Loan types

Refinance loans

They did not hassle or bother me. They let me make the choice.
-- Lewis
Glenside, PA

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New Home Construction & Lot loans

Home construction loans are short-term loans used to finance the building or renovation of a property. These loans are disbursed in the form of payments to the builder, sometimes called "draws", after each phase of construction is completed.

The Pennsylvania Mortgage Store offers the following new home construction / renovation loan programs:

Construction-to-permanentLTVPROGRAM DETAILS

6 mo. Interest-only

9 mo. Interest-only

12 mo. Interest-only

18 mo. Interest-only

 up to 125%
  • One close - one set of closing costs
  • Owner / builder programs
  • loan amounts to $3,000,000
  • Interest is tax deductible in most cases
  • Full, Stated income or No ratio docs
  • Interest rate protection and free float down option
  • Choose from: jumbo loan, adjustable (1 year, 3/1 and 5/1 ARMs) or 15-30 year fixed for permanent financing

Lot loan

Our short term lot loans are designed with flexibility in mind. We also have programs for larger land purchases (contact us for details).

Lot loansLTVPROGRAM DETAILS

30/2 Fixed Balloon

30/5 12 MAT ARM Balloon

30/5 6-mo. LIBOR ARM Balloon

 up to 90%
  • primary residence or second home
  • loan amounts to $500,000
  • Full or Stated income

The next step

If you need a construction loan or bridge loan while building please fill out the form below so we can begin working with you. Our advice is free and there is no obligation to use our services.

Quick form

 


The Pennsylvania Mortgage Store is an Equal Opportunity Lender. We do not discriminate based on race, color, national origin, religion, sex, familial status, or disability.
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