Builder and Construction Home Loans

We provide FREE PRE-APPROVAL on affordable construction to permanent home loans, bridge home loans, no documentation construction home loans, and interest-only land loans.

Metrocities Mortgage provides comprehensive and innovative construction financing loans. We have a variety of construction home loan programs for borrowers as well as special programs for builders and developers. We specialize in:

Construction to Permanent Home Loans

Acquisition/Remodel Home Loan Programs

Lot or Land Acquisition Home Loan Programs

Construction to Permanent

Our “one-time-close” program provides you with affordable, highly-convenient construction and permanent financing in one simple loan with one set of closing costs. This versatile plan provides a hassle-free way to access money for lot acquisition, construction, and permanent funding – all in one place.

Through our construction-to-permanent home loan program, we’ll finance you with a low-rate, interest-only loan, to help pay for acquisition and construction costs. This is a very affordable path, as you only make payments on the outstanding loan balance. When construction is complete in 6 to 24 months, a permanent loan period begins. You essentially get two loans in one, with one approval, one appraisal, one set of documents, and one-time fees.
  • No payments during construction phase
  • 6,9, 12, 18 – 24 months for construction
  • One time closing costs
  • Primary, secondary residence or up to 4 unit investment properties
  • Stated income

Acquisition/Remodel Loan Programs

Our Acquisition/Remodel Loan Program enables you to conveniently finance both the purchase and remodeling construction of your new home, at the same time. Much like the construction-to-permanent program, the remodeling and permanent phases are combined into one loan, saving you time and money. The remodel work can take up to 24 months, with available monthly draws, depending upon the project. When remodeling is complete, the loan transitions into permanent financing.

  • Purchase and rehab – no plans, no specs, no contractor, no problem
  • Purchase, remodel, and rehab combined in one loan with one close and one set of fees
  • Loans available for 6 – 24 months
  • Permanent loan rate can be locked up front
  • 30 years, 15 years, 3/1 ARM, 5/1 ARM, Interest-only and Payment Option ARMs

Residential Lot Acquisition Loan Programs

This program offers the flexibility of fixed or adjustable rate financing when you purchase a residential lot. With loans amortizing over 30 years, you will have ample time to design your home and select a builder. For added convenience, take advantage of interest-only payments or our affordable construction-to-permanent loan when you are ready to build.

  • 30 Year loans – fixed, ARM, or interest-only
  • Up to 90% of lot value
  • Up to 50 acres
  • Stated Income
  • One time close loans for lot acquisition and construction

For FREE land or construction loan pre-approval, please call us toll free at (866) 266-9159 or email constructionloans@metrocitiesmtg.com.

Also Available:

  • Spec Housing-Single Family Residences
  • Non-Owner Occupied/Investment Properties 1-4 units
  • Manufactured Housing

Se Habla Español
Toll Free: (866) 572-5901
Email: dgarcia@metrocitiesmtg.com

 

We have a variety of programs for borrowers as well as special programs for builders and developers. Call now for FAST and FREE PRE-APPROVAL.
(866) 266-9159

Builders:
We offer Tract Construction Loans for Single Family and Condo Projects to $35,000,000.

Additional Programs Include:

• Easy qualification stated income/stated assets programs

• Loans to $10,000,000

• Flexible draw schedules

• Rental property construction loans

 

 

 
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Metrocities Mortgage, LLC, located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403, is a Delaware limited liability company licensed by the California Department of Corporations under CRMLA. Arizona Mortgage Banker License #BK0903027; Georgia Residential Mortgage License #16984; Illinois Residential Mortgage Licensee #6424; Kansas Supervised Loan License #2002-4365; Massachusetts Mortgage Lender/Broker License #MC2011; Mississippi Registered Mortgage Company; Licensed by the New Hampshire Banking Department; Licensed Banker-New Jersey Department of Banking and Insurance #9932415; Registered Mortgage Broker – NYS Banking Department; Ohio Mortgage Broker #MB803629; Pennsylvania Department of Banking #1740 and licensed pursuant to the Secondary Mortgage Loan Act; Rhode Island Licensed Lender #20021343LL; licensed by the Virginia State Corporation Commission as MLB-786. This is not an offer to enter into a rate lock agreement under Minnesota law. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.