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Zero Down Construction Loan Information
ZERO DOWN!  Custom Home Construction Loan & Financing
Community First Financial is excited to offer our no money down* construction loan program.  This program is designed for primary and 2nd home buyers who want to put limited funds into their custom home project.  This program also allows the borrower to use the FUTURE APPRAISED VALUE of the construction loan.
 
Construction Loan Features:
Use future appraised value No money down 100% financing (including land)* Closing Costs included into the loan 24 hour  loan qualification through automated underwriting No payments during construction up to 2 years (not even interest payments)* Primary and Second Homes Full Doc and Stated Income Qualification Process:
Close on land and/or construction loan Choose a lot (if you do not own a lot)Pre-qualify for the construction loanChoose your builderChoose a floor planCreate a budgetStart loan process                                                                   Why Builders love our program:
We take the guess work out of qualifying with our automated system Borrowers do not need to sell current homes Flexible line item draws Easy builder approval process (no length of time in business requirement) Why Realtors love our program:
One time close that can include the acquisition of landReasonable credit guidelines and great ratesAutomated approval processWe use APPRAISED VALUE  
Please contact Katie Marchione ... more

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