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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.
SELF BUILD CONSTRUCTION LOAN

This program is designed for Borrowers who are acting as their own general contractor to construct a residential property. Upon completion, the loan may be converted to a permanent loan with Normandy or to customer's end loan of choice. Refer to Construction to Permanent Loan.

    The Normandy Advantage:

  • Borrower acts as own General Contractor (No site supervisor required)
  • Loan amounts from $75,000 to $1,750,000
  • Loan amounts of up to 90%* of the appraised value on single family, owner occupied, full income documentation, conforming loan amounts. Please call for additional information on other programs offered.
              *Cross collateralization allowed on other properties, if needed, for maximum (or greater) loan amounts
  • Land purchase may be included in the loan, up to 75% of the lot purchase price
  • Deal directly with the Loan Officer/Underwriter
  • Full and Limited Documentation programs available
  • Fast pre-qualification, typically within 3 to 5 business days
  • Loan programs available to Borrowers with excellent to less than perfect credit
  • Flexible draw schedules
  • 1 to 4 family homes preferred, see Multi-Family for more than 4 units
  • 12 month construction term (up to 18 months on an exception basis)
  • Interest only payments based on funds advanced

Owner Occupied Properties include loans available in the following states: CA, CT, DE, FL, ID, IA, MA, MD, MI, NJ, NY, OR, PA, RI, VA, WA

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

NORMANDY CORPORATION
NMLS #71492
Principal Business Address: 46 Prince Street, Rochester, New York 14607
585-256-2600 * 800-390-7536 * Fax: 585-256-2836
Hours: Monday - Friday   9 am to 5 pm


 

 Copyright © 2011 by Normandy Corp. All rights reserved.