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Two-Time Options Available

CONVENTIONAL

  • Conforming loan amount
  • Max loan to value 95% with a minimum credit score of 680 (Primary Residence)
  • Primary or Secondary Home 1 unit SFD
  • No requalifying at modification within the 9 month construction term (Lender will verify employment at time of modification)

FHA

  • Loan amount per FHA county loan limit
  • Max loan to value 96.5%
  • 15 & 30 year fixed rate option
  • Primary owner occupied 1 unit
  • Minimum credit score 600
  • No requalifying at modification

VA

  • Max loan to value 100%
  • 15 & 30 year fixed rate option
  • Primary owner occupied 1 unit
  • Minimum credit score 600 (Subject to Veterans Eligibility)

UP TO 95% LTV

  • NO LENDER RETAINAGE
  • FLEXIBLE DRAW SCHEDULES
  • COMPETITIVE RATES AND FEES
  • CREDIT SCORES DOWN TO 600
  • NTEREST ONLY PAYMENTS DURING CONSTRUCTION
  • LOT EQUITY ACCEPTED FOR DOWN PAYMENT ON MOST PROGRAMS

TERMS FOR ALL PRODUCTS

  • Specialized underwriting and processing
  • Closing turn time within 30 days of receiving contract, plans and specs
  • Simultaneous close for lot purchase and construction financing available
  • 9 month construction term
  • No BOR’s (Builder of Record). A builder in the industry will be required on all transactions
  • Monthly payment due during the construction phase will consist of accrued interest only
  • Interest only during construction with competitive rate
  • One closing = less closing costs

All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines subject to change.
VA loan subject to veteran’s full eligibility.
USDA Program is for primary residence only and Income and Geographic limits apply.

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Lower, LLC dba Thrive Mortgage | Loan Officer │ Branch Manager | NMLS #297242 | Branch NMLS #2558408 | CA │ CO - CO 100509163 │ LA │ MA – MLO297242 │ MN – MLO 297242 │ NM │ NC – I - 212206 │ PA – 96559 │ TN – 297242 │ TX
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TEXAS MORTGAGE BANKER DISCLOSURE


Pursuant to the requirements of Section 157.007 of the Mortgage Banker Registration and Residential Mortgage Loan Originator Act, Chapter 157, Texas Finance Code, you are hereby notified of the following: Consumers wishing to file a complaint against a mortgage banker or a licensed mortgage banker residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department's website at www.sml.texas.gov. A toll-free hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department's website at www.sml.texas.gov.