1- CLOSE CONSTRUCTION LOAN. Custom Home Financing!
AVAILABLE ON CONVENTIONAL AND VA LOANS!
DHL offers construction home financing. Once a buyer has their home site and decides to use a specific builder, we can finance the cost of construction.
- 6, 9, and 12 month construction options
- 90% Loan to value
- 700 credit score required
- Interest only payments during construction
- Permanent interest rate locked in at construction close.
Conventional Construction:
- Available on 15-and 30-year fixed conventional, high balance and 7- and 10-year ARM options
- Eligible on primary, second and investment property purchases and rate/term refinances
- Loan amounts up to the conforming loan limits
- 700+ FICO, up to 95% LTV
- 11-month maximum build period with 1-month modification period
- Interest-only monthly payments during the build period
VA Construction:
- Available on 30-year fixed loans
- Eligible on primary home purchases and cash-out refinances
- 620+ FICO, up to 100% LTV
- 11-month maximum build period with 1-month modification period (build period is deducted from the loan term)
- No monthly payments during the build period
