Zero Down Construction Loan Information

Mortgage and Lending with Community First Financial

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:

  1. Use future appraised value
  2. No money down
  3. 100% financing (including land)*
  4. Closing Costs included into the loan
  5. 24 hour  loan qualification through automated underwriting
  6. No payments during construction up to 2 years (not even interest payments)*
  7. Primary and Second Homes
  8. Full Doc and Stated Income

Qualification Process:

  1. Close on land and/or construction loan
  2. Choose a lot (if you do not own a lot)
  3. Pre-qualify for the construction loan
  4. Choose your builder
  5. Choose a floor plan
  6. Create a budget
  7. Start loan process                                                                  

Why Builders love our program:

  1. We take the guess work out of qualifying with our automated system
  2. Borrowers do not need to sell current homes
  3. Flexible line item draws
  4. Easy builder approval process (no length of time in business requirement)

Why Realtors love our program:

  1. One time close that can include the acquisition of land
  2. Reasonable credit guidelines and great rates
  3. Automated approval process


Please contact Katie Marchione at  Community First Financial about our ZERO DOWN construction loan program.  * Certain restrictions and loan to value limitations may apply. 


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Timothy Schwartz
Century 21 Mack Morris Iris Lurie - Marlboro Twp, NJ
Katie,  thanks for joining my group  Hope to see ya there.
Nov 08, 2007 05:46 AM #1
Joel Cook

I have lined up many things to build and GC our house ourselves.  I have a 700 plus credit score, and am looking for a construction loan on a home that we are ready to build.  Are you still offering those now?

May 11, 2009 06:53 AM #2
Jerry Spence

I am in contract on a lot worth 130k.  I have put 60k down on the property.  It is in Sammamish Wa.  How about a spec construction loan?  I have been building for 10 yrs.

Feb 17, 2010 05:24 AM #3
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Katie Marchione

Community First Financial
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