NEWORLEANSMORTGAGECOMPANY.COM

New Orleans Mortgage Company – 1st Choice Lending – Your New Orleans Mortgage Broker

Construction / Renovation Loan. We are dedicated to provide you with the best customer service and the lowest rates available. We can provide financing for: Conventional. Whether you need financing for a single family home, 2-4 unit or apartment complex… we can help. We want to make sure that you are fully informed and comfortable with the entire mortgage process. You can find useful information on our resources page.

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1st Choice Lending

Debi Moyal

139 La●●●●●●eek Dr

Man●●●lle , Louisiana, 70471

United States

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1st Choice Lending

Debi Moyal

139 La●●●●●●eek Dr

Man●●●lle , Louisiana, 70471

United States

1.98●●●●0122

dm●●●●@charter.net

View this contact

1st Choice Lending

Debi Moyal

139 La●●●●●●eek Dr

Man●●●lle , Louisiana, 70471

United States

1.98●●●●0122

dm●●●●@charter.net

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New Orleans Mortgage Company – 1st Choice Lending – Your New Orleans Mortgage Broker | neworleansmortgagecompany.com Reviews

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Construction / Renovation Loan. We are dedicated to provide you with the best customer service and the lowest rates available. We can provide financing for: Conventional. Whether you need financing for a single family home, 2-4 unit or apartment complex… we can help. We want to make sure that you are fully informed and comfortable with the entire mortgage process. You can find useful information on our resources page.

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New Orleans Mortgage Company – 1st Choice Lending – Your New Orleans Mortgage Broker | neworleansmortgagecompany.com Reviews

https://neworleansmortgagecompany.com

Construction / Renovation Loan. We are dedicated to provide you with the best customer service and the lowest rates available. We can provide financing for: Conventional. Whether you need financing for a single family home, 2-4 unit or apartment complex… we can help. We want to make sure that you are fully informed and comfortable with the entire mortgage process. You can find useful information on our resources page.

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neworleansmortgagecompany.com

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VA Loan – New Orleans Mortgage Company – 1st Choice Lending

http://neworleansmortgagecompany.com/va-loan

Construction / Renovation Loan. A VA loan is for current and previous military personnel. VA loans are for Primary Residence. Here are the guidelines for a VA mortgage:. Purchase and Rate and Term Refinance Transaction:. Property Type Loan To Value Credit Score. 1 Unit 100% Loan to Value 600 Credit Score. 2 Unit 100% Loan to Value 640 Credit Score. 3-4 Unit 100% Loan to Value 640 Credit Score. 1 Unit 95% Loan to Value 640 Credit Score. 1 Unit 90% Loan to Value 600 Credit Score. 2-4 Units are not eligible.

2

Resources – New Orleans Mortgage Company – 1st Choice Lending

http://neworleansmortgagecompany.com/resources

Construction / Renovation Loan. Http:/ files.consumerfinance.gov/f/201503 cfpb your-home-loan-toolkit-web.pdf. 8211; This booklet will walk you through the mortgage process and give a detailed explanation of mortgage terms. VA Home Loan website. It is full of information for Veterans. http:/ www.benefits.va.gov/homeloans/. Click here for a free mortgage calculator – http:/ www.mortgagecalculator.org/calculators/index.php. Click here to access our mini application.

3

Jumbo Loan – New Orleans Mortgage Company – 1st Choice Lending

http://neworleansmortgagecompany.com/jumbo-loan

Construction / Renovation Loan. A Jumbo loan is any loan with a base amount of $417,001 or above. Here are the guideline for a Primary Residence Purchase or Rate and Term Refinance:. Property Type Loan To Value Max Loan Amount Credit Score. 1 Unit 80% Loan to Value $1 Million Max Loan 720 Credit Score. Condo 75% Loan to Value $1.5 Million Max Loan 720 Credit Score. PUD 70% Loan to Value $1 Million Max Loan 700 Credit Score. Here are the guidelines for a Primary Residence Cash Out Refinance:.

4

Commercial Loan – New Orleans Mortgage Company – 1st Choice Lending

http://neworleansmortgagecompany.com/commercial-loan

Construction / Renovation Loan. A Commercial loan is for any property over 5 units residential and for properties that are used for business purposes. Here are the guidelines for a Commercial loan. Purchase, Rate and Term and Cash Out Refinance Transactions:. Depending on the type of property and it’s location the loan to value is on average 75% up to 90%. Average commercial loan terms are 15-20 years amortized with a 3-5 year balloon.

5

Construction / Renovation Loan – New Orleans Mortgage Company – 1st Choice Lending

http://neworleansmortgagecompany.com/construction-renovation-loan

Construction / Renovation Loan. Construction / Renovation Loan. A Construction/Renovation loan is used for the following purposes:. Construct a new property. Renovate an existing property. Purchase plus renovate a property. These loans are available to builders, contractors and consumers. Depending on the type of property and it’s location the loan to value is usually 100% of the cost, 80% of the appraised value. In some cases a deposit may be required to be held by the financing institution.

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New Orleans Mortgage Company – 1st Choice Lending – Your New Orleans Mortgage Broker

Construction / Renovation Loan. We are dedicated to provide you with the best customer service and the lowest rates available. We can provide financing for: Conventional. Whether you need financing for a single family home, 2-4 unit or apartment complex… we can help. We want to make sure that you are fully informed and comfortable with the entire mortgage process. You can find useful information on our resources page.

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