2X CLOSING ON FINANCING FOR INVESTMENT PROPERTIES
Our 2x Construction Loan is a two-phase financing solution that separates the construction and permanent loan processes.
This structure offers greater flexibility, allowing borrowers to adjust terms or requalify for improved pricing once construction is complete.
It’s a smart option for those who want more control over their long-term financing, especially in a changing rate environment or when future financial improvements are expected.
Key Benefits
- Flexible Financing: Interest-only payments during construction
- Loan Amounts: Up to conforming loan limits
- Credit Score Requirements: 720+
- Loan-to-Value (LTV): Up to 70% for investment properties
- Flexible Loan Terms: Based on project cost
- Eligible Property Types: 1-unit Single Family or PUD
- No Mortgage Insurance Required
Contact me today to learn more and get pre-qualified!
Kaye Jones
Mortgage Senior Loan Officer
NMLS# 94785
Cell: 252-256-1333
[email protected]
Content provided by TowneBank Mortgage for informational purposes only. The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice. This is not a commitment to lend. TowneBank Mortgage NMLS# # 512138. Equal Housing Lender