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VA CONSTRUCTION LOAN

with Coastline Mortgage - An Ameri-Star Homes Partner

DETAILS:
  • 100% of the Home can be Financed

  • Minimum Credit Score Requirement: 620

  • Construction Period: Options for 120, 180 and 270 days (360 days by exception)

  • Maximum Loan Amount: $700k (higher by exception)

  • First Payment: After Construction is Completed

  • Interest Rate is Fixed for the Permanent Loan

  • No Expiration on Credit Docs or Appraisal Once the Loan Closes

BENEFITS:
  • One closing covers it all - the construction AND the permanent financing!

  • There is no "requalifying" needed when the time comes to convert the construction portion of the loan to the permanent portion of the loan

  • Reduced Interest Rate Risk - rate is locked in prior to closing

  • Borrower makes NO payment during construction

  • Lower costs, with only one appraisal and one set of closing docs

CURIOUS IF THIS PROGRAM IS THE RIGHT FIT FOR YOU? LEAVE YOUR INFORMATION BELOW AND ONE OF OUR EXPERIENCED LOAN OFFICERS WILL REACH OUT TO HELP GUIDE YOU!

Thank you for reaching out. A loan officer will be in touch soon!

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