« matrix: construction »
LENDERS
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PROGRAM DETAILS
SINGLE-FAMILy
RESIDENCES
1 Builder/custom-borrower owns lot:
a) Max loan amount and b) max LTV
2 Builder model/spec: Max loan amount
3 Builder sold: Builder owns lot and has
contract to sell: Max LTV
4 Corporations, trusts and legal entities
5 First-time builder with limited experience
6 Newly self-employed
7 Owner who is a builder
8 Self-build: Max LTV
BORROWER T YPES
9 Condos: High-rise
10 Condos: Low-rise
11 Land development
12 Log homes
13 Mixed-use properties
14 Manufactured mobile homes
15 Modular homes
16 Partially completed construction
17 Residential lot acquisition: Max LTV
18 Rural properties
19 Second dwelling on single tax lot
PROPERTY TYPES
20 100% CLTV
21 Additional advances
22 Blanket loans
23 Construction-to-permanent (all in one loan)
24 Draws on demand
25 Gifted lot
26 Payment reserve
27 Interest-only payment loans
28 Less-than-perfect credit
29 Line of credit
30 On-time completion bonus
31 Principal reductions with re-amortization
32 Remodel loans: Max loan amount
33 Stated income: Max loan amount
34 “No-Payment” option
COMPANY NAME
$
1a
1b
%
$
2
3 4567 8
%%
9
10
11
12
13
14
15
16
%
17
18
19
20
21
22
23
24
25
26
27
28
29
31
30
$
32
$
33
34
Aztec Financial
800-663-0997
3M
60
3M
70 Y Y Y Y 60 Y Y Y Y Y
Y 60
YYYY
YYYYYY
Y 3M
3M Y
CA
CA only. May lend up to 65% LTV on construction loans
Bismark Mortgage Co.
800-350-7199 x103
www.bismarkmortgage.com
600K 70 600K 60 Y
Y 70
Y
Y
YY
YYYY
600K Y
NATIONWIDE except: AR CT DE IA KS LA MS MT ND NE NH NM OK RI SC SD VT WI WV WY
Please see Web site for additional information.
Financial Resources Mortgage Inc.
800-950-6913
www.frmortgageinc.com
1M
65
1M
65 Y Y Y Y 65 Y Y Y Y Y
Y Y 50 Y Y
YY
YYYYY
1M
1M Y
NATIONWIDE except: V T
Specializing in modular construction loans nationwide and offering stick-built only in New England
Normandy
800-390-7536
www.normandy.com
2M 90
2M
75 Y Y Y Y 90
YYYY
Y Y 75 Y Y
YYYYY
YY
Y 2M
2M Y
NATIONWIDE except: AL AR AZ DC ID LA MN MS ND NE NM NV OR SD TX VT WI WV
Seattle Funding Group Ltd.
800-974-8625
www.SeattleFundingGroup.com
2M
70
70 Y
YY
YY
Y
Y
Y
YY
YYYYYYYY 2M
2M Y
CO HI NV OR UT WA
Seattle Funding Group of California
858-751-0556
www.SeattleFundingGroup.com
3M
CA
70
70 Y
YY
YY
Y
Y
Y
YY
YYYYYYYY 2M
2M Y
WADOT Capital Inc.
206-362-4444
www.wadotcapital.com
1M
75
1M
75 Y Y Y Y 75
Y Y Y Y Y Y Y 70 Y Y Y Y Y
YYYYY
1M
1M
ID OR WA
LTVs based on cost-to-construction. ID, OR & WA only
Tell lenders you found them in Scotsman Guide
1a 1b 2 3 4567 8
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Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production cycle and dynamic nature of the industry, loan product
terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program details. If you believe data is inaccurate or misrepresented, please e-mail: matrixfeedback@scotsmanguide.com.
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