Owner Occupied
Single Family ~ Duplex ~ Three Plex and Four Plex
Rent Can Apply to Payment on Plexes
True One-Time Close Construction/Permanent Loan Program
NO Payment While You Build
FHA Rates and Qualifiying
Staged Funding for Engineered Homes
• Close Permanent Loan Before Construction Starts •
• No Re-qualifying after Loan is Closed •
Staged Funding:
- Land Purchase or Payoff at the Closing
- Cost of Home paid at the Closing or once offline*
- Up to 3 Construction Draws available after Closing
This Program Offers Many Advantages to the Buyer, Builder, and Land Seller!
- As low as 3.5% investment requirement (96.5% LTV)
- As low as $0 cash to close with Land Equity
- Up to 6% Seller Contribution for Borrower’s Closing Costs & Prepaids
- Interest only on funds disbursed during construction
- Interim construction fees and interest are rolled into the Sales Price
- No payments by the Borrower until construction is complete
For More Information
Contact Dana Popick at 503-332-0861
or
e-mail at emeraldvalley@comcast.net
Emerald Valley Development LLC is not a lender. This is not a commitment to lend. All loans are subject to credit and property approval. Program terms and conditions are subject to change at any time without notice. Not all products are available in all states for all loan amounts. Other restrictions and limitations may apply.
*If the home is offline, invoice and MCO/MSO are available, and proper insurance is in place.
