The Oasis Construction Financing

US Based Lender Fixed Rate Mortgage

• 9.25% interest only loan during 18 month construction phase.*
• 80% max loan to value subject to credit verification.
• Exceptions to max loan to value are given on a case-by-case basis.
• Construction loan must be secured by buyer equity.
• Security and buyer equity will evaporate at permanent closing.
• Mortgage held in trust until permanent closing.
• All foreign nationals considered.
• 3.5% loan origination fee paid at construction loan closing.
• No pre payment penalties.
• $400 application fee, $250 refundable at construction loan closing.

 

No Cash Payments During Construction

• Interest during construction period will be financed into the permanent loan amount at closing.
• Construction loan reverts to an 8.25% 30 year fixed mortgage at completion of construction.*

Estimated Permanent Mortgage Payments

• Duarte 3BR 3BA – 2,313 Sq Ft – Price $350,000*
  • Estimated down payment - $70,000
  • Estimated permanent mortgage monthly payment - $2,395
• Margarita 2BR 2BA – 1,700 Sq Ft – Price $275,000*
  • Estimated down payment - $55,000
  • Estimated permanent mortgage monthly payment - $1,882
• Perla 1BR 1BA – 839 Sq Ft – Price $160,000*
  • Estimated down payment - $32,000
  • Estimated permanent mortgage monthly payment - $1,095

 

* All prices and rates are subject to change