A one-time close construction loan allows you to borrow the money you need for construction and guarantees you a permanent mortgage when you complete the build. Pre-qualifying for a construction loan is easy, just click on the link below or call one of the loan officers to discuss your project.
WHAT CREDIT SCORE DO YOU NEED FOR A CONSTRUCTION LOAN?
Primary: 620 minimum FICO score
- Primary: 600 minimum FICO score Up to $1,000,000 100% Financing (LTV – Loan to Value Ratio)
- 660 minimum FICO score $1,000,001 – $2,000,000 90% Financing (LTV)
Primary: 700 minimum FICO score
HOW MUCH MONEY DOWN WILL I NEED FOR A CONSTRUCTION LOAN?
If you own your own land you may qualify for 100% financing but you don’t have to own land to get a construction loan. Some programs offer 100% financing to buy land and construction and other programs need as little as 3-5% down. Speak with a loan officer for the best programs.
contact a loan officer or fill out an application online.
Brandon Polito – Cell: 615-479-4428
Steve Cantrell – Cell: 615-507-9466
Check out this Barndo Plan
Are custom plans better than stock plans?
Well we think so. In most cases, designing your own custom barndominium house plans only costs about 45% more than stock house plans. But the huge advantage is, you always get what you want with custom plans.
1. Strategic planning
Helping you make critical decisions is what we do.
2. CREATIVE DESIGNS
Coming up with creative solutions is fun for us.
3 . REALITY REALIZED
You benefit from our years of experience. Just give us a try.