We are proud to now offer Construction Loans here at Cliffco Mortgage Bankers. Construction loans allow you to build a house from the ground up. It is available for one family primary or secondary residences, with loan amounts from $150,000 to $1,500,000.
Features of Cliffco Construction Loans:
- Loan amount up to 80% of construction cost
- Flexible terms
- Easy draws
- Competitive fixed rate
- Interest only on the funds as they are disbursed
- 9 to 12-month term
- Cost to build includes all costs associated with construction, renovation
- Can be used for renovation, and/or tear down
- Available in Nassau, Suffolk, Queens, Kings, Bronx, Manhattan, and Staten Island counties
- Self-Builder allowed with 30% down payment and verifiable construction experience
To learn more about Construction Loans, our Cliffco Mortgage Bankers loan specialists at (516) 231-1654 or email email@example.com. Each one of our licensed experts can help answer any questions you might have, guiding you every step of the way through the loan process. We look forward to hearing from you!