as well as the areas that qualify for USDA loans. Offers home equity loans and home equity lines of credit. Full line of conventional and government loan products. Considers alternative credit data,
Spec Construction Loans A SPEC construction loan is an interim construction loan only, and not the permanent financing because the exit strategy is to sell the property. "SPEC" here is short for "speculating", because the builder or investor is speculating that they can sell the property at a profit.