AL and FL Mortgage News

Conventional Construction to Permanent Financing

January 25th, 2016 1:35 PM by Devin Murray

We are proud to announce as of January 25th, 2016 we are once again offering up to 95% Conventional Construction-to-Permanent financing for all of our customers in Alabama and Florida.  We have been closing VA and FHA one time close loans for the past several years but have been limited by FHA loan county loan limits in the majority of our counties. That being said, we can now lend up to $417,000 (and higher in some counties) on new construction with just 5% down.  For first time buyers we can do as little as 3% down.

This means no more being limited to builders subdivisions and pre-designed houses.  Pick your house plan, your builder, and your location and we can get it closed in as little as 45 days.  

If you have a scenario you'd like to discuss or general questions about how these loans work, we'd love to hear from you today. 
Call us at  888-269-8335  or email us at service@gulfstatesfinancial.com




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