Jumbo One-Close Construction
Skip the principal payment until you finish building
The Jumbo One-Close Construction program allows for interest-only payments during construction period. Once the home is built, the loan will convert into fully amortized principal and interest payments.
- Teardowns and major renovations eligible
- Construction terms include 12, 18 and 24 months
- Maximum loan size up to $3,000,000* on primary residence
- $2,500,000 on second homes
Do you qualify?
- Minimum 720 credit score required
- DTI 40%
Contact me today for all your home financing questions!
*Maximum loan amount will vary based on LTV and credit score. Restrictions may apply. Contact Guaranteed Rate for more information.
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.