Mortgage First Direct multifamily and
commercial residential and retail property financing
Competitive financing
Superior customer service
Local expertise
With fixed- and adjustable-rate loan programs from $500,000 to $25 million or more, you can expect competitive rates and low fees—alongside hassle-free refinancing.
We offer straightforward financing, certainty of execution and knowledgeable teams, earning customer loyalty—80% of our loan clients have been with us for five or more years.
There’s a reason our loan origninators know the ins and outs of your market: They’ve lived and worked in your community for years.
Resources for Construction Builders & Contractors
We care about making the mortgage lending process as seamless as possible for our customers and business partners — and the construction process is no exception.
Why Work with Mortgage First Direct?
Our construction financing process is as easy for you as it is for your clients. Our construction loan covers the entire cost of the land, construction process, and permanent mortgage financing – and it requires just 5% down. Lot equity may be used.
Mortgage for Construction Financing
Our Single Loan Close Construction Program allows your clients to build their home with as little as 5% down — and lot equity may be used. Other lenders typically require 20-25% down.
One loan can cover the cost of the land, the construction process, and the permanent financing. This is achieved in a single closing, which means no re-qualification or extra paperwork in most cases. Plus, your clients simply pay interest-only payments on the outstanding loan balance during construction.
We work with you to implement a solid timeline to help the client rest easy, and you, the builder, stay on track.
We provide contract approval in 30 days on average.
There’s no need to worry about financing falling through. Although we operate like an independent mortgage banker, we are owned by a bank with billions of dollars in assets, which means we offer the financial security you need to get your job done without a hitch.
Our draw process is flexible for your convenience. Everything is streamlined and automated, and funds are wired directly to your account in 3-5 business days. Plus, you can request draws as needed without having to meet any set completion points.
DAY ONE
Signed request for advance is submitted;
Lien wavier provided; Inspection ordered;
Title company contacted to complete lien search
DAYS THREE - FIVE
Inspection completed & provided to lender;
Lender disburses draw to builder;
Can be wired directly
Days Two - Five
Title search is completed
showing no liens on property
