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 at no cost to a permanent loan with Normandy. Refer to “One Close” Construction/Permanent Loan (see permanent loan rates below).

The Normandy Advantage:

• Borrower acts as own General Contractor (No site supervisor required)
• Loan amounts from $75,000 to $2,000,000
• Loan amounts of up to 90% of the appraised value on single family owner occupied homes (up to 80% of appraised value on 2 to 4 family owner occupied and non-owner occupied homes)
• Land purchase may be included in the loan, up to 80% of the lot purchase price
• 12 month construction term (up to 18 months on an exception basis)
• Rates start at 6.95% during construction (requires “One Close” Construction/Permanent Loan with Normandy)
• Fast pre-qualification, typically within 1 to 3 business days
• Deal directly with the Loan Officer/Underwriter
• Flexible draw schedules
• Interest only payments with flexible payment options
• Loan programs available to Borrowers with less than perfect credit

The "Pre-Qualify Now" 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.