CONSTRUCTION AND LOT LOANS
We offer:
Incredible terms-
- 10-year fully amortizing
- 20-year amortization with a five-year balloon
- 30-year amortization with a five-year balloon
Financing options:
- Up to 80% for purchase on fully improved residential lot where future owner-occupied home is to be considered.
- Up to 65% for purchase or refinance on fully improved residential lot held for investment
- Up to 50% for cashout refinance on fully improved residential lot where future owner-occupied home is to be constructed. Maximum cash amount is $25,000
- Lot must be free of structures
And we'll make it happen with:
Low fees-
- Origination is only 1.00% and you could have all of it refunded back - ask us how
- Credit report, document preparation, flood certification: see loan officer for details
- Appraisal: $400 (varies based on area)
- Title policy costs: based on loan amount
- Title company closing cost: per title company
- Recording Fees: vary by county
Easy documentation:
- Purchase contract (if applicable)
- Most recent pay stubs and W2's for previous two years
- Tax returns if self-employed
- Two month's financial institution account statements
Available in Utah: Box Elder, Cache, Davis, Juab, Morgan, Salt Lake, Summit, Utah, Weber, Tooele, Wasatch & Washington Counties.
Available in Nevada: Clark County and the cities of Caliente, Pioche, Panaca & Alamo.
*Certain criteria apply. Please ask us for details. Member-direct lending only.
We offer:
- Low, competitive rates
- Once construction is complete, you're qualified for a 0% origination fee on your long-term loan with America First
- Up to 80% of acquisition cost
- Flexibility on down payment requirements - see loan officer for details
And we'll make it happen with the following terms:
Nine-month term, with extensions available
Low fees-
- Origination fee is only 1.00%
- Underwriting fee: $595 - No additional underwriting, processing or document preparation fees on long-term loans
- Appraisal: $500 or current cost
- Inspection fee: $450
- Course of construction insurance: varies
- Title policy costs: based on loan amount
- Recording: according to area where building takes place
- Settlement services: per title company
Easy documentation:
- Long-term approval (loan officer will obtain)
- Construction cost breakdown
- Contract with builder
- Copy of builder's license
- Evidence of lot purchase, if applicable
- Plans and specifications for the home to be constructed
Available in Utah: Box Elder, Cache, Davis, Juab, Morgan, Salt Lake, Summit, Utah, Weber, Tooele, Wasatch & Washington Counties.
Available in Nevada: Clark County and the cities of Caliente, Pioche, Panaca & Alamo.
Available in Arizona: Maricopa and Pinal Counties.
*Certain criteria apply. Please ask us for details. Member-direct lending only.
We offer:
- Low, competitive rates
- Once construction is complete, you're qualified for a 0% origination fee on your long-term loan with America First
- Up to 80% of acquisition cost
- Flexibility on down payment requirements - see loan officer for details
And we'll make it happen with the following terms:
Nine months, with extensions available
Low fees-
- Origination fee is only 1.50%
- Underwriting fee: $595 - No additional underwriting, processing or document preparation fees on long-term loans
- Appraisal: $500 or current cost
- Inspection fee: $450
- Course of construction insurance: varies
- Title policy costs: based on loan amount
- Recording: according to county where building takes place
- Settlement services: per title company
Easy documentation:
- Self-build qualification
- Construction cost breakdown
- Long-term loan from America First
- Evidence of lot purchase, if applicable
- Plans and specifications for the home to be constructed
Available in Utah: Box Elder, Cache, Davis, Morgan, Salt Lake, Summit, Utah, Weber, Tooele, Wasatch & Washington Counties.
Available in Nevada: Clark County.
Available in Arizona: Maricopa and Pinal Counties.
*Certain criteria apply. Please ask us for details. Member-direct lending only.
