PA Construction Loan Program I --- 10% Down,  Prime - 1%Program:

• Up to 12 month construction phase.
• Current Rates
• Interest only During Construction Phase
• 1 point to cover inspections for draws and no other construction loan fees!  .  
• Permanent rate is best rates available -- no higher rate over 30 years for being construction loan.
• Contact us for more information at 610 326-2099.
• Guidelines: Minimum credit score  660.  Bankruptcy, if applicable, must be discharged over 4 years.
• Modular Homes okay (no doublewide or HUD code)

• 90% LTV  --- 10% down.

• New! Construction Program III ---  No doc or low credit score. 
  Investors, Self Build all accepted: (NO LONGER AVAILABLE)
   
  • Rates start at 3.99% fixed
  • Contact us for other rate/points combination at 610 326-2099.
  • Minimum 10% down.  90% LTC (Loan to Cost)
  • Use lot equity for down payment
  • Guidelines: Minimum credit score  540. 
  • More details.
  • Self builds okay. 
  • No construction experience required.
  • New Houses where construction is in process accepted
  • Up to 4 units.
  • Investment properties accepted.
  • All loans in this program are No doc.

  .

• Interest Rates
• Contact us for other rate/points combination at 610 326-2099.
• Loans 95% LTC (Loan to Cost) 
• 5% down required (or use lot equity)
• Lock in for Permanent Phase locked in prior to construction with free float down option. Details.
• Guidelines: Minimum credit score  660.  Bankruptcy, if applicable, must be discharged over 4 years.
• Modular Homes okay (no doublewide or HUD code)
• 660 minimum credit score
• No self builds.  General contractor required.

Forms needed for construction loans:

• Sample specifications list:   Word    pdf
• Sample construction contract form: Word    pdf

 PA LOT LOANS.  Buy lot now, build home later. Primary residence or 2nd home lot loans.

Program 1:         20% down -- lowest rate (not available in Poconos) 5 acre max. 3 year FIXED.
Program 2:         20% down.  25 acre max.  3 year balloon with up to 30 year amortization.

General Notes:
620 minimum credit score required for a lot loan (use program 1 below 660).
$60,000 minimum loan amount - all lot loans.

Call 610 326-2099 or email us for details.