The National Mortgage Store

Whether you're planning to build your dream home, making investing a part or full-time job, or just thinking about it, we can help. We can answer your questions, from cost to build, risk evaluation, project planning, architectual and engineering services, permits and guide you through the loan process to tie the whole process together.

The National Mortgage Store has direct experience in construction for individuals, investors and builders. We'll be with you every step of the way from framing your front door to turning the key. At The National Mortgage Store, we're home construction lending experts. We can answer your questions and your builder's questions so your project keeps moving smoothly from groundbreaking to housewarming. Our Construction-to-Permanent Loan is based on ordering an appraisal based on the future value of the home. That's right I said future appraised value of you home. We can lend 100% of the future appraised value of a primary home, and 90% of the future appraised value for a speculative and investor homes. The construction loans is based on the actual cost which can include the purchase of the land or existing structuce.

We can offer new construction loans on the following property types:

Primary Homes
Second Homes
Investment Properties from 1 to 4 unit buildings
Speculative Homes for Builders
Partial to Complete Rehabilitation
Commercial Multi-family, Office, Retail and Churchs (see commercial)

This means with one application, you get all the financing you need in two easy processes your construction and permanent loan. All fees and points will be built into both mortgages. Based on the project if it has enough value we can finance your land and wrap your closing cost into your construction loan up front. Below you will find the list of items you will need to get your construction loan started.

Plans and Specifications
Plot Plan
Proof of a Land contract or a Deed
Proof the Land is build able from your local Building Inspector
Title Commitment
Homeowners Insurance
Line item list of all cost to build your project

Terms of the construction loan are for 3 or 12 month periods. This loan program offers interest only (up to 5 draws) 30-year amortization. We also have the ability to roll all of your closing cost and monthly payments until complete into your loan.