Let Us Help You Make Something of It
You've got the property. You've got the plans. You've got the permits. You've got everything but the funding to make it happen. That's where we come in. We've got the construction loan to fit your needs. And we've got the loan officers who won't keep you waiting to say "yes"!
Your construction loan expert is available to get your funding fast and hassle free. Contact construction@myprovident.com or call (951) 781-0402.
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Lot Loan Program |
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Construction Only Loans |
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Intermediate ARM Construction Loans |
Our Lot Loan Program has all the features and
benefits our customers have asked us for over the years.
| Interest Rate: | Fixed |
| Eligible Properties: | Purchase only |
| Payment: | Interest only note |
| Term: | 18 or 36 months |
| Maximum Loan To Value: | 75% up to $400,000 loan amount. 70% up to $600,000 loan amount. |
| Minimum Down Payment: | 25% or $15,000 |
Provident's Construction Only loan for single-family, owner-occupied properties provides a 9 or 12 month, ARM, construction period, due and payable at the end of construction.
| Interest Rate: | ARM - Monthly Adjustable Rate | |
| Eligible Properties: | Owner Occupied, Single-family, Second homes | |
| Payment: | Interest as disbursed, monthly | |
| Term: | 6, 9, to 12 months | |
| Maximum Loan To Value: |
(Full Doc) Owner Occupied 80%
up to $650,000
Second Homes 80% up to $500,000 |
(Limited Doc)
Owner Occupied 80%
up to $500,000
Second Homes 75% up to $350,000 70% up to $500,000 |
| Minimum Cash Equity | 10% | |
INTERMEDIATE ARM CONSTRUCTION LOANS:
After the construction period is complete, loan
will automatically convert to a fixed rate for a period of 2 years
and then will convert automatically to an adjustable rate mortgage for
the remainder of the term. There will be no negative amortization with
this type of loan.
| Interest Rate: | Fixed for 2 or 4 years, then adjustable for the remainder of term | |
| Eligible Properties: | Owner Occupied, Single-family, Second homes | |
| Maximum Loan To Value: |
(Full Doc) Owner Occupied 80%
up to $650,000
Second Homes 80% up to $500,000 |
(Limited Doc)
Owner Occupied 80%
up to $500,000
Second Homes 75% up to $350,000 70% up to $500,000 |
| Minimum Cash Equity | 10% | |
3756 Central Avenue Riverside, CA 92506 |
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