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Custom Construction
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CUSTOM CONSTRUCTION Looking for purchase financing? Click here FINANCE CUSTOM CONSTRUCT
(Ground Up) - Tell us about your project . Our team supports
renovation financing for building a home on a lot or tearing down a house and building a new. The property
can be an owner occupied property or an investment property 2-4 units. All of our programs are based on the property's “AFTER
IMPROVED” value. The "after improved value" is equal to the cost of the purchase of the property, plus the
costs of renovation/repairs in terms of today's appraised value after the work is complete. . Convenient confidential applications can be complete “On
Line”, over the phone, or in person. Normally, we will issue a conditional loan approval within 24 hours of receiving
the application. Actual closing will be 10 business days after receiving the appraisal, provided all other conditions are
satisfied. Once the loan is closed, the work can begin. We will issue draws (monies to pay for the repairs/renovations)
as the work is finished. . There must be a bid from a licensed and bonded contractor covering
every work item in the project. We will consider owner contractors or self help projects on a case by case basis. START THE PROCESS – Tell us about your project. This site is maintained Ozell Jackson,
a loan officer with The Legacy Group license# MLO-113222, for the purpose of informing people of real estate financing options.
Industry average interest rates provide by MORTGAGE
New Daily (click here for more information about mortgage rates). This is not an offer to lend at a specific rate. Several factors determine an interest rate. For a personal rate quote,
call (877) 313-5954. This does not constitute a commitment to lend. All
loans subject to full underwriting approval and satisfactory appraisal. Program subject to change without notice. Individual(s)
listed are employees of Legacy Group Lending, Inc., NMLS ID #4455. Affiliated companies: Legacy Group Capital, LLC NMLS #99045,
Legacy Group Escrow, LLC License # 540-EA-40580. For state specific licensing information visit www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/4455. January 2nd, 2012.
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