New Contsruction Loans



MEAD	TAYLOR	A Comprehensive Mortgage Planning Practice

	FINANCIAL GROUP

The Mead/Taylor Financial Group offers "One-Time-Close" (OTC) Construction Loans for new construction and major renovations/rehabs.

Choose from a variety of mortgage options

It's as easy as 1-2-3! Get started today by calling us at 206-287-5762.

Please be prepared to answer the following questions when you call:
•    Will this be a primary residence or a second home?
•    What is the lot value/cost?
•    How long have you owned it?
•    What is the balance to be paid off at closing?
•    Have you selected a builder?
•    What construction term does the builder require (6, 9, 12, 15 or 18 months)?
•    What is the total project cost (materials, labor, architect, permit, etc. – do not include the land in this number)?
•    Do you have approved plans and permits?
•    What is the future appraised value of the home (subject to completion)?
•    Are you able to document your sources of income?
•    Do you know your credit score? – If not click here and find out.
We will evaluate the loan amount you can qualify for, the cash required for closing, and will contact you to proceed with a complete application.
Once your application has been submitted, we will order the appraisal and collect all required documentation, and complete the loan process.

If you're looking to purchase land on which to build your home check out our Lot Loan / Land Purchase program.