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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
rw
at
-t b i
a
V
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
PROPER TY T YPES
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
20 100% CLTV
nf
i
t
COMPANY NAME
$
1a
1b
%
$
2
3 4567 8
%%
58
9
10
11
12
13
14
15
16
%
17
7
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 0
Y 60
YYYY
YYYYYY Y
Y 3M
3M Y
CA
CA only. May lend up to 65% LTV on construction loans
Bismark Mortgage Co.
800-350-7199 x106
www.bismarkmortgage.com
400K 70 400K 60 Y 0
Y 70
Y
Y
YY
YYYY Y
400K Y
NATIONWIDEexcept: AR CT DE FL IA KS LA MS MT ND NE NH NM OK RI SC SD VT WI WV WY
Please see Web site for additional information.
Normandy rm n
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
NATIONWIDEexcept: 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
Seattle Funding Group of
California
858-751-0556
www.SeattleFundingGroup.com
CA
2M 70
70 Y
YY
YY
Y
Y
Y
YY
YYYYYYYY 2M Y
2M Y
CO HI NV OR UT WA
3M 70
70 Y
YY
YY
Y
Y
Y
YY
YYYYYYYY 2M Y
2M Y
WADOT Capital Inc. l
206-362-4444
www.wadotcapital.com
1M 75 1M 75 Y Y Y Y 75 Y
Y Y Y Y Y Y Y 70 Y Y Y Y Y
YYYYY YY
1M
1M
ID OR WA
LTVs based on cost-to-construction. ID, OR & WA only
Tell lenders you found them in Scotsman Guide
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17
4 1 9 2 6
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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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