Contact: Jeff Starcher
Direct: 301- 617- 4204
Highlights include: True one time close construction to permanent financing | 90% no mortgage insurance
“In a continuing effort to help our clients, realtors and builder partners, I am happy to announce we have increased our maximum loan amount on the 90% financing to $1,500,000. For well qualified buyers, 90% financing is available for both PURCHASE and CONSTRUCTION PERM financing in a single loan with no PMI.” – Jeff Starcher, 2020
Contact: Brian Morley
Highlights include: Up to a 24 month construction term, fixed and adjustable rates, low down payment options, flexible underwriting guidelines namely with applicants who own their current home.
“At Fulton Mortgage Company, a division of Fulton Bank, we have crafted a number of construction to permanent loan solutions to meet the needs of all of clients. We offer a full suite of both fixed rate and adjustable rate products, with a flexible construction period of 10 to 24 months. At Fulton Mortgage we understand the needs of construction applicants and have built unique products that allow for as little as a 5% down payment, and flexibility with applicants that own their current home. We look forward to the opportunity to help you build and finance the home of your dreams.”
– Brian Morley, 2020
Highlights include: Choice of fixed rate or ARM products
“FNB’s one time close construction loan program is construction financing made easy. We offer 0point options on our full line of our construction loan products, you only pay points if you choose to. Applicants can choose one of our fixed rate products or select an ARM product, no need to worry about refinancing after construction. Qualified applicants do not need to sell their current home thus avoiding the hassle and expense of multiple moves.”
– Jeff Schroll, 2021
We have searched for the most competitive construction-to-perm loan programs in the mortgage industry coupled with excellent service from experienced and qualified loan officers. The lenders we have selected offer the best in construction financing (for house construction, site work, permit fees, existing mortgage, etc), the option to defer payments through construction, low interest rates and more. Our lenders are always on call for you – so feel free to contact them and find out what program is best for you.
All lenders offering construction to perm financing will require borrowers to obtain Builders Risk Insurance. These policies typically cover the structure, protect against liability, certain types of damage to the property, and ever changing ordinances during the duration of construction.
Highlights Include: Obtain your Builders Risk Policy that converts to a Homeowners Policy upon completion of your home. Flexible deductible and liability options.
“My agency has years of experience insuring new home construction projects and makes the process simple. We work closely with your builder to ensure we have the information we need to protect you during the construction process. We follow up with our clients all the way to when construction is complete. At that time your policy converts to a Home Owners policy. Ask me about my own experiences with the construction of a home with Classic Homes of MD.“ – Mindy Aguirre, 2021
Due to extreme market volatility, please contact our Sales Team for current pricing and availability.
16302 Old Orchard Rd, Silver Spring MD 20905
Classic Homes, Inc
50 W. Edmonston Drive, Suite 405, Rockville, MD 20852 Tel: 301-256-4110
© 2009 - 2017 Classic Homes, Inc. | MHBR No. 5421