Finding a construction loan is very difficult today and almost impossible to find over 75 – 80% of the value.
Well, we offer a one-time closing VA and FHA construction to perm mortgage loan to meet this huge need in Virginia and the Carolina’s. Low to no down payment construction perm loans are very much needed and we fill that need for our clients and homebuilders.
We offer the following for construction perm products:
VA construction perm with 100% financing.
FHA construction perm up to 96.5% financing.
Extended rate caps up to 270 days with a rate float down option prior to modification
Available for single family detached homes, detached PUD’s, or Modular homes
Construction loans allow for the modular home factory to be paid prior to shipping the house to the property which helps modular home dealers a lot
If you are looking to build your dream home or you are a builder looking for a great construction perm lender, Contact Team Move today.