If you want to design for manufactured, modular, and stick-built housing, this program offers an all-in-one financing option for construction, lot purchase, and permanent mortgage funding with one closing. This means that your loan is closed before construction begins
Sarasota Florida Construction Loan
- 70% LTV with no re-qualification required post-construction
- 90% LTV option with requalification required post-construction
- Loan amounts up to $484,350, or more in high balance areas
- Rate can be locked at any time during the loan application/process
- Simple and flexible draw process with no set schedules
- Pay just interest-only payments during construction
Construction Loan / Sarasota Florida
- 15-year conventional
- 30- year conventional Eligible properties include
- 1-unit site-built homes
- Planned Unit Developments (PUDs)
- Modular homes
- Site condominiums
- Rural properties
Construction Loan / Sarasota Florida