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| CONSTRUCTION LOANS |
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Construction to Permanent financing involves the granting of a long-term mortgage to a borrower to provide for both interim financing used for construction of a new home and the permanent financing once construction is complete. Construction-only financing is for that borrower that has permanent financing in place but needs interim financing during the construction period.
Bay Financial Construction & Construction Perm Loans:
- Construction terms up to 18 months
- Interest only during construction period
- Jumbo loans up $3,000,000.00
- Credit scores down to 560
- Stated and no income programs available
- Fixed and adjustable permanent loans available
- Second homes and rehabs
- Only one closing
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