REALTOR®
Does Your Customer Want to Buy Residential Land to
Build Their New Home???
Now NEW Higher Loan Limit!!!
| 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 ithe land is Financed, it will Pay off the Land, Finance the Land, the Construction and the Permanent Loan,
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This is a Great Savings and Convenience, as your Customer will pay Closing Costs ONLY Once.
Features*
- PROGRAMS: Purchase & Refinance. Conventional: 15 and 30 years. 7/6 and 10/6 ARM
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- USE: Primary Homes, 2nd Homes, Investment. Closing in Name of Entity: OK.
NEW HIGHER LOAN LIMIT! - MAXIMUM LOAN AMOUNTS: Conventional 2026: Miami-Dade 1 Unit: $833,250 * 2 Units $1,086,250 * 3 Units $1,288,800 * 4 Units: $1,601,750
Monroe County, FL Conventional 2026: 1 unit: $990,150 * 2 Units: $1,267,600 * 3 Units: $1,332,200 * 4 Units: $1,904,150
- Other Counties, TX & GA Please inquire
- Min. Credit Score: 700
- TYPE: 1 to 4 Families Homes. Modular Homes OK, No Condos. No Manufactured Homes
* Other Terms and conditions may apply. Subject to errors and/or omissions and to change without prior notice. GFL Licensed in FL,TX.GA
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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!
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