AMK Financial Corporation offers one-close construction loans to simplify and lower costs on your new dream home.
Introducing the one-close construction loan.
Waterfront views. Game rooms. Granite countertops. Mechanic’s garages. Everyone has their own ideas of what a perfect home is like, but let’s face it—they’re not always available on the market.This custom-tailored loan product offers clients the chance to both build and finance the home of their dreams—all with just one application and one closing.
Not many lenders offer this unique loan product, so partner with Flagstar to offer your clients a much simpler way to build and finance their perfect home.
Features and Benefits
• 70% LTV with no requalification required post-construction
• 90% LTV option with requalification required post-construction
• Loan amounts up to $424,100, or more in high balance areas
• Rate can be locked at any time during the loan application/process
• Simple and flexible draw process with no set schedules
• Pay just interest-only payments during construction (some restrictions apply)
• Consolidate construction and purchase for only one set of closing costs and fees, Loan types and terms
• 15-year conventional
• 30- year conventional
Eligible properties include
• 1-unit site-built homes
• Planned Unit Developments (PUDs)
• Modular homes
• Site condominiums
• Rural properties