Construction Loans
There are many ways to finance a construction project. Everyone's situation is different. We can help you obtain the financing you need for you unique project. Click here for more details.

• Construction to Perm

  Often, getting approved for a construction loan can be tricky. In many cases, two loans are required--one for construction and one for permanent financing. Usually you will have to pay closing costs on both loans, not to mention the extra paperwork, time and hassle involved. But at Greenback Capital Mortgage Corporation, we offer a single-close Construction-to-Permanent Loan that combines both construction and permanent financing into one loan.

• Lot/Land
  A Lot Loan is the right loan if you are looking to purchase a residential lot for future construction of a primary residence or second home. Once you have purchased your land, you will have time to design your new home and choose a contractor. Best of all, you can apply for a Construction-to-Permanent Loan when you're ready to build.

• Remodeler
  A Remodeler Loan is designed for the homeowner who is looking to make a major improvement to their primary residence. This unique second mortgage calculates the loan amount by using the future value of the planned improvements. This closed-end second financing allows the flexibility of a 30-year mortgage with a 15-year balloon or a fully amortizing 15-year mortgage.

• Bridge
  A Bridge Loan is designed for homeowners planning to construct a new owner-occupied primary residence. The Bridge Loan allows you, the homeowner, to access the equity in your current owner-occupied residence, and use it as the down payment on a Construction-to-Permanent Loan.

• Spec
  Contractors, builders and developers who are building a home without a guaranteed sale upon completion are said to be building on "Spec", which is short for "Speculation". These individuals and companies are speculating that they will earn a profit when they sell the newly constructed home. Greenback Capital Mortgage Corporation has programs specifically designed for these types of projects.

For More Information Give Us a Brief Description of Your Project, or Call Us at 201-837-6400