This program is designed for Borrowers who are building a multi-family home to be used as a primary residence or as an investment property. Upon completion, the loan may be converted at no cost to a permanent loan with Normandy.

The Normandy Advantage:
• Fast pre-qualification, typically within 1 to 3 business days
• Deal directly with the Loan Officer/Underwriter
• Loans available to Borrowers with excellent to less than perfect credit
• Flexible draw schedules
• Self Build Borrowers are allowed, as are General Contractors
• Owner and non-owner occupied properties are eligible
• Land purchase may be included in the construction loan, up to 80% of the lot purchase price
• 12 month term (18 month term may be approved on an exception basis)
• Loan Amounts up to 80% of the appraised value
• Flexible Payment Options (no payments or monthly payments)
• Interest only payments based on funds drawn
• Full income documentation, self-employed, limited income and stated income programs available
• Loan Amounts of $75,000 to $2,000,000

Loans available in the following states:AK, AL*, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, MA, MD, ME, MI, MO*, MT, NC*, NE*, NH, NJ, NY, OH, OK, OR, PA, RI, SC, TN, UT, VA, WA, WY      * Non-owner occupied only

Call today @ (800) 390-7536 or click the "Contact Me" or "Pre-Qualify Now" button above.

The following link is for NON-BROKERS ONLY. Brokers should refer to Broker Center. Broker Agreements will not be honored by Normandy if Broker submits a Pre-Qualification using the consumer link above.