Residential
Construction Loan (Residential)
Dreaming of building your custom home? CMRE's Residential Construction Loan program offers the financing you need to bring your vision to life. With rates starting at 6.875% and flexible terms, we can help you navigate the construction process and create the perfect home.
Program Benefits
Finance the construction of your dream home with a single loan.
Competitive interest rates starting at 6.875%.
Simplified loan process with expert guidance from CMRE.
Flexible loan terms tailored to your individual needs.
Build equity from the ground up as your home's value increases during construction.
Opportunity to customize your home to your exact specifications.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
50%
Loan Amount Range
$100K - $3M
Amortization Options
Eligible Properties
- Single Family
- Townhouse
- Modular Homes
Program Requirements
Income Documentation
- •Stable and verifiable income source.
- •Sufficient income to cover existing debts and the new mortgage payment.
- •Documentation such as pay stubs, W-2s, and tax returns may be required.
- •Self-employed borrowers may need to provide additional documentation.
Asset Verification
- •Sufficient assets to cover the down payment, closing costs, and construction contingency reserves.
- •Acceptable asset types include savings accounts, checking accounts, and investment accounts.
- •Clear documentation of asset ownership and balances is required.
- •Gift funds may be allowed with proper documentation.
Insurance & Title
- •Builder's risk insurance to protect the property during construction.
- •Hazard insurance policy effective upon completion of construction.
- •Flood insurance may be required depending on the property's location.
- •Liability insurance to protect against accidents or injuries during construction.
Property Requirements
- •Minimum FICO score of 620.
- •Review of credit history to assess creditworthiness.
- •Demonstrated history of responsible credit management.
- •Significant derogatory credit events may require additional explanation or documentation.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
CMRE typically requires a minimum FICO score of 620 for a residential construction loan.
The maximum LTV for our residential construction loans is 97%.
Funds are disbursed in stages as construction progresses. We require regular inspections and draw requests to ensure that funds are used appropriately and that the project stays on schedule.
Upon completion of construction, the construction loan is typically converted into a permanent mortgage. CMRE offers a variety of permanent mortgage options to choose from.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
