Construction to Permanent Loan in SW Florida - They're Back!

Jan. 4, 2013 - PRLog -- While the housing market in Cape Coral, Florida continues to improve, retail values are inching closer to replacement cost and that means new construction will be the favorable product for homeowners and real estate investors alike.  If you remember the preconstruction days of pre-bust, lending guidelines were too lenient.  Today, these loans must conform to FHA, VA, Conventional, or any Fannie Mae loan product, resulting in a much safer environment to build your home in a growing metropolitan area.
We are the exclusive marketing firm for a lender offering Construction to Permanent Loans in Lee County, specifically Cape Coral.  The “Build on your Lot” approach will allow homeowners to select from any of our hundreds of lot sites in South Cape Coral, or have our associate assist in finding another vacant lot in the area of the buyer’s preference.  This program also allows the buyer to choose from any end-loan mortgage product such as the following (prevailing interest rates):

Conventional – 80% Loan which requires a 20% down payment.
FHA – 96.5% Loan which requires only a 3.5% down payment.
VA (Veterans) – Loans can be up to 95% financing requiring only 5% down payment
Investor:  Loans to investors will require 20% down payment


In short, primary homeowners will be able to finance a full construction to permanent loan with low money down and building a brand new home for their family.  No additional down payments are due in addition to what the mortgage product requires.  New construction will average at approximately $61 per square foot, a very good value when considering paid assessments and South Cape location.

If you are interested in additional information, call Scott Allan at 877-688-7582 or visit http://www.MyRealtySource.com