Bicoastal Lending Group - Mortgage Loans, Home Loans, Investor Loans, Construction Loans

LOT/LAND LOAN

Found the perfect location to build your dream home
...and now you need the perfect loan?

This is the perfect loan program to finance the purchase of a residential lot for future construction of your 1st or 2nd "dream home." This convenient balloon maturity option allows you two to five years to design your home and to choose a building professional. Programs include a fixed rate 30-year mortgage with a 2-year balloon, and a 30-year adjustable rate mortgage with a 5-year balloon. Interest-only options are available for both programs. Once you have purchased your land, you will have time to design your new home and choose a contractor. Best of all, we will fund your Construction-to-Permanent Loan once you're ready to build.

Down payment requirements vary by program and documentation preferences but land loans will generally require a 20% down payment although one of our lenders is now offering a program with as little as 10% down.

BRIDGE LOAN

Want to access equity in your current home
...as down payment on your dream home?

You can. With our Bridge Loan, you can access equity in your current home to use as the down payment on our Construction-to-Permanent Loan. Then you won't have to wait to sell your old home before building your dream home. Our Bridge Loan program allows you to take advantage of the equity in your current owner occupied residence (which you are selling) to use for the down payment requirements on a Construction-to-Permanent Loan.

REMODELER/REHAB LOAN

Planning a new kitchen, bigger bathroom
...or family room addition?

Our Remodeler Loan is designed for the homeowner who is looking to make a major improvement to their primary residence. This unique second mortgage calculates the value of the home by adding the value of the planned improvement to the home's current value. And we give you immediate access to the construction funds at loan closing. That means more dollars are available to get your home in style.

WASHINGTON • CALIFORNIA • FLORIDA • ARIZONA • GEORGIA • OREGON

BICOASTAL LENDING GROUP • 16628 Tiger Mountain Rd SE • Issaquah, WA 98027
Phone: (425) 432-6148 • Toll Free: (888) 4BICOASTAL • Fax: (800) 419-9014
Email:

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