Here you will find the Loan to Values that may be financed, for 1-4 devices:
| Documented money | Stated Income | No Income Docs |
|---|---|---|
| 90% to $ 400,000 | 80percent to $ 400,000 | 65percent to $ 400,000 |
| 80percent to $ 650,000 | 75per cent to $ 650,000 | 60percent to $ 650,000 |
| 70per cent to $3,000,000 | 65percent to $3,000,000 | 50percent to $1,000,000 |
Example Loan Amount Calculation
The next is a normal calculation; your loan provider might have a somewhat various approach centered on their directions.
| Exemplory case of a Construction Loan Amount Calculation | ||
|---|---|---|
| Land price | $100,000 | or value if owned over per year |
| Soft Cost of Construction | $ 25,000 | plans, licenses, etc. |