Satbir Bhullar caters to all kinds of construction companies offering unique builder financing programs to meet all your needs. Whether you are a large scale builder constructing hundreds of homes a year, or a home builder specializing in customized construction, or a small builder just starting out, my construction loans in Abbotsford are well designed to suit your requirements.
Construction Loans
Construct A Dream Property
My loan services are not just limited to construction services, but also include purchaser mortgages, draw mortgages, inspections and much more. With a simple and straightforward process, I get your construction loan approved in the shortest time possible.
Construction-only loan
Owner-builder loan
Renovation loan
Eligibility Requirements For A Construction Loan
Eligibility requirements to apply and get approved for a construction loan vary from lender to lender, and you may be asked to show:
Credit Status: A healthy credit score is beneficial, but even low score can work.
Sufficient Income/Cashflow: Enough funds to cover fees and interest payments until the construction loan are repaid.
Cash Deposit: Show that you have funds to pay the deposit, i.e.25% more of the project cost.
Exit Strategy: Lenders may ask for your pre-approval letter to find out how will you payback the construction loan.
Ready To Get Started With A Mortgage Application?
Talk to our Abbotsford mortgage consultant for any enquiries or help with filing a mortgage application.
What Our Clients Are Saying
Get Your Construction Loan Approved With Us
I offer financing to the builder on both pre-sold and speculative basis. And to add to that, no front end fees or back end fees is charged. Also, even cancellation fee is waived off in a few mortgage plans. I also offer competitive construction rates and flexible draw schedules.
With draw mortgage plans available, you’ll receive funds as your building construction phase proceeds. The advances available at each construction stage includes:
Lock-up – 35% to 55% complete
Drywall – approximately 75% complete
Completion – 100% complete
The draw amount details may be available with approval. Apply for construction mortgage with me and get the funding you need to bring a dream property to life.
Check Out How Much You Can Afford!
Use Our Free Mortgage Calculator To Estimate Your Monthly Mortgage Payments.
Why Choose Us For Construction Mortgage?
I know that builders and homeowners may need funding to meet short-term obligations, this is why, I provide short-term construction mortgages that are quick, simple, and affordable. Once you get approved, receive quick funding by applying online or in-office.
I support you from beginning to end and assist with the legalities and other requirements for a construction loans. My loan application process is clear, easy to follow, and error-free with a 3-step approach:
Submit a loan application
Choose from over 30 lenders
Obtain funding upon approval
Fill out the simple application form today if you’re looking for a fast and simple way to receive a construction loan.