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Construction Cost Calculator
Waterstone Mortgage
Program Details
Minimum Loan Amount
$100,000
Maximum Loan Amount
$806,500
Required Credit Score
660
How is the Loan Amount Determined?
loan to future value
Availbility:
Lot and construction loans, Renovation loans. Up to 100% financing. Loan amount is based on future value!
Details :
660 min credit score required.
All financing percentages are based on the “future” or “as-built” value as long as the lot is owned/on title.
95% to $806,500
100% of Construction costs can be financed determined by future value (lot equity included) appraisal.
If the lot is not owned a min 5% down payment is required toward the total costs
Primary residences and secondary residences only
Contingency fund is optional.
NO Reserves for qualifying if 680+fico.
Up to 18 months construction period
30-year fixed
One-Time Close with rate free float down at the completion of construction
Interest-Only payments during construction based on funds disbursed monthly.
No prepayment penalty
Owner builders not eligible
Hassle-Free draw process
Lot loans available
Not eligible for FHA/VA loan types
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First Name
Last Name
Phone
Email
*
Zip Code
Do you have a builder?
Yes
No
Do you have a lot to build on?
Yes, free & clear
Yes, financed
No
What type of project are you considering?
Primary Custom Construction Loan
Vacation Custom Construction Loan
Primary Renovation Loan
Vacation/Investment Renovation Loan
Approximate Budget
*
Submit
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Let's Start
Next
When do you need your project started
*
As soon as possible!
In a few months
Not sure
Next
What type of construction project are you planning to undertake?
Residential (e.g., new home, renovation)
Commercial (e.g., office building, retail space)
Previous
Next
What is the current status of your project?
Planning and Design
Permits and Approvals
Construction in Progress
Other (please specify)
Previous
Next
what type of property is this
single family home
condole/apartment
office/commercial
Previous
Next
How much are you looking to pay?
$200k - $450k
$450k - $800k
$800k - $1.5m
$1.5m or more
I'm not sure yet
Previous
Next
How much do you want to put down towards the down payment?
0 to 5%
6 to 10%
11 to 15%
16 to 20%
Greater than 20%
Previous
Next
How would you rate your credit score?
Good: 700 - 749
Fair: 650 - 699
Poor: 550 - 649
Bad: 550 and below
I'm not sure
Previous
Next
Have you secured the necessary permits for your construction project?
Yes
No
In Progress
Previous
Next
Do you have a detailed construction plan and budget prepared for your project?
Yes
No
Partially
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Next
Have you identified a contractor or construction team for your project?
Yes
No
In Progress
Previous
Next
Have you ever applied for a construction loan before?
Yes
No
Name
*
Phone
Email
*
Previous
Next
Is there any additional information or specific questions you have about construction loans that you would like to mention?
Please Solve
*
=
Submit
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