Ground Up Construction Loans

 

Valor Lending Group offers excellent loan programs for land loan, lot loan & construction loan scenario’s!

Whether you are a flipper or a commercial builder we’ve got you covered!

 

 

Lot Loans / A TIER / Full Doc 43% DTI / (owner occ only):

3,5 OR 7 year lot loan starting at *4.5% interest rate /*APR 5% and only 1-2% origination based on $1M loan amount

LTV’s:

80% to $300k

75% to $400k

70% to $500k

65% to $750k

By exception above $750,000

Lot Loans / B TIER / No Income Requirements / Spec only:

6 months to 3 year term starting at *6.875% interest / *7.375% APR and only 1-2% origination / up to $5mm loan amount

50% down

Lot Loans / C TIER BORROWERS / No Doc / Spec only:

12-24 month terms starting at *10% interest / *11.25% APR and 3-4% origination

50% down / up to $5mm loan amount

Construction Loans / A TIER / Full Doc 43% DTI / Own occ only:

2,3,5 & 7 year LIBOR ARM’s (30 year term) from *3.875% interest rate / 4.375% APR and only 1-2% origination

80% LTV up to $1mm

75% LTV up to $1.5mm

70% LTV up to $2mm

60% LTV up to $3mm

Construction Loans / B TIER / No Income Requirements / Spec only:

12-18 month terms starting at 86.75% interest rate /8 7.125% APR and only 1.5% origination

Up to 80% LTV / up to $5mm loan amount

Construction Loans / C TIER / No Doc / Spec only:

9-18 month terms starting at 10% interest rate / 11.375% APR and only 3% origination

25% equity in project / up to $5mm loan amount

Recap of our Loan Products:

1. Hard Money Loans (28-35% down / minimal documentation) Typically Fund in 7-10 days.
2. Stated Income Loans (Great for business owners and self employed ) No tax returns!
3. 100% financing is available (we can cross collateralize other properties if there is enough equity)
4. Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow – 1% DCR!
5. Flipper & Rehab Loans (Flip a property with one of our many options)
6. 2^nd Position Loans up to $5mm
7. Raw Land & Lot Loans
8. Ground up Construction for spec homes, custom homes and commercial ground up.
9. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
10. 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
11. Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
12. Acreage Properties
13. Commercial Loans up to $500mm
14. 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
15. Foreign Nationals Loans (no social security or residency required)

We also offer:

1. 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $417k)
2. High Balance Conforming aka Super Conforming (from $453,100-$649,750)
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 $1 Million Value
7. Refinance including Cash Out

Please do not hesitate to call on me if I may be of service in any way!