Construction Loan Maryland
Maryland's demand for high-quality, efficient housing is soaring. We provide specialized modular home financing in Maryland to help you build faster and smarter.
What is a Construction-to-Permanent Loan?
If you are looking for a construction to permanent loan in Maryland, you are in the right place. A construction-to-permanent loan combines your short-term construction financing and your long-term mortgage into one single loan. Instead of closing twice and paying two sets of closing costs, you only close once. During the build, you make interest-only payments, and once your modular home is finished, the loan automatically converts into a standard 15 or 30-year permanent mortgage.
Qualification Guidelines
- 680-699 FICO80% LTV / 43% DTI max
- 700-719 FICO90% LTV / 45% DTI max
- 720+ FICO95% LTV / 45% DTI max
Maryland Headquarters
Navigating the complexities of a new build in Maryland requires a local lender who understands the market. Lower Mortgage is proudly headquartered right here in Maryland at:
Columbia, MD 21044
Program Features:
- Fannie Mae Conventional & FHA Eligible
- Predictable 12-Month Build Time
Or call Marco Garofalo: 856-223-7958
Ready to Build in Maryland?
Get connected with Marco Garofalo at our Maryland construction lending team to start your journey. Call 856-223-7958.
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