Products

Conventional Construction-To-Perm Loan


• True one time close.
• Up to 90% financing.
• Rate locked at closing with a “Float Down” option.
• Interest only payments during construction.
• Available for primary residence and second home.
• No maximum DTI (determined by DU).
• Lending partner paid at time of closing.


Conventional Home Improvement Plus (CHIP)


• Finance a purchase or refinance and the funds to do  repairs and/or improvements.
• Available for primary homes (1-4 units), second  homes and investment(1 unit only) properties.
• Up to 95% financing (primary residence).
• No minimum amount on the repair/improvement  cost.
• DTI up to 45% (43% 2-4 unit properties).


FHA 203(K) Loan


• 203(K) standard and limited program available.
• Available on purchase and refinance transactions.
• Financing up to 96.5% LTV, 100% CLTV.
• $100 down payment loan available for HUD homes.
• Primary residence only.
• Contingency reserve included in financing.
• Mortgage payment reserve allowed.
• Lending partner paid at time of closing.


VA Construction-To-Perm Loan


• True one time close.
• Up to 100% financing.
• Loan amounts up to $650,000 (with downpayment).
• Rate locked at closing with “Float Down” option.
• Interest only payments (must be paid by the builder).
• Available for primary residence only.
• No maximum DTI (determined by LP). Maximum DTI  for loans above $424,100 is 50%.
• Lending partner paid at time of closing.


Veteran Improvement Program (VIP)


• Allows a veteran to purchase or refinance a home  and finance the cost of improvements and/or repairs.
• 100% financing available.
• Minimum amount of repairs/improvements $5,000.
• Maximum amount of repairs/improvements $50,000.
• Available for 1-4 unit properties.
• Underwritten by DU or LP.


Questions? Contact Us!

Account Executives

Doug Vorbeck, Sr. Account Executive 727-710-8313 | dvorbeck@midwestloansolutions.com

Mike Pemberton, Sr. Account Executive 727-992-1959 | mpemberton@midwestloansolutions.com

Nancy Roy, Sr. Account Executive 617-771-7090 | nroy@midwestloansolutions.com