ME, MI, MT, NH, NJ, NY, OH, OK, PA, RI, SC, TN, UT, VA, WA, WY Your Preferred Resource for construction lending Finance One construction lending makes it easy to add private lending to your book of business. By working with us, you have a powerful ally and partner on your side. Our common sense construction lending underwriting provides you the confidence and security of knowing the status of your loan in real time.

More info on Finance One Construction Lending:

Program many not be available in all states (case by case). Programs and guidelines subject to change without notice.

Find program guidelines for your your city or state:

Affiliations: NAMB | NBA | NAMP | GM

This is not an offer to lend. Call for details. Construction Lending programs & rates change daily and without notice.

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