CONSTRUCTION & RENOVATION
FNMA HOMESTYLE
- 3% down for First Time Home Buyers
- Allows the borrower to finance in mortgage payment if house is not habitable
- Allows structural work - new additions, adding square footage, moving walls to change floor plan, adding garage
- PR, SH, & Investment Properties
- Work must be completed within 6 months
- Follows normal PMI requirements
203K FULL / STANDARD
- 3.5% minimum down payment
- Primary residence (1-4 units)
- Allows the borrower to finance in mortgage payment if house is not habitable
- Allows structural work - new additions, adding square footage, moving walls to change floor plan, adding garage
- Work must be completed within 6 months
VA RENOVATION
- 100% financing
- No rate adjuster
- Minor & non-structural work
- Work must be completed within 45 days
- Total renovation cannot exceed $35,000
FNMA HOMESTYLE LIMITED
- Minor & non-structural repairs
- Great for cosmetic work (flooring, painting)
- PR, SH, & Investment properties
- Follow normal PMI requirements
- Total renovation cannot exceed $35,000
203K LIMTED
- Minor & non-structural work
- Great for cosmetic work (flooring, painting)
- Total renovation cannot exceed $35,000
*FHA 203K - Standard/Full & Limited. Ability to use with Good Neighbor Next Door (GNND) Program.
CONSTRUCTION PERM
- 10% down
- One Time Close
- 9-12 month locks available
- Rate cap with float down
- FNMA guidelines apply
- 5% contingency required
- Interest reserve required
- 3 months reserves required
BluPrint's Builder Portal
- Set up accounts for one or more builder contacts to access the entire (or subset) of the builder's loan pipeline
- Real-time data access from any browser
- Access to dashboards of different home statuses/buyer statuses
- Specific transaction details and built-in amortization calculator with real loan details
GROW YOUR BUILDER BUSINESS.