Primary and Second Home Construction Loans

Imagine the most beautiful spot on earth to live...and you have the chance to own it.  Just one problem...there's no house.  No problem...

United American Mortgage has the perfect solution.  The ONE-TIME CLOSE loan.  It allows you to purchase the lot, build your dream home and will automatically convert to permanant financing.  And the best part, it's the same loan.  You apply once, qualify once and that's it.  

Available Loan Products:

•        1 Year Treasury ARM
•         3/1 and 5/1 LIBOR ARM's
•         15 and 30 Year Fixed.

Loan Features:

•         Loan amounts up to $3,000,000
•         Loan to values up to 90%
•         Full Doc, Stated Income and Asset Based
•         Decision credit scores as low as 660
•         No monthly mortgage payments during construction
•         Interest rate protection and free float down option
•         Simple conversion to permanent financing with no cost to request any other loan program
•         Ground-up and major rehabs (primary residence and second homes)
•         Owner-builder program available – requires a Site Supervisor if borrower is not a General Contractor or otherwise in the trade.
•         Construction terms: 6, 9, 12, 15 & 18 months
•         24/7 online draw requests

Lot Loans are also available....