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The 100% Construction Financing program has been temporarily withdrawn. Check back soon! 100% Construction Financing 100% Construction FinancingThe 100% construction financing mortgage is designed to offer new home construction opportunities to individuals with good credit but who lack the ability or desire to make a down payment on a home. It provides an option for those who wish to invest thir savings in assets other than their home. The fixed rate loan is available for purchase, construction, or purchase/ home improvement of an owner occupied primary residence. While you are not required to make a down payment, you must have 3% in the transaction. These funds are applied toward your closing costs and may come from your own funds, a gift from a relative, grant, or sale of assets you own. As with all construction loans, we charge interest only during the construction period. The Zero Down Mortgage refers to the end loan product.
Please go back to the top of my construction financing section for extensive information on the construction loan process. I have written a series of newsletters covering construction/perm financing loans which are available free. One final but important note. Construction financing loans are complex and are a specialized area of mortgage lending. I have many years of experience in construction financing loans and in most years will close in excess of $3,000,000 of these loans. As an experienced mortgage broker, I have access to most construction financing loan programs available today and will research the market for the construction financing loan program which makes the most sense for you. I prefer to analyze your goals and financial situation before I recommend a loan program but I will always make sure you clearly understand the options available to you. I stay with my clients from the beginning to the end of the project. If there is an issue with the lender, I will intercede on your behalf. I work for you, not the lender.
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