TIER: 6
new american funding
construction loans
HIGHLIGHTS
-Flexibility + Programs
Recommended Credit
580 - 850 (Fair - Excellent)
Minimum Down Payment - 3%
LOAN TYPES
Purchase, Refinance, Home Equity, Reverse, Jumbo, Fixed, Adjustable, FHA, VA, USDA, OTC
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
PERSONAL HOME LOAN
New American Funding offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities overcome barriers to get home loans. The company has specific initiatives and lending goals to help Hispanic and Black customers and military service members achieve homeownership.
TIER: 6
flagstar bank
construction loans
HIGHLIGHTS
-Flexibility + Programs
Recommended Credit
620 - 850 (Fair - Excellent)
Minimum Down Payment - 3%
LOAN TYPES
Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
PERSONAL HOME LOAN
Flagstar Bank excels in most areas, such as its application options, customizable interest rate tool and range of mortgage types. Its unique and diverse product offerings include special financing for underserved borrowers and borrowers who are in the early years of a high-income career, as well as for buyers who are renovating or building a home. Interest rates are on the lower side relative to competitors, and borrowers who want to upgrade their home can take advantage of home equity products.
TIER: 6
us bank
construction loans
HIGHLIGHTS
-Flexibility + Programs
Recommended Credit
620 - 850 (Fair - Excellent)
Minimum Down Payment - 5%
LOAN TYPES
Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
PERSONAL HOME LOAN
U.S. Bank offers fixed and adjustable-rate conventional mortgages, refinances, FHA loans, VA loans, and jumbo loans. In addition to these standard offerings, U.S. Bank stands out from other lenders for offering loans for investment properties with up to four units, as well as new construction and lot loans.
TIER: 6
wintrust mortgage
construction loans
HIGHLIGHTS
-Flexibility + Programs
Recommended Credit
620 - 850 (Fair - Excellent)
Minimum Down Payment - 3%
LOAN TYPES
Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
PERSONAL HOME LOAN
Wintrust Mortgage offers a solid variety of loan products, including home equity lines of credit, construction loans and loans for investment properties — and 40% of the loans it originates are government-backed, including USDA loans. An interactive tool to personalize mortgage rates and a self-service online application will please tech-savvy borrowers, but you’ll need to connect with a loan officer to see rates for specialty loans.
TIER: 6
truist bank
construction loans
HIGHLIGHTS
-Flexibility + Programs
Recommended Credit
620 - 850 (Fair - Excellent)
Minimum Down Payment - 3%
LOAN TYPES
Purchase, Jumbo, VA, FHA, Refinance, Home Equity
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
PERSONAL HOME LOAN
Truist Bank offers a wide variety of home loan options, including for low-income buyers. Borrowers in some states can be eligible for grants that help with down payment and closing costs. Mortgage rates for all borrowers are lower than average, but you have to make contact with the lender to get personalized rates.
Embarking on a journey with personal new construction real estate loans is not just about building a house; it's about constructing your dream from the ground up. These loans are your canvas, allowing you the freedom to design and create a space that truly reflects your vision and aspirations. This path is filled with possibilities, each decision and selection a personal touch in what will become your unique home. Embrace this adventure with enthusiasm and confidence. Every step in this process, from laying the foundation to choosing the finishes, is a chapter in your story. While the journey might have its complexities, the outcome is profoundly rewarding—a home that's not just built for you, but by you. Let the thrill of seeing your ideas take physical form fuel your journey.