Construction Financing
Who is this for?
What is it?
A short-term loan that provides funds for the purpose of rehabilitating a home or the cost of building a new building.
Program Details:
These are short term loans with higher interest rates then longer term loans. The money from these loans will typically be paid out in a series of advances as the construction makes progress.
Documents needed:
Income Tax Returns, W-2 & 1099 Statements, and Pay-Check Stubs
Self-Employed Income Tax Returns and YTD Profit & Loss Statements for self-employed borrowers
Retirement account statements, 401k, Mutual Funds, Money Market, Stocks, etc.
Drivers License, Social Security Card, Any Divorce, Palimony or Alimony or Child Support papers, Green Card or Work Permit if applicable, Any homeownership papers
Bank and Credit Card statements
Verification of employment form completed by your employer to verify your employment dates and current status
Letter on the letterhead of a professional, certified CPA that provides your financial advice or prepares your tax returns for you if you are self-employed
Let’s Talk
Are you ready to buy a new home or refinance your existing one? Let’s explore the possibilities!
The Daniels Mortgage Team
When it comes to one of your life's most important financial transactions, trust the Daniels Mortgage Group to help you achieve your goal, a new home!
Corporate NMLS#
1982974
