Primary Residences and Second Homes

One Time Close-Everything is Inclusive: Finance the home, lot, and permanent mortgage in one loan closing 

Newly constructed: 1-unit site-built and modular homes, multiwidth manufactured homes for Primary Residences, Second Homes and Investment Property.

Max loan-to-value (LTV): 

• FHA: 96.5% -3.5% Down Payment
• VA and USDA: 100% – 0- Down Payment
• Conventional: 95% – 5% Down Payment

Credit Scores

• FHA/VA/USDA: minimum credit score 640 
• Conventional: minimum credit score 680 

Term

• FHA/VA/USDA: 15 and 30 year fully amortizing fixed 
• Conventional: 15, 20, or 30-year fixed; super conforming mortgages (in designated high-cost areas) 

Builders and Investors New Construction Loans

Max Loan to Cost (LTC)

• 85% 1-4 Units   
• 75% LTC  Multifamily 5+ Units

Credit Scores

• Minimum Fico  660

Loan Amounts

• Minimum $100,000 1-4 Units
• Minimum $200,000 5+ Units
• Maximum $3,000,000

Builder/Contractor Experience Required

• 3+ Investment Properties in Last 3 Years
• Minimum Credit Score 660