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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 TyPES
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
Normandy
800-390-7536
www.normandy.com
1.75M 90 1.75M 75 Y Y Y Y 90
YYYY
Y Y 75 Y Y
YYYYY
YY
Y 1.75M 1.75M Y
NATIONWIDEexcept: AR AZ DC IL LA MN ND NH NM NV OR SD TX VT WI WV
Omega Financial Services Inc.
800-663-4220
www.OFSmortgagewholesale.com
1.403M 96.5
Y
YYY
Y
1.403M
Y
CT FL NJ PA
Purchase or refinance and rehab with one FHA 203(k) loan. Great prices and great service. No new contruction. Rehab only. Must use the same
foundation. Owner-occupied only. 3.5% down
Seattle Funding Group Ltd.
888-SFG-FUND (734-3863)
www.sfgfunds.com
2M
70
70 Y
YY
Y
Y
Y
YY
YYYYYYYY 2M
2M Y
AK CA CO HI NV OR UT WA
For California properties, contact the San Diego office at 858-751-0556.
Showcase Investments Inc.
818-952-8600
www.showcaseinvest.com
750K 65
CA
750K 65 Y Y Y Y 65
YY
Y
YY
YY
YYYYY
750K 750K
Company president is a licensed general contractor; we understand construction loans! All "business purpose" and non-owner scenarios including investments,
Sunrise Lending Group
925-566-8426
www.sunriselendinggroup.com
2.5M 65 2.5M 70 Y
Y Y 65 Y Y
Y Y Y Y Y 50 Y Y
YY
YYYYY
3M
3M Y
CA We specialize in residential rehab and construction loans to builders and owners. Fast decisions, no broker preapproval required, no upfront fees. Loan amounts up
to $3M. Loans based on future value. California properties only.
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
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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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