Builder Confidence Skyrockets, Matching 1988 Record.
Valor Lending Group is still funding ground up construction loans.
Taken from a Great article by Jann Swanson!
by: Jann Swanson
Builder Confidence Skyrockets, Matching 1988 Record
Aug 17 2020, 10:01AM
Builders have tied their 32-year old record for confidence as measured by the National Association of Home Builders. The Index, jumped by 6 points in August to 78. And is also 6 points higher than it was in March, before the COVID-19 pandemic shut down. The last time the HMI was this high was in December 1988. Builders also set a survey high with their perceptions of buyer traffic.
Valor Lending Group features spec and custom construction home loans up to $20M.
Recap of our Loan Products:
- Stated Income Loans (No Tax Returns, no W-2s, No P&L) up to $5M
- Bank Statement Income Loans (Great Bank Statement Program for business owners and self employed)
- Hard Money Loans (As low as 20% down / minimal documentation) Fund in 7-10 days.
- Flipper Loans (Flip a property with one of our many options)
- Line of Credit
- 100% Financing (cross collateralize)
- Foreign Nationals Loans (no social security or residency required)
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom home’s and commercial ground up to $500M.
- 2nd Position Loans up to $5M
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow
- Farms, Vineyards, Ranches and Agricultural Properties (20-30% down)
- 10% down Jumbo’s with NO MI up to $2.5M
- Manufactured Housing / Mobile Homes (20% down / 620+ credit score)
- Acreage Properties
- Commercial Loans up to $500M
- 5% down Jumbo (Up to $2M Lender paid PMI)
We also offer:
- 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $484,350)
- High Balance Conforming aka Super Conforming (from $484,350-$726,525)
- Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
- FHA, VA, USDA
- Reverse mortgages up to $10 Million Value