Builder Model Spec.Home

This program is designed to provide a business loan to a Builder for the construction of a model or spec home. Case Financial may be able to provide a permanent loan for your buyer.

Case Financial Services LLC Advantage:

  • Fast pre-qualification, typically within 3 to 5 business days
  • Deal directly with the Loan Officer/Underwriter
  • Loans are available to Builders with excellent to less than perfect credit
  • Flexible draw schedules on our construction loans
  • 1 to 4 family properties are eligible
  • Land purchase may be included in the construction loan, up to 65% of the lot purchase price
  • Loan amounts up to 45% of the appraised value (max of 45% above $600,000). LTV reductions may apply based on loan amount, FICO less than 720, full doc vs. limited, reserves, builders years of experience and final underwriting
  • 12 month term (18 month term available on an exception basis)
  • Interest only payments based on funds drawn
  • Flexible Payment Options (no payments or with monthly)
  • Up to Five Draws for funds
  • Full income documentation, self-employed, limited income and stated income programs
  • Loan amounts from $75,000 to $2,000,000 on our construction loans

Rates and Fees:

  • Rates: WSJ Prime plus 3.50% to Prime plus 4.50%.  Currently rate floors are in effect, please call for a quote. 
  • Application Fee: $450
  • Loan Fee: 2.00% to 2.50% (based on overall qualifications)
  • Broker Fee: 2.00%
  • Inspection Draw fees $250 to $350

Documents required for a full application package. Submit by Email, USPS or Overnight Mail Only:

  1. Loan Submission Form
  2. Fully Completed and Signed 1003 application or fully complete and signed Personal Financial Statement
  3. Tri-merge Credit Report for Borrower(s)
  4. Current month pay stubs if a 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. Construction Cost Breakdown or signed and accepted Building Contract if hiring a Builder
  9. Signed and Accepted Purchase Contract for Land/Lot or Closing Statement on Land/Lot Purchase
  10. Survey map, Plans and specifications, Builder Profile (Investor Form)
  11. Verification of all down payments on the lot or deposits paid to the Builder (if applicable)
  12. Signed and accepted Broker Fee Agreement

Investor will order all appraisals. The appraisal fee must be paid in advance.


Steven L. Katz




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