Construction Loans


	"The Wright Team" (909) 938-3777or Office (800) 924-3613 For Home Loans and Real Estate Info *"Your Personal Mortgage Consultant For Life"*

	*Construction Lending Programs*
	New Construction, Remodeling... Up To 100% Financing Based on Finished Estimated Valued; Property, Permits & Plans Included

Ed Wright (Wright Team Leader) filled out his first loan applications as a General Contractor and actually built homes before becoming a full time lender… so he honestly understands Construction Loans and what it takes to qualify for them, and “how to work the system” to what you need done funded accordingly. It is possible to build or remodel for less out of pocket than you think; Central City Mortgage offers several Construction Lending Programs including the most popular “Single Application” loans that postpone the first payments until after the home is completed!

Construction Loans; Planning Stages; At risk of making Construction Lending sound easier than it is... it really does not get much easier. You Pick the lot you want, paid for or not. You Pick the General Building Contractor. They have to be licensed (with a history of building SFR), but we do not require completion bonds or Contractor Financial Statements.

General Points of Programs (call for details)
Note: These programs underwrite individually to the needs of the client... so details depend on the size & length of the project.

1) Up To 100% Financing (Depending on Estimated Finished Value)

2) Single Application Programs Rolls from Construction to Permanent “Take Out” Loan upon final signoff.

3) Payments Can Be Delayed Until Construction is Complete Eliminates hard to qualify for “Double Housing Costs”

4) Can Include Reimbursements for permit & plan fees already paid

5) Stated Income or “Full Doc” Qualification Programs Does require use of a properly licensed General Contractor, But

6) Does not required the purchase of expensive Completion Bonds