2TC Flyer to Builder
1
TURN YOUR CLIENTS’ DREAMS INTO THEIR DREAM HOMES. PrimeLending New Construction Loans The PrimeLending construction loan program is a two- step process where your clients first obtain an initial project loan to begin the project, then once construction is complete, they refinance that loan for their new mortgage at the most favorable terms possible. PrimeLending Construction Loan Advantages. • Only three to five days to receive your draws. • Funds are wired directly into your account. • Receive 10% advance on initial loan at closing. • We fund ahead throughout the entire project. • Borrower’s signature is not required for draw requests. • Draws are not tied to the borrower’s performance on the loan. Benefits for your clients: • Loan amounts up to $1.5 million. • Rate can be locked on the second loan up to 9 months, fees will be refunded at closing. • Initial loan comes with a fixed rate, interest is only paid on funds that are drawn, not the entire loan amount. • Closing cost credits on their second loan for little or no cost refinancing. • Loan programs to match their financial needs, long- and short-term goals, even down payment options. • Any conventional PrimeLending fixed or adjustable- rate loan can be used to begin construction. • All our loan programs are available for refinancing, including FHA, VA and USDA programs that may offer additional savings. We keep the process simple. We’ll support and keep your clients informed throughout the entire loan process. From applications to fast closings,* we keep things simple every step of the way for you both. GET PREAPPROVED TODAY. CONTACT PRIMELENDING FOR MORE INFORMATION. We’d love to help support and build your business. Contact us today to learn more. MS_799 Courtney Hemsley Business Development Construction Lending NMLS: 1554701 NOT INTENDED FOR CONSUMER DISTRIBUTION. *On-time closing and fast processing dependent on many factors including receiving timely documentation from the borrower. All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender. © 2016 PrimeLending, a PlainsCapital Company. PrimeLending, a PlainsCapital Company (NMLS: 13649) is a wholly owned subsidiary of a state-chartered bank and is an exempt lender in TX. v021216 [email protected] 972-852-8032 214-728-3883 18111 Preston Road Suite 900 Dallas, TX 75252 www.primelending.com
-
Upload
courtney-hemsley -
Category
Documents
-
view
15 -
download
0
Transcript of 2TC Flyer to Builder
TURN YOURCLIENTS’ DREAMSINTO THEIRDREAM HOMES.PrimeLending New Construction LoansThe PrimeLending construction loan program is a two-step process where your clients first obtain an initial project loan to begin the project, then once construction is complete, they refinance that loan for their new mortgage at the most favorable terms possible.
PrimeLending Construction Loan Advantages.• Only three to five days to receive your draws.• Funds are wired directly into your account.• Receive 10% advance on initial loan at closing.• We fund ahead throughout the entire project.• Borrower’s signature is not required for draw requests.• Draws are not tied to the borrower’s performance
on the loan.
Benefits for your clients: • Loan amounts up to $1.5 million. • Rate can be locked on the second loan up to 9
months, fees will be refunded at closing.• Initial loan comes with a fixed rate, interest is
only paid on funds that are drawn, not the entire loan amount.
• Closing cost credits on their second loan for little or no cost refinancing.
• Loan programs to match their financial needs, long- and short-term goals, even down payment options.
• Any conventional PrimeLending fixed or adjustable-rate loan can be used to begin construction.
• All our loan programs are available for refinancing, including FHA, VA and USDA programs that may offer additional savings.
We keep the process simple.We’ll support and keep your clients informed throughout the entire loan process. From applications to fast closings,* we keep things simple every step of the way for you both.
GET PREAPPROVED TODAY. CONTACT PRIMELENDING FOR MORE INFORMATION.We’d love to help support and build your business. Contact us today to learn more.
MS_799
MS_799_Reno 2x Close B2B Flyer.indd 1 10/18/16 1:28 PM
Courtney HemsleyBusiness DevelopmentConstruction LendingNMLS: 1554701
NOT INTENDED FOR CONSUMER DISTRIBUTION.*On-time closing and fast processing dependent on many factors including receiving timely documentation from the borrower.All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender. © 2016 PrimeLending, a PlainsCapital Company. PrimeLending,a PlainsCapital Company (NMLS: 13649) is a wholly owned subsidiary of a state-chartered bank and is an exempt lender in TX. v021216
972-852-8032214-728-3883
18111 Preston Road Suite 900Dallas, TX 75252
www.primelending.com
