WHAT WE DO:

We offers construction to permanent financing for borrowers planning to build either owner occupied or second homes.   We figure realistic amounts for the project being considered, and estimate the cost to build before the construction takes place.   When the house is completed and an occupancy permit issued, the construction loan can easily be converted to a permanent mortgage   Our interest rates are highly competitive, quick and easy settlements, and convenient draws for builders construction permanent financing

LOAN AMOUNTS:

85% for Loan Amount of Purchase Price.   The total purchase price (purchase price includes cost or present value of lot plus the total cost of construction).

INTEREST RATES:

Low interest rate during construction.   Interest paid during construction is only on that amount of money which has been drawn

SETTLEMENT:

One-time settlement prior to construction.   Flexible construction terms and draw schedules.

DRAW INSPECTION & FUNDS:

Draw inspections are made, and   Funds made available within 72 hours of request (depending upon market conditions)   Checks are mailed or picked up at escrow, after we have received verification by our/an licensed inspector (depending upon the property and/or project ).

MONTHLY PAYMENTS:

Monthly payments are Interest Only during the Construction period.

INQUIRIES:

If you want to build your own home and have a Construction Project in mind, please give us a call we can assit you or you can complete the inquire below. Thank you!

Advance Mortgage Corporation
(800) 584-9030