Home Constructing financing Construction Financing

Construction Financing

                   When building with Classic and partnering with one of our preferred lenders, obtaining complete financing has never been easier. Combine your lot, your construction, permit fees, site work and mortgage loan into one loan and one simple closing! You'll have money right at your fingertips.         


Here are some of the features of a Construction to Permanent Loan:
  • 100% financing*
  • No money down
  • 0% Points 0% Origination Fee Pricing Possible
  • Loan amount may be decreased at modification with no PMI
  • Borrower pays interest only during the Construction phase (option to roll up interest into the loan, as well)
  • Jumbo/No-Income documentation pricing available


Customize your loan by choosing from a number of different programs:
  • Fixed Rate Programs 30/20/15 Year – Low rate during construction
  • 1/3/5 Year ARMS – can modify to fixed or 3/1, 5/1, or 7/1 ARMS, 10/1 Interest only, LIBOR indexed ARMS
  • 7 or 10 Year ARMS – Fixed for first 7 or 10 years, eliminate risk with rate cap, float down option


And more! Our lenders will tailor your loan program to suit your needs and lifestyle. Give one of our preferred lenders a call today and get pre-approved right away.

*Based on lender approval

 


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Our Construction Loans Benefits:

  • 100% Financing Available
  • Lot Costs, Existing Mortgage, Construction Costs, Site Work, and Permit Fees can all be rolled into ONE Loan
  • One Loan, One Closing
  • Excellent Interest Rates

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Classic Homes, Inc 50 W. Edmonston Drive, Suite 405, Rockville, MD 20852 Tel: 301-256-4110
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