If you are looking to build your dream home or purchase and improve your new or existing home. We can work with many mortgage lenders to help you get the mortgage you require:
DETAILS:
- Owner Occupied Only
- Purchase from a Residential Home Builder - maximum 2 units (duplex with 1 unit occupied as principal residence), single family or semi-detached.
- Purchased from a Contractor - maximum 1 unit occupied as pricipal residence, single family or semi-detached
- Self-built Home
- Up to 4 construction draws/advances
- Leased land is ineligable
- Condo/Strata Properties are ineligable
- Builder/Contractor and property MUST be registered under the New Home Warranty Program
- Conventional and high ratio:
- Renovations or improvements of existing home where there are structural changes or costs exceed the lesser of
> 10% of current value or $25,000, if conventional
> 10% of 'as improved' value or $10,000, if insured
NOTE: Purchase from a Contractor occurs when an individual who either owns their land and/or purchases the land, hires a General Contractor and builds their home through that General Contractor. A Sef-build home occurs when an individual, who either owns their land and/or purchases the land, acts as their own General Contractor and hires qualified, licensed trade persons to build their home.
Just fill out the below details and click submit, we will get back to you shortly with more information on construction mortgages and if it is right for you.