Welcome to Georgia Construction loans

Georgia Construction to Perm Financing Made Easy!

Our "One Time Close" Construction to Perm loan program will finance the Construction to Perm of a primary residence or a second home providing both the Construction to Perm financing and permanent loan all in one closing.  This means that you sign only one set of loan documents and do not have to worry about re-qualifying, re-appraisals, additional closing costs or signing additional loan documents.  We can finance from $75,000 up to $417,000.

Your loan-to-value varies according to credit scores, loan amount, and income documentation.

Requirements:
Stated LTV not available
Full Doc LTV 95%
With Min. credit score of 660
Reserves (PITI) 2 months
PMI required over 80% LTV
Ratio (DTI) 45%

A Construction to Perm To Permanent loan involves determining the value an unconstructed home. The lender will need to determine the value of the home after it is built, information must provided as to:

• What is going to be built or constructed?
• Material used?
• Material cost?
• Labor cost?
• Land cost, and value today?
• Cost plans and permits?

The general contractor will need to provide

• Builder License
• Credit References (Suppliers)
  
  Certain programs also need:
• Resume
• A builder's application completed
• Credit check

We will also need the standard income and credit documentation that is required in any real estate transaction.