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Construction Programs
 

One option just isn’t enough in anymore.  This is why Construction Advisors has compiled one of the largest networks of construction products available.  This vast array of products is what drives our extremely high rate of success and overall client satisfaction.  When you choose to work with Construction Advisors, not only will you like what you hear…you will actually get it.

Take a look at just some of the products available to our clients:
   
One time close construction loans
 
  • One closing, one set of costs
Very competitive rates
 
  • Rates that meet or beat the construction loan national average
Conforming loans
 
  • These are loans that meet the qualification standards of agencies such as Fannie Mae or Freddie Mac.  Currently, these agencies only permit loan amounts under $417,000.
Jumbo and Super Jumbo loans
 
  • These are loans that go over $417,000.  Our products can easily support up to $5 million.  Any requests over $5 million are case by case.
Borrow up to 95% Loan to Value
 
  • Buy land and build with as little as 5% down payment
Borrow up to 100% Loan to Cost
 
  • In many cases, up to 100% of your construction costs can be financed
Owner-builder/Owner-contractor
 
  • The products are designed for clients who want to cut out the costs of a general contractor.  In many cases, no experience required.
Unique properties/Situations
   
Our products can help folks with:
 
  • Log or Timber Frame homes
  • Modular homes
  • SIP Homes
  • ICF Homes
  • Steel frame homes
  • Excess acreage
  • And more
   
Appraised value financing

In many cases, your required down payment can be reduced based on the outcome of your home’s completed appraisal value.
 

Downpayment Comparisons

Down payment requirement with traditional bank approach (acquisition costs)

Down payment requirement with Appraised Value Financing

You own land valued at

$40,000

$40,000

Construction costs will be:

$240,000

$240,000

Total Acquisition Costs

$280,000

$280,000

Home value when construction is complete

NOT CONSIDERED UNLESS THE VALUE IS LESS

$310,000

Maximum Loan to Value per bank guidelines

80% of total acquisition costs

80% of appraised value

Maximum Loan Amount

$224,000
($280,000 x 80%)
(Loan to cost x Maximum LTV)

$248,000
($310,000 x 80%)
(Appraised value x Maximum LTV)

Down payment required (out of pocket)

$16,000 + closing costs

$0 down payment +
$8,000 available to cover closing costs
 
 
 
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