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Construction Loans


Construction Loans


FDM Construction Perm Loans


Are you looking to build your dream home?  FDM provides One-Time Close Construction Perm loans up to $3,000,000.00.  With the FDM Construction Perm Program you can build your home on your own lot or purchase a new lot and build your new home with one loan.  The FDM Construction Perm Program goes up to a 90% Loan To Value and you can lock your interest rate up to 18 months while your new home is being built.
The FDM understands the entire construction process from getting the Building Permit through home completion developing our program to solve the unique challenges associated with building a custom home. The FDM Construction Perm Program is the perfect program if you are building that perfect custom home.


Fannie Mae Construction Loan:

 

  • One-Time Close.

  • 30 and 15-Year fixed rate programs.

  • Permanent rate lock float down available.

  • Loan amounts up $1,089,000.00.

  • Primary Residence up to 90% Loan-to-Value.

  • Second Homes up to 90% Loan-to-Value.

  • Interest only payment during construction.

  • Soft costs may be financed.

  • Up to 10% advance available for the payment of permit and impact fees.

  • Simple draw request and payment process.

  • Construction period up to 12-Months.
     

Jumbo Construction Perm Program:

 

  • One-Time Close.

  • Fixed Rate and Arm Programs Available.

  • Loan amounts Up to $3,000,000.00.

  • Primary Residence up to 85% Loan-to-Value

  • Second Homes up to 80% Loan-to-Value.

  • Interest only payment during construction.

  • Soft costs may be financed.

  • Up to 10% advance available for the payment of permit and impact fees.

  • Simple draw request and payment process.

  • Construction period up to 18-Months.

 

 


The above description is very basic and does not cover all the details.  Every loan product has fine nuances, exceptions, exclusions and inclusions. To find out which loan product fits you best you should consult a Morgage Loan professional for tailoring your loan to your needs and your situation.  FDM is qualified for all these loan products and more, including grants and other unique products.

We would be honored if you pick us to be your Lender. 
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NMLS     |     FAIR LENDER     |     FAIR HOUSING   |   CAREERS

Copyright © 2019 Fidelity Direct Mortgage LLC

Fidelity Direct Mortgage LLC NMLS #188829
NMLS#: 188829  |  http://www.nmlsconsumeraccess.org
DE License 020884 | DC License MLB188829 | FL License MLD1397 | MD License 188829 | Licensed by NJ Dept. of Banking | PA License 52469 | VA License MC-3879 | WV Broker License MB-35882 | WV Lender License ML-35797 | Licensed by the Virginia State Corporation Commission | NC License L-189983 | SC License MLS - 188829

No FDM Borrower Left Behind!

 

555 Quince Orchard Road, Gaithersburg, MD 20878

Direct:  (301) 869-6000 | (866) 527-8052  |  contact@fdmhome.com

NMLS     |     FAIR LENDER     |     FAIR HOUSING   |   CAREERS

Copyright © 2019 Fidelity Direct Mortgage LLC

Fidelity Direct Mortgage LLC NMLS #188829
NMLS#: 188829  |  http://www.nmlsconsumeraccess.org
DE License 020884 | DC License MLB188829 | FL License MLD1397 | MD License 188829 | Licensed by NJ Dept. of Banking | PA License 52469 | VA License MC-3879 | WV Broker License MB-35882 | WV Lender License ML-35797 | Licensed by the Virginia State Corporation Commission | NC License L-189983 | SC License MLS - 188829