Lenders say the result is that FHA development financing is now not only the most attractive financing available — it offers nonrecourse 40 - year fixed - rate
loans — but is also becoming competitive with conventional lending in terms of
processing time frames and paperwork headaches.
As a direct lender, Montegra has more flexibility in our underwriting
process than banks and other traditional lenders do, allowing us to fund
loans in short
time frames so that investors don't have to worry about missing out on deals while they wait for their
loan application to be approved.