For every house is built by someone, but
God is the builder of everything. Hebrews 3:4
PRIVATE MONEY OWNER-BUILDER LOANS!! CLICK HERE!
That's Right! They're BACK!
Stated Income Owner Builder Home Loans
| Owner Occupied |
1 |
2 |
3 |
| Maximum LTV |
70% |
70% |
70% |
| Maximum LTC |
80% |
75% |
70% |
| Credit Score |
780 |
740 |
700 |
| Rate |
3.99% |
4.99% |
5.99% |
| Discount Points |
3-points |
3-points |
3-points |
| Term |
6-Months |
6-Months |
6-Months |
| Rate Adjustment after 6-months + 3% |
| $400,000 Maximum. 1-2 units stick-built only.
No land payoff, no subordination.
Land value not included in cost calculations (LTC). Add 1% additional discount point to fee for completion requests (no debt payoffs).
Appraisal based on maximum five acres with close, recent and similar sold comparables; non-rural. So, basically, if you own your land and you have at least a 700 score and 25-30% of the costs to build you're GOOD! Lending in
All 50 states and the District of Columbia, with the following exceptions:
1) No loans offered in AR, SD.
2) Owner occupied program NOT offered in IN, KS, ME, MN, MS, NJ, NC, OH,
RI, SC.
3) Owner occupied, self-build projects in TX require existing home
ownership in TX.
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*Buy and Sell Houses*
up to 102% FINANCING
FOR BUYERS!
Works nicely to pay off construction loans!
CALL NOW FOR INFORMATION!
(832) 232-3756
TWO ALL COSTS INCLUDED PROGRAMS AVAILABLE!
Choose one that's RIGHT FOR YOU! |
#1 ALL COSTS INCLUDED Owner Builder!
OR
5% DOWN with a Licensed GC!
** 80% of COST TO BUILD **
This loan is ALL COSTS INCLUDED if you have 20% Equity**
Maximum of 80% of COSTS
for Owner Builders!
Lot, Labor, Materials, Soft Costs, Closing Costs, Interest Reserve....
You name it, they pay for it!
This includes Construction AND Permanent Financing!
ALSO....
95% of COSTS
with a General Contractor!!!
Qualifying rate 5.625%
APR 5.6573
based on $100K Loan, 360mos
* *
Texas law requires a site supervisor who is a Registered Builder.
Your building department will dictate your particular situation.
Email moc.procgnidnelnoitcurtsnoc@sirrahme
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#2 ALL COSTS INCLUDED!
STATED INCOME
AVAILABLE!
OWNER BUILDER - REHAB - NEW CONSTRUCTION!
*IN THESE STATES ONLY*:
New York - Connecticut - Arizona - Maine Massachusetts - Michigan
New Hampshire Pennsylvania - Vermont |
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LIST OF REQUIRED ITEMS FOR LOAN PROGRAM #2
ALL COSTS INCLUDED Stated Loans CLICK HERE |
*BUY AND SELL HOUSES!*
up to 102% FINANCING
FOR BUYERS!
CALL NOW FOR INFORMATION!
(832) 232-3756
The Lord's Word Never returns to Him Void, but rather accomplishes that for which it was purposed. Amen.
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Email moc.procgnidnelnoitcurtsnoc@sirrahme. I'll be happy to walk you through the process, and help get you qualified and on the road to building your dream home!
My Fax is: 1-404-503-9328.
I'm here to help!
I look forward to working with you on this and all your future construction projects.
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TX Mortgage Banker License 70715
Edith M. Harris, W2 Employee
OCM, Inc. 2700 N. Main Street, Suite 1200 Santa Ana CA 92705
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