Borrower Construction Loan


This program is designed for Borrowers who are hiring a builder to construct a residential property..

The Case Financial Advantage:

  • Loan amounts from $75,000 to $2,000,000
  • Loan amounts of up to 90% of the appraised value on single family, owner occupied, full income documentation, conforming loan amounts. Otherwise, up to 85% loan to value (up to 80% of appraised value on 2 to 4 family owner occupied and non-owner occupied homes)
  • Land purchase may be included in the construction loan, up to 75% of the lot purchase price
  • 12 month construction term (up to 18 months on an exception basis)
  • Rates start at 7.45% during construction Fast pre-qualification, typically within 3 to 5 business days
  • Deal directly with the Loan Officer/Underwriter
  • Flexible draw schedules
  • Interest only payments with flexible payment options
  • Loans are available to Borrowers with excellent to less than perfect credit

Rates and Fees:

  • Rates: WSJ Prime plus 2.50% to Prime plus 3.50%.  Currently rate floors are in effect, please call for a quote. 
  • Application Fee $295
  • Loan Fee: 1.50% to 2.00% (based on overall qualifications)
  • Broker Fee: 2.00%

1.         Loan Submission Form

2.        Fully Completed and Signed 1003 application

3.        Tri-merge Credit Report for Borrower(s)

4.        Current month pay stubs (for W2 Employee)

5.        2 Years Tax Returns Including all Schedules and W2’s (if applicable)

6.        Asset Verification (2 Months statements for all accounts including checking, savings, 401k, IRA, stocks, other)

7.        Legible copy of a valid drivers license for Borrower(s)

8.        Signed and Accepted Purchase Contract for Land/Lot with proof of deposit or Closing Statement on Land/Lot Purchase

9.        Plans & Specs and Survey Map

10.     Signed and Accepted Broker Fee Agreement

11.     Fully executed Building Contract

12.     Completed Builder Profile



A mortgage broker does not lend money but rather arranges mortgage loans through third party lenders or investors.

Equal Housing Lender


Contact Us

Case Financial Services LLC
107 Whitney Avenue
New Haven, CT 06510