No Money Down
Construction Loans
 

Consolidated Mortgage Corp. (CMC) did not renew it's mortgage lenders license and has closed it's offices.   Products listed are usually no longer available. 

Burton Jamison is licensed by the State of Maryland as a Loan Originator (Maryland only) through Compass Point Mortgage Corporation.   Call Burton for product availability at 410-643-0222.

ConstructionPermLoan.com

For Properties In States Other Than Maryland, please go to LowRateMortgages.com home page!

For Help With Late Mortgages - LoanModster.com - Do It Yourself Loan Modification Guides.

Fannie Mae DU Refi Plus Easy Refinancing Page in all 50 states and D.C.

President Obama's Making Home Affordable Loan Program

USALowRates.com & Listing of Mortgage Related Domain Names For Sale

Fuzzy Floozy Koozies available!  Click Here

Web Site Design - American Web Page Design

CMC is now operating as an advertising service/ lead generator.


 


On Line Pre-Qualification

Borrower does NOT need to own the lot (as with standard construction / perm programs) or own the home (standard rehab programs).  We will use final appraised value per plans and specs.  Under some circumstances, you may complete the transaction with little or NO MONEY DOWN... 
We may even be able to include closing costs!!!
PROGRAM CHANGE PLEASE CALL OUR OFFICE!
410-643-0222

Construction
Purchase / Rehab
Price of Lot $50,000
Price of Home $140,000
Cost to Build $100,000
Closing (Est) $7,500
Cost of Rehab $90,000
Closing (Est) $10,000
TOTAL $157,500
TOTAL $240,000
Appraisal $175,000
Appraisal $266,000
LTV @ 90% $157,500
LTV @ 90% $240,000
NO MONEY DOWN!!!
NO MONEY DOWN!!!
NO CASH NEEDED
AT CLOSING!!!
NO CASH NEEDED
AT CLOSING!!!
OK, ...so maybe the property doesn't always appraise that much higher. Remember, for each $1,000 in over appraisal, it is  $900 less cash required (90 LTV) at closing...

Program subject to change without notice,
Please email for more information!
 

Return to Product List/ Program Selection Page
 

For Properties In States Other Than Maryland,
please return to LowRateMortgages.com home page!

Return Home or send e-mail

Use of these web pages signifies that you have read and understand the disclaimer.
Copyright ©1999 Consolidated Mortgage. All Rights Reserved.