The following is a partial list of programs offered by Blackstar Mortgage LLC with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 832-767-9375.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Blackstar’s One-Time Close Construction Loan offers a wide range of benefits for the First Time Home buyer/builder. As an FHA or VA base loan type, our One-Time Close Loans have extremely easy qualifications, (easier than conventional construction loans) for several reasons:
1. We find the best Lender for your financial profile.
2. It is a SINGLE CLOSING, no requalifying.
3. Your Interest Rate is LOCKED from day one.
4. The Down Payment may be covered by the value of your land.
5. ZERO Down Payment for a VA Loan.
6. The Draw Schedule is Flexible.
7. Frequent Inspections to insure that the project is on time and on budget.
8. NO PAYMENTD ARE DUE UNTIL CONSTRUCTION IS COMPLETE AND YOU MOVE IN!
9. There is zero interest accrued during the construction period.
10. And MOST IMPORTANTLY, you will have a Custom Home built for your needs!
Construction loans are used to finance the construction of a new structure. Whether you’re interested in building a brand new home for you and your family or you’re looking to construct a commercial property we can help craft a terrific lending solution. Each loan is as unique as the property you’re looking to construct.
We look forward to your questions about construction loans. Please call us to find out more.