New Loan Offering: New Construction Loans
February 13, 2023
Bee now offers new construction loans!
For those who want to build their own home, on their own terms, we've got you covered with a convenient new construction loan. These unique loans allow qualified borrowers to be approved to finance the construction of the new home. From design to closing, Bee offers a loan that's with you all the way.
The best part? One streamlined closing! Which means one interest rate (with the option to modify down if the market improves), one down payment, one full credit report to order and one approval. And don't worry, if rates drop before your home is done, you've got the option to modify your rate at no out-of-pocket cost.
- Eligible on 15-and 30-year fixed conventional and high balance loans and 7- and 10-year ARMs
- Available on primary, second and investment property purchases and rate/term refinances
- 700+ FICO, up to 95% LTV
- DU Eligible with flexible terms
- 11-month maximum build period with 1-month modification period
- Loan amounts up to the conforming loan limits
- Can be used for a refinance for new home upgrades, improvements or additions
- Additional underwriting terms and conditions still apply
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Bee is a leading Florida mortgage broker with over 10 Florida local offices that’s been featured heavily in the local and national news for its instant pre-approvals, low rates, fast closings, and new mobile technology. For more news and resources, click here.
