Construction Loans

• Zero Down Construction Loans
  This enables the buyer to purchase a home that has not been constructed. The purchase would be a 2x close.
  The first closing would be on the construction part of the loan.
  The second close would be the end loan.
• The zero down construction loan that I have available would require good credit and some reserves in a bank account. The purchaser would not need money for a down payment, however, they would need some funds for the closing on the first loan.
Generally, payments during the construction phase are interest only. I have programs that are designed for the owner to be the builder. I have construction programs that are designed for the purchaser to go reduced documentation, no documentation, or stated income. Generally, construction loans have a higher credit score requirement than purchasing a home that already exists.