CONSTRUCTION ̶ GENERAL BUILDER SPEC PARAMETERS

♦ 1-4 FAMILY OR 5+ UNIT OR COMMERCIAL
♦ LOT PURCHASE CAN BE INCLUDED IN LOAN
♦NON-OWNEROCCUPIED (PROPERTYTOBESOLD)
♦ LOAN AMOUNTS UP TO $2,500,000
♦ LOAN TO COST- 75% (BORROWER MUST HAVE 25% OF HARD COST)
♦ LOAN TO VALUE - 50%-60% OF FUTURE APPRAISED VALUE
♦ INTEREST ONLY PAYMENTS BASED UPON MONIES ADVANCED 12 MONTH LOAN TERM
♦ FULL AND LIMITED INCOME DOC PROGRAMS
♦ TAX RETURNS REQUIRED TO VERIFY BORROWER FILES TAXES
♦ CONTINGENCY RESERVES 10%-15% OF THE COST TO BUILD IN A LIQUID ASSET ACCOUNT

MORTGAGE NETWORK SOLUTIONS