For a pre-approval of an interim loan, please forward the tri-merge and lender's approval letter stating that all conditions are met subject to inspection of completed property. We can approve in 24 hours.

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Rate and term are as follows:

10-12% per annum depending on credit plus 2.5 to 3 points depending on monthly volume.

$400 processing fee

$300 underwriting fee

____ doc prep, lender's policy & title company costs.

Term is 120 days with a penalty of 1% of loan amount for every 30 days after due date.

We will lend up to 70% of appraisal, or higher on a case-by-case basis.

We pay off land in developer/seller's name.

We disburse up to dealer's cost of home.

We disburse one-half of construction cost to contractor at closing. Balance of second half is disbursed upon closing of permanent loan. Breakdown of construction costs must be submitted.

505-275-2244