Intercap Lending is adding construction loans to their suite of residential mortgage programs, catering to those who want a simpler two-close new construction option. With loan limits up to $3M, homebuyers can qualify for a new construction loan that manages the build costs and then moves them into a traditional long-term mortgage.
The inclusion of construction loans in Intercap’s portfolio opens a realm of possibilities for individuals and families looking to build. Whether envisioning a cozy single-family home, a stylish condominium, a tranquil rural retreat, or even a charming log cabin, Intercap’s financing solutions are tailored to accommodate various property types and construction preferences (see below for restrictions).
To qualify or to learn more about Intercap’s construction loans, please contact an Intercap loan officer today. With competitive loan amounts, flexible terms, and a commitment to exceptional service, Intercap stands ready to partner with you on your homebuilding journey.
New Construction Loan Amounts up to $3,000,000*
ELIGIBLE CONSTRUCTION TYPES:
- Stick/site built
- Modular Homes
ELIGIBLE PROPERTY TYPES:
- Single Family
- Site Condo (detached SFR in condo regime)
- Rural properties (case by case)
- Log Homes (case by case)
INELIGIBLE CONSTRUCTION TYPES:
- Manufactured homes
- Unique property types (Earth/berm homes, Geodesic domes, etc.)
- Condo other than site condo
- 2-4 units
- Any property considered an over-improvement
*Additional terms and conditions apply. Not all borrowers will qualify.
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