Pre-Qualify Now ....

The "Pre-Qualify Now" link is for Customers Only. Brokers should refer to Broker Center. Broker Agreements will not be honored by Normandy if Broker submits a Pre-Qualification using the customer link above...

BUILDER / SOLD CONSTRUCTION LOAN

This program is designed to provide a business loan to a Builder who has a contract to sell the home once the property is completed.  Upon completion of the home, Normandy may be able to provide a permanent loan for your Buyer at a very competitive rate, if desired.

The Normandy Advantage:


• Loans available to Builders with 2 years or less of building experience
• Loan amounts from $75,000 to $1,750,000
• Loan amounts of up to 75%* of the contract price on conforming loan amounts, otherwise up to 70% of contract price
          *Cross collateralization allowed on other properties, if needed, for maximum (or greater) loan amounts
  
• Land purchase may be included in the construction loan.  Please call for a quote.
• Deal directly with the Loan Officer/Underwriter
• Fast pre-qualification, typically within 3 to 5 business days
• Loans are available to Borrowers with excellent to less than perfect credit
• Flexible draw schedules
• Full income documentation, self-employed and limited income programs available
• 1 to 4 family homes preferred, will consider up to 12 units
• 12 month term (longer terms considered)
• Interest only payments based on funds advanced

Non-Owner Occupied Properties include loans available in the following states: AK, AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NJ, NM, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, WA, WV, WY  

Call today @ (800) 390-7536 or use the "Pre-Qualify Now" link above.