Are you looking for a construction mortgage putting only 3% down?

Did you know?

You Can Now Get A Construction Loan To Build Stick Built, Barndonminiums, & Modular Homes. If you are building your primary residence, a second home, or a investment property we have options for you! Call 24/7: (512) 779-4997

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Frequently Asked Questions

Stick built, Bardonimuom’s, & Modular homes!

  • 0% Down For Veterans
  • 3% Down For First Time Home Buyers
  • 3.5% FHA Construction
  • 5% Down Conventional
  • 10% Down Second Homes
  • 15% Down Investment Properties
  • 25% Down Multi-Family 

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Yes!  You can build as a primary home, second home, or investment property. 

No problem!

If you owned the land for more than 12 months you can use subject to value. 

Example:  Own land free and clear and its worth 100k.  I want to build a 300k home.  The subject to value is 500k with the house built.  This means if you get a 300k home your loan to value is 500k/300k= 60% LTV

Land price: $100,000

Construction cost: $300,000

Subject to Value: $500,000

Loan to Value: 60% LTV

If you owned the land less than 12 months you can use construction cost plus land value for the loan to value. 

Land price: $100,000

Construction cost: $300,000

Cost Basis Value: $400,000

Loan to Value: 100% LTV

We are currently lending constructions loans anywhere in Texas. 

No problem! You can purchase the land and get the construction loan with us.  We will help you with a one time construction loan so you only have to close one time.  

Call 24/7 To Speak To Todd McDougall - Licensed Loan Officer NMLS #302005 - (888) 620-6681

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