New Home Construction is Blowing Up! Best Pace in Over 10 years

 

New Home Construction is Blowing Up! Tracking For The Best Pace in Over 10 years. Valor Lending Group funds construction loans up to $20M. Whether you are building a spec home or your dream custom home, we’ve got you covered! Check out this great article by Jann Swanson at mortgage news daily.

 

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Residential construction soared in July with both permits and starts increasing from their June pace by double digits.

Permitting was significantly higher than had been forecast – with estimates among analysts polled by Econoday of 1,200,000 to 1,380,000 units. The consensus was 1,300,000.

Single-family permits were issued at the rate of 983,000 compared to a revised (from 834,000) June rate of 840,000 units. This was a 17.0 percent change for the month and 15.5 percent year-over-year. Multifamily permitting jumped 23.5 percent to 467,000 but that number was down 0.4 percent on an annual basis.

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Recap of our Loan Products:

1. Stated Income Loans (No Tax Returns, no W-2s, No P&L) up to $5M
2. Bank Statement Income Loans (Great Bank Statement Program for business owners and self employed)
3. Hard Money Loans (As low as 20% down / minimal documentation) Fund in 7-10 days.
4. Flipper Loans (Flip a property with one of our many options)
5. Line of Credit
6. 100% Financing (cross collateralize)
7. Foreign Nationals Loans (no social security or residency required)
8. Raw Land & Lot Loans
9. Ground up Construction for spec homes, custom home’s and commercial ground up to $500M.
10. 2nd Position Loans up to $5M
11. Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow
12. Farms, Vineyards, Ranches and Agricultural Properties (20-30% down)
13. 10% down Jumbo’s with NO MI up to $2.5M
14. Manufactured Housing / Mobile Homes (20% down / 620+ credit score)
15. Acreage Properties
16. Commercial Loans up to $500M
17. 5% down Jumbo (Up to $2M Lender paid PMI)

We also offer:

1. 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $484,350)
2. High Balance Conforming aka Super Conforming (from $484,350-$726,525)
3. Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
4. FHA, VA, USDA
5. ARM’s
6. Reverse mortgages up to $10 Million Value

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