CONSTRUCTION & 30 yr. PERMANENT LOAN COMBINATION

It's one loan. Your choice of a 6, 9, or 12 month construction period. As an example, if you choose a 12-month construction period, the term of the loan is 31 years; the first year is at the construction rate and the remaining 30-year period is a permanent fixed rate loan.

When the home is complete:

• The 30-year interest rate rolls down to the market rate
• The 30-year interest rate is capped; it can never exceed the construction interest rate no matter how high interest rates may have risen during the construction period.

Note: This particular program is for owner occupied or second home properties.

It's one loan. Depending upon the construction period (up to 1 year), the loan can be thought of as up to a 31-year loan.

There is only one:

• Approval
• Escrow
• Closing Cost
• Appraisal
• Credit Report

Lock that rate!

• Our basis includes all costs! Lot, utilities, swimming pool, landscaping, architectural and permit fees as well as all the finance and carrying expenses.
• We can loan up to 90% of cost or 80% of projected appraised value. Our appraisal of your architectural plans determines a finished projected value of the entire project.

Land Financing - 75% of cost up to $1,000,000

• Up to a 5 year loan term
• Includes acreage and second home properties

  When you finance the purchase of your land by using e-build we will credit back up to 1 point of the loan fee if you also finance the construction of your home through us.

New Homes & Remodel Projects for resale (Spec. Loans)

• Up to 15 month construction period
• Reduced Documentation Available (Reduced Doc. Loan)

No Payments During Construction Period

• The cost of financing is part of the cost to build
• Set yourself free from making the monthly payments during the construction period. We can do it for you.
• Interest is charged only on that portion of the loan that is drawn from the construction account.

No Income Qualifers

We offer:

Full Documentation Loans

Reduced Documentation Loans (Self-employed only)

• No Income Tax Returns
• No Profit & Loss Statements
• Just stated income

No Ratio Loans (Monthly debt payment to income ratio)

No Documentation Loans

• No employment verification
• No asset verification
• No tax returns
• No stated income
• Only good credit and appraisal reports required

(Loan to Values may be reduced depending upon program and credit rating)

PO Box 391 Geronimo, CA 94963 Phn: (800) 201-3278 Fax: (415) 488-9559

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URL: http://www.e-build.com