Construction Loans

Construction Loans Are Good For:

They are ideal for individuals or companies seeking to construct a custom home tailored to their specific needs, allowing for greater control over design, materials, and modern features like energy efficiency.

FDM Construction Perm Loans

Are you looking to build your dream home?  FDM provides One-Time Close Construction Perm loans up to $3,000,000.00.  With the FDM Construction Perm Program you can build your home on your own lot or purchase a new lot and build your new home with one loan.  The FDM Construction Perm Program goes up to a 90% Loan To Value and you can lock your interest rate up to 18 months while your new home is being built.
The FDM understands the entire construction process from getting the Building Permit through home completion developing our program to solve the unique challenges associated with building a custom home. The FDM Construction Perm Program is the perfect program if you are building that perfect custom home.

Fannie Mae Construction Loan:

• One-Time Close.
• 30 and 15-Year fixed rate programs.
• Permanent rate lock float down available.
• Loan amounts up $1,089,000.00.
• Primary Residence up to 90% Loan-to-Value.
• Second Homes up to 90% Loan-to-Value.
• Interest only payment during construction.
• Soft costs may be financed.
• Up to 10% advance available for the payment of permit and impact fees.
• Simple draw request and payment process.
• Construction period up to 12-Months.
   

Jumbo Construction Perm Program:

• One-Time Close.
• Fixed Rate and Arm Programs Available.
• Loan amounts Up to $3,000,000.00.
• Primary Residence up to 85% Loan-to-Value
• Second Homes up to 80% Loan-to-Value.
• Interest only payment during construction.
• Soft costs may be financed.
• Up to 10% advance available for the payment of permit and impact fees.
• Simple draw request and payment process.
• Construction period up to 18-Months.