Cardinal Financial for Builders

Real talk: Our job wouldn’t exist without you. That’s why we’ve cultivated One-Time Close Construction loans, an innovative builder offerings to help you simplify your process and scale your business.

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The Cardinal Difference

We know you’ve got options when it comes to choosing your preferred lending partner. So, why us? From our tech to our people to our innovative products, our tagline is Mortgage lending done right™. That means a great experience for you and the homeowners you work with.

  • Dedicated Construction teams
  • No outsourced draws
  • Include land in the financing or build on a lot you already own
  • Automated loan status updates
  • Fully underwritten approval prior to contract
  • Strong local partnerships
  • Flexible terms and products for your buyers
  • Increased exposure through neighborhood events
  • Additional co-marketing support

Builder Programs

Whether you’re looking to simplify your process, scale your business, or both, our programs are designed to help.

One-Time Close Construction Loans

One-time close loans are built to streamline the entire construction and mortgage process for new home builds. With one-time close, your buyers enjoy the convenience of just one set of closing costs for land, materials, and labor. Plus, we never outsource draws.

Flexible Qualification by Design

  • Credit scores as low as 550
  • Up to 96.5% financing is available for some buyers
  • 100% financing available for VA loans
  • Generally, no re-qualification required once the buyer is approved
  • No property value recertification required for FHA and VA products

Products with Purpose

ProductMinimum Credit ScoreLoan TypeMinimum Down PaymentHome Type/PurposeLoan TermRate Type
Conventional580Purchase & Refinance3%Primary residence, second home, and investment property10, 15, 20, 25, or 30 yearsFixed & ARM
FHA550
Req 10% down		Purchase & Refinance3.5%
Min 580 score		Primary residence10, 15, 20, 25, or 30 yearsFixed or ARM
USDA580Purchase & Refinance0%Primary residence30 yearsFixed
VA550Purchase & Refinance0%Primary residence10, 15, 20, 25, or 30 yearsFixed
Conventional One-Time Close700Purchase5%Primary residence, second home, and investment property15 or 30 yearsFixed
FHA One-Time Close580Purchase3.5%Primary residence15 or 30 yearsFixed
VA One-Time Close580Purchase0%Primary residence15 or 30 yearsFixed
ProductMinimum Credit ScoreLoan TypeMinimum Down PaymentHome Type/PurposeLoan TermRate Type

Property Types for All

To help you reach more customers, Cardinal Financial proudly offers financing for a wide range of property types.

Modular Homes

Modern and flexible, modular homes blend the speed of prefab construction with customizable design options.

Container Homes

Eco-friendly and innovative, container homes offer a unique, customizable living space with a reduced ecological footprint.

Tiny Homes

Tiny homes are a haven of simplicity and efficiency, perfect for a minimalist lifestyle or a quaint, cozy retreat.

Manufactured Homes

Affordable and quality-focused, manufactured homes provide comfortable living with efficient, factory-built construction.

Condos

Experience luxury and convenience with a condominium, featuring top amenities and prime urban locations for a maintenance-free lifestyle.

Barndominiums

Combining rustic charm with modern living, barndominiums offer spacious, versatile homes in serene rural settings.

Our Builder Process

  • Make interest-only payments during the construction phase
  • Options to have no payments due from buyer during construction
  • Single close reduces total closing costs
  • Commissions paid in full at closing (prior to construction commencing) at the builder’s discretion

Meet the Team

Our experts are here to help you make the most of our builder programs.

Cherylyn Hynes

Producing Branch Manager | NMLS #8691
P: 631.495.6331
E: [email protected]
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Joe DeLuca

Producing Branch Manager | NMLS #756252
P: 631.334.5475
E: [email protected]
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All Powered by Octane

Built to serve. Engineered to scale.

Octane is our custom-built loan technology that facilitates the most predictable mortgage experience possible, giving users like you more control over your business.

  • Live loan updates
  • Piecemeal conditions
  • 24/7 access
  • Instant conditions
  • Activity records
  • Faster full underwriting approval

Frequently Asked Questions

You asked, we answered.

Does Cardinal Financial outsource draws?

No.

How long does the process take?

Depending on the builder, we can accommodate 4, 6, 9, and 12-month builds.

Is the builder’s credit pulled?

No.

What documents are required?

W-9, copy of General Liability Insurance Policy, builder questionnaire, copy of general contractor’s license