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Stringent Credit Guidelines.
Stringent Debt Limitations.
Licensed Contractors.
Draws Based on Invoice.
Must Document All Costs.
20% Cash or Current Equity.
Down payment Required.
Enforced Draw Schedule.
No Cash Advances.
No Owner/Builders.
No Project In Process.
No Cash Out.
Don't Like Owner/Builders.
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Liberal Credit Guidelines.
Little Debt Limitations.
Experience or Supervisor.
Draws Based on % of
 Completion Only.
No Cash Down - Program.
Based on Future Equity.
Flexible Draw Schedule.
Cash Advances for Material.
Owner/Builders Permitted.
Experienced Construction Loan
Management.
Zero Out-of-Pocket Construction
Loan Payments for 6 Months
or Longer.
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Traditional Example:
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MyHomeNow System™ Example:
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Appraised Value:
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$325,000
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Appraised Value:
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$325,000
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Lot Price:
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60,000
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Lot Price:
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60,000
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Building Costs:
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183,750
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Building Costs:
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183,750
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Total:
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243,750
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Total:
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243,750
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Construction Loan
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Construction Loan
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(80% of Costs):
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195,000
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(75% of Appraisal):
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243,750
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Cash Needed:
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$48,750
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Cash Needed:
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$0
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