Spec Home Loans

Home loans refinance loans reverse loans fha and more.

Spec home loans. With construction spending in the us rising to its highest level in nearly 5 years there is a higher demand for new homes which in turn leads to builders looking for quicker more reliable funding than traditional bank lending. If you re new to getting loans for spec projects it s best to start with projects that can be completed quickly to minimize the lender s risk. When you re preparing to move into a new home sometimes the best option is to build the property from the ground up.

We don t charge you any junk fees that other loan companies may. If you re ready to save time and boost your sales a construction spec loan is the loan for you. Spec home construction builders loans.

Grow your sales and save money with our construction spec loan. We are 100 focused on nothing but home construction and home construction financing and bring a unique insider s perspective of the construction lending process to builders developers architects and investors. 1 please be advised specialized loan servicing llc is not a licensed loan broker in all states.

Specialized loan servicing llc is not a lender. Anything you pay with shepherd s finance is going to go straight towards your construction expenses. If you ve found the next spec home you want to work on don t hesitate to start applying for a loan for it.

Plus we don t require title insurance. 75 80 ltc ltv up to 6 million higher with cross collateral 65 70 ltc ltv up to 8 million. Spec home funding 1 home construction loan lender.

A spec home is a house that was constructed by a developer speculatively. Definition of spec home. Ready to purchase apply for a loan now.