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New Construction Financing

February 2025

New Construction Financing

Written by Pike Creek Mortgage Services, Inc., DE, USA

A small boom crane on top of a stack of gold holding a house

Your dream home can be your reality with a Construction-to-Permanent loan from Virgin Bay Mortgage. Our company has a new construction team consisting of consultants and processors who are experts in this specific field. We provide frequent follow-ups with customers, continual updates to builders and no last-minute surprises.

Loan features include:

  • Primary & secondary homes

  • Can roll in purchase of lot

  • 20% equity required

  • Interest only

  • Maximum 5 draws

  • Maximum term: 9 months from note date

  • Borrower investment: 10% minimum

  • Contingency reserve: 5%

Contact Virgin Bay Mortgage today to speak with an experienced loan officer who can guide you through the process of financing your new construction home. Call 1-340-714-0033 - we look forward to working with you!

Call us today at 1-340-714-0033

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A2-7, Red Hook Quarters, 6100, No. 2 Suite, St. Thomas, 00802

Mon-Fri: 9:00AM - 5:00PM

Sat: By Appointment

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Virgin Bay Mortgage is a DBA of Pike Creek Mortgage Services, Inc. Newark, DE 19711 (NMLS: 130829)

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