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.
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