REALTOR®
Does Your Customer Want to Buy Residential Land to
Build Their New Home???

We can now offer your Customer a new Construction Loan Program that can Finance Land, Construction and Permanent Loan with only ONE Rate and Only ONE Closing.  Before Construction Starts!!!


  • If your Customer has to Buy the Land, it will finance the Purchase of the Land, the Construction, and the Permanent Loan.
  • If your Customer Owns the Land and it is Free and Clear it will Finance the Construction and the Permanent Loan, and Consider the Value of the Land in the Valuation.
  • If your Customer Owns the Land and it is the land is Financed, it will Pay off the Land, Finance the Land, the Construction and the Permanent Loan,

This is a Great Savings and Convenience, as your Customer will pay Closing Costs ONLY Once.

 

    • PROGRAMS: Conventional:   15 and 30 years. 7/6 and 10/6 ARMs       VA: 30 years Fixed, 30 years JUMBO
    • USE: Primary, 2nd Homes, Investment.      VA: Primary.
    • MAXIMUM LOAN AMOUNTSConventional:  1 Unit: $726,200 * 2 Units $929,850 * 3 Units $1,123,900
      * 4 Units: $1,396, 800.      
      Monroe County
      : 1 unit: $874,000 *  2 Units:$1,118,900 * 3 Units: $1,352, 450 * 4 Units: $1,680,800
      VA: $4,000,000  Max

    • TYPE: 1 to 4 Families Homes. Modular Homes OK, No Condos. No Manufactured Homes
    • FICO: 700,   VA: 580. *
    • MINIMUM DOWN: 5% Down Payment.    VA: 0%
    • BUILD PERIOD MAXIMUM: 11 Months
    • BUILD PERIOD MONTHLY PAYMENTS:  Conventional: Interest-only payments on the Amounts Drawn.
      VA: Borrower makes NO payments
      Permanent Loan Monthly Payments; Principal & Interest

    * Other Terms and conditions may apply.


BETTER FOR Sellers & Realtors

Buyer: Can Purchase the Lot with as Low as 5% Down and finance the price in the Construction-Permanent Loan Package. Seller gets Paid at Closing even before construction starts.

BETTER FOR BORROWERS

  • Save time and money. One closing means only having to cover one set of closing costs.
  • No settling. With new construction, You really can have the home of their dreams.
  • Low down payment. Conventional: As low as 5% down VA 0% down make new construction loans accessible.
  • One approval. No need for a second approval.
  • Modify down option. Once the loan is complete, Borrowers can modify down to secure a lower interest rate if the market changes or stay locked in no matter how the market moves.
  • Build-period payments: Conventional Borrowers can enjoy lower, interest-only payments.  VA Borrowers have no payments during the build period.
  • Less out-of-pocket expense. The Borrower doesn’t have to pay for the build and then get a mortgage. The mortgage pays for the build!


Send this Flyer to your Customer  CLICK HERE

Send this Flyer to your Builder  CLICK HERE

Use the form provided below to request a free, no obligation quote:


Great Florida Lending, Inc

¡No Solo Soy Especialista en Hipotecas Revertidas, Tambien Soy Un Cliente!!!

2828 Coral Way, Ste. 470
Miami, FL 33145