WSFS Mortgage’s unique Custom Home Mortgage Program allows you to comfortably finance each step of building your own home. Our series of loans are all managed by WSFS Mortgage Associates, providing you with a seamless experience and the opportunity to take advantage of lower rates at different steps in the process.
1. Lot Acquisition Loan
To learn more, please contact us or call 1-888-992-7729.
*Fixed rate lot loan available for a 1-year, 2-year and 3-year term with a balloon payment in month 12, 24 and 36, respectively. Variable rate interest-only lot loan available for a 2-year term with a balloon payment in month 24. Lot Acquisition Loan closing costs include a 1% origination fee, appraisal fee, title insurance, transfer tax, survey fee, percolation test fee and other government recording fees. Other fees may apply. Lot Acquisition Loan 1% origination fee credited to WSFS Construction Loan closing costs.
**WSFS Construction Loan closing costs include a 1% origination fee, underwriting fee, construction project management fee, appraisal fee, draw fees, title insurance, government recording fees and other fees may apply.
^20% borrower contribution required for loan amounts up to $1,000,000. For loan amounts $1,000,001 to $1,500,000, finance up to 75% of “as completed” appraised value with 25% borrower contribution.
^^Lender credit provided when paying off WSFS Construction Loan and lender credit shall pay all lender charges, appraisal, title insurance and government recording fees. No prepayment penalty fees apply for the lot loan, construction loan or permanent mortgage loan. The monthly obligation will be determined by the total loan amount at the time of closing and the term and interest rate of the loan. Borrowers must meet underwriting guidelines and are subject to credit review and approval. Please contact your WSFS Mortgage Loan Officer for more details.