Increase Profits By Expanding Markets and Making It Easier To Do Business
Developers, builders and home improvement contractors should take advantage of Express Home Mortgage's Contractor programs.
Builder and Home Improvement Contractor Services Include...
- Express Home Mortgage Contractor Financing
- Construction to Permanent Financing
- Major Renovation Financing
- Rehabilitation & Acquisition Financing
- Express Home Mortgage End Loans
Home Improvement Contractors - More Business Less Selling
The Express Home Mortgage Contractor Financing Program was created with home improvement contractors in mind. Whether you build decks, pools, additions or the like, our Contractor Financing Program will provide your clients with an economical and easy method in which to pay you for your services. This program is valuable to the contractor because it can open new markets and better develop current markets. It makes selling your projects to your clients much easier. Who would argue that closing on $400 per month is easier than closing on $40,000? Please visit our Contractor Financing Page for more detailed information.
Free Up Valuable Financial Resources
Construction to Permanent Financing will allow you to build homes without using your valuable capital. It allows you to build a home using the clients financing as opposed to your resources. Programs can allow for lot acquisition as well as the cost of building the home. Lenient Documentation Programs are available for more difficult situations, which will lower your fallout rate. For an overview, see our Construction Loan Programs.
Building Lot Not Required
Major Renovation Loans give your client the advantage of financing a project based on the improved home's value. Typically, loans are based on a home's current value. These are important considerations when working with homeowners with little equity in their home. Homeowners can borrow the cost of the home improvement based on the new equity your renovations will provide them. This is an ideal program for people that love their neighborhood but not their house. They can have the home of their dreams without moving from their neighborhood.
The Perfect Deal and No Money? - The Money is Available and Expensive!
Rehabilitation and Acquisition financing are special programs designed to allow individuals to purchase and renovate distressed non-owner occupied properties. The programs are ideal for trades-people because of the rehabilitation resources available to them. Should you come across a distressed property that can be bought and renovated at a cost less than or equal to 70% of it's renovated value, this program can pay big dividends.
The property price and condition must allow for both the cost of buying the property and improving the property to the extent that it can be resold or refinanced quickly. The ideal time frame being six to nine months from acquisition to resale or refinance. You can do all of this with little out of pocket cash. Each project is assessed on it's own unique merits and weaknesses. Contact us with your ideas and we can determine if this program can work for you.
Plain Vanilla
Express Home Mortgage End Loans are for the developer or builder that completes a home using their own capital. When the home has a certificate of occupancy, it is eligible for end loan financing. The majority of Express Home Mortgage's innovative products are available for end loans, including our No Down Payment 100% Financing Options. Your client will enjoy a quick and hassle free loan process and closing. This means you get your money quickly to put back to work quickly. Our ability to work with difficult financing situations increases your marketing opportunities and provides a seamless "safety net" should "A" paper clients run into qualifying difficulties.
Good For Clients and Good For You
Express Home Mortgage can also help trades-people with their own residential financing needs. Many times, circumstances are such that income and assets cannot be easily proven through conventional means. This can impact self-employed individuals negatively when seeking financing for their own personal situations. We offer a vast array of mortgage products designed specifically for these situations. The next time a personal financing need arises, be sure to keep Express Home Mortgage in mind.