Loan construction loan rates
EZ Construction Loan
offers construction loans from $100,000.00 to $750,000.00 against or to build
real estate anywhere in northern California. Apply
online now for up to 60% of the projected future completion value of your
dream home in first position, paid for or not, finished or not, or at any stage
of construction. Call now for a quote for our EZ Construction Loan low private
money construction loan rates.
Typical fees & points
Title & Escrow fees:
- Title fees (title document fee, recon, recording, ALTA lender's title coverage,
escrow fee, draw processing fees)
Loan origination fees:
- Loan points (loan doc fee, draw inspection fees if out of our area)
Interest charged on draws held:
- Interest is charged on the full loan amount of your construction loan including
the part of your loan proceeds held for draws or work to be completed.
- Our program requires that our private lender deposit the full amount of your
loan prior to close to be placed in an escrow account for you by the title company
which insures that your funds will always be there ready and waiting for you
(along with all accrued interest accumulated at the pass book rate) whenever
you're ready for your next draw (even if I got hit by a truck tomorrow).
Construction loan details: $136,000.00 no doc/no qualifier. One year construction
loan to build a 1547 sq ft home on a quarter acre (on file in our office). Interest
rate 10% per annum. Appraised at $250K.