USAFG
Builder Finance’s construction loans target single-family
residential builders serving first-time homebuyers or
first-move-up homebuyers, whose markets have stable and broad
market appeal. These loans do not typically exceed 80% of the
loan to value of the homes being constructed. The loans are
originated on single-family, primary residences, the majority of
which are pre-sold, with a limited number of speculative starts
or model homes. No resort or second homes are financed with this
program.
30
day LIBOR based equivalent of Prime plus .5% to 2%
.5
to 2% Origination Fee
12-month
term
Appraisal/Evaluation
process used for cost effectiveness for customer
