Lost your password?
Don't have an account? Sign Up

New Construction Loan Program

A “New Construction” loan program is designed to provide a streamlined financing solution to build single family, multi-family, and mixed use projects which are entitled or shovel ready. A New Construction loan is a great fit in the following situations:

  1. For an experienced builder or developer who is looking to capitalize on a new project without waiting on bank financing
  2. A contractor who owns entitled or shovel ready land but needs the financing to get the project started
  3. A fix & flip project that has extensive rehab requiring vertical additions or significant horizontal additions to the property

At Amcap home loans, our New Construction loans close very quickly… in as little as 14 days at rates starting at 6.99% – 9.99%!! Our construction loans require very little documentation instead the underwriting is primarily based on the risk of the project itself! Our New Construction loans are a great way to acquire property to build a single family spec home or multi-family development. Our new construction program provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner.

Loan Amounts: $200,000 – $25,000,000

Available Rates: 6.99% – 9.99%

Typical Terms: 1 months – 36 months

Points Charged: 2% – 4%

Max Loan-to-Value (LTV): 75-95%

Max Loan-to-Cost (LTC): 100%

Owner Occupied Allowed: YES

Interest Only Loans: YES

Prepayment Penalties: NO

Minimum FICO Score: 600

Time to Close: 7-14 Days