CASH OUT

The Cash Out Loan is available after construction is finalized. The loan is based on the appraised value of the property with the improvements.

Full documentation loan: Income verification by 2 years, W2 and paycheck stubs or tax returns.

Net worth requirements: Each buyer’s net worth should be no less than twice of the loan amount.

50% Loan To Value: 50% of the appraised value after construction is done (home + land.)

Amortization: 20, 25, and 30 years amortization. Fixed interest rate.

Multiple borrowers/ Individual qualification: No limit on the number of buyers. Each borrower needs to qualify for the entire mortgage as if they were the only buyer.