4.25% Construction Loans
Currently we recommend Specialized Construction Loan Financing in only 9 states,
Our recommended lender has just released a 4.25% construction loan interest rate for owner builders building in the following states: AL,GA,MD,NC,PA,SC,TN,V,WV
Additional states and construction loans can be found by checking out the links to the right.
Our lenders construction loan guidelines are as follows:
- 30% down or land equity (conventional loan amounts)
- Use your land as equity and get 100% financing*
- Credit score 680+
- 6 months reserves (2 months cash/401K, etc.)
- Loan will include: land, materials, labor, permits
- One-time construction to permanent loan (30 yr fixed perm rate at competitive rates)
- NO contractor license require if using BuildMax program
- Loans over $417K require 35% down, add .5% to rate and 700+ credit scores
4.25% rate is based on Prime Rate + 1% during construction loan period. (9-12 months). Permanent rates are low as well. Perm rates can be locked in at today's rates or locked in after construction loan is complete. Recently perm rates have been as low as 5.25%.
Distressed markets require 5% more down payment.
NOW IS THE TIME TO START.
Don't let this opportunity pass, call today: toll free 877-422-2080
BuildMax is not a construction loan lender or a mortgage broker, we simply recommend lending solutions that are virtually impossible to obtain from a local lender or mortgage company. Our recommended lenders offer Construction loans that empower you to become your own project manager. BuildMax has spent the past decade locating recommended lenders that offer America’s top construction loan. BuildMax only recommends construction loan lenders that understand and believe in the owner builder concept. It’s important to choose a lender that’s familiar with the concept of ‘sweat-equity’.