USDA $0 Down Construction Loans are Here!

I am very pleased to announce that Icon Mortgage has now become one of only two Michigan Mortgage Lenders approved to lend USDA funds for their pilot “Combination Construction to Permanent Loan” Program. This is a one time close construction loan with interest only payments during the 12 month build time that automatically recasts into a 30 year fixed USDA Guaranteed loan. So, not only can you buy a home through RD with $0 Down, Now you can BUILD the THE home you want exactly how you want it, with $0 Down! We do not know how long this will be available so you need to take advantage while it lasts! As mentioned this is just a pilot program for now. I would be happy to answer any specific questions you may have but just some of the basic highlights are below: Why it works for Home Buyers: No requalification after construction Interest payments during construction can be escrowed No Interest Rate risk No update to documents after construction Less paperwork across the board No new appraisal after construction Use it for Manufactured, Modular, or Stick-Built Why it works for Realtors: Commission paid before home is even built Easy Transaction without worries of inspections, appraisals, etc. Turn Vacant Land Sales into Full Property Sales Happy Borrowers and Repeat Business Why it works for Builders: Draw to Builder not delayed due to borrower behind on interest payments Project related costs are in the draw schedule and not invoiced to the Builder or Borrower Much less risk and less chance for upset borrowers Happy Borrowers Not stressed about out of pocket expenses Go to My Website for More Information!/
Location: Mortgage Matt

Comments

Mary Jaime said…
Permit me to introduce you to LE-MERIDIAN FUNDING SERVICES. We are directly into pure loan and project(s) financing in terms of investment. We provide financing solutions to private/companies seeking access to funds in the capital markets i.e. oil and gas, real estate, renewable energy, Pharmaceuticals, Health Care, transportation, construction, hotels and etc. We can finance up to the amount of $900,000,000.000 (Nine Hundred Million Dollars) in any region of the world as long as our 1.9% ROI can be guaranteed on the projects.
Le-Meridian Funding Service.
(60 Piccadilly, Mayfair, London W1J 0BH, UK) Email Contact Info...lfdsloans@lemeridianfds.com
November 30, 2018 at 8:03 AM
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