Conventional Loan Programs

Construction

Have you always dreamed of building your own custom dream home, from the ground up? Well, with a One Time Close loan (OTC) from Crawford Investment Company, we can help you finance the construction costs and permanent financing all in one loan!

What does that mean to you? One easy loan, which means only one time to qualify, only one loan process to go through and one set of closing costs.

During Construction, you only pay interest based off of your draw amount at the time, tied to prime rate. When the property is complete, you then convert your current loan amount into permanent financing. No second loan!

Program Features:

All-in-one construction financing
Interest-Only payments during construction
6-, 9-, 12-, or 18-month construction terms
Maximum financing up to 95% of the future appraised value
Land may be included in the loan amount
Closing costs and soft costs can be included in the loan amount
Interest Reserve and Contingency Reserve options available

Eligible Property Types:

1-2 Unit Primary Residence
1-Unit Second Homes
Modular
Log homes (allowed on case-by-case basis)
Remodels, Rehabilitations and Pre-Starts*

Product Options At Conversion:

1-Year LIBOR ARM
3/1 Hybrid ARM
5/1 Hybrid ARM
15-Year Fixed Rate
30-Year Fixed Rate

What we need:
Last 2 Years W-2’s Last 2 Statements, all asset accounts Updated Plans and Permits	Last 2 Paycheck Stubs Drivers License & SSN Card Updated cost to build

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