LAKE MICHIGAN CREDIT UNION

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Program Details

  • One-Time Closing! Only pay closing cost once
  • Lock in your rate upfront and avoid interest rate risk
  • 5% down
  • Loans up to $2,000,000
  • 15-yr & 30-yr fixed or 3/1, 5/1, 7/1, 10/1 AMR’s amortized over 30 years
  • Interest-only during the construction period
  • Escrows not required during the construction period
  • Equity bridge loans available
  • No minimum credit score
  • No self build or owner builders. The builder must be approved.
  • Not available in Miami-Dade County or Broward County Florida

Construction loans are different animals.  They have different rules and qualifying criteria.  No feeling is worse than not qualify for the loan after you are committed to a lot. It makes for a REALLY bad day and a big mess.  All of the loan officers listed on this site specialize with Construction Loans ONLY. They are battle-tested, seasoned, and recommended by your peers. Give them a call!

Do you want Construction Loan Specialist to contact you? we’ve made it really easy. Drop your name and phone number in the form on this page and we’ll let him know you’re looking for him.