Pa home improvement loan for low income family

SELECTED CONSTRUCTION LENDERS

MWB's ongoing listing of construction lenders includes lenders for commercial and residential construction projects. Construction loans typically cover the building or renovation of a structure only, unless otherwise noted. Such loans may run for about three years or less. Construction funds are usually high cost-typically 12% interest or more.

Construction lenders are often more eager to provide a loan if the prospective borrower already owns the land on which the construction will be done. Interim financing may be useful in buying the land and then getting the desired construction financing.

JARED CAMPBELL MORTGAGE

2746 US 1 South

St. Augustine, FL 32086,

Tel: 866-841-9455

E-mail: jared@jaredcampbell.net

Web site: http://jaredcampbell.net

Jared Campbell Mortgage is a subsidiary of Campbell Financial Services LLC and provides commercial and residential real estate loans throughout the United States and internationally, with focus in the state of FL. Products include construction and permanent loans.

Application Information: Available from the company by request and from the Web site:

http://jaredcampbell.net/contactus.html

JOHNSON MORTGAGE SERVICES INC

9801 Montgomery Road

Cincinnati, OH 45242

Tel: 513-793-5000

Fax: 513-793-9329

Web site: http://www.johnsonmortgage.net

Johnson Mortgage is a mortgage lender specializing in financial services for evangelical churches, religious organizations, and other Christian or church-sponsored projects. Provides financing for all types of church real estate projects. Operates nationwide.

Financing available for construction and permanent loans; remodeling and expansion; purchase of existing facilities; refinance of existing facilities; equipment and equipment leases; church schools; nursing facilities; denomination headquarters; state and regional offices; campground and recreational land; gymnasium and athletic facilities; etc.

Loan Programs: 1-, 3-, and 5-year adjustable rate mortgages (conventional loans); some fixed-rate loans available. Special financing through Tax Exempt and Taxable Note Programs for qualifying churches. Terms are 5, 10, 15, 20 and sometimes 25-30 years. There is generally no prepayment penalty.

First Mortgage Church Loan Requirements: minimum loan is $500,000 in most states; maximum loan is 2.25 to 2.75 times gross revenues. (Example $250,000 gross annual revenues would qualify for $562,000 to $687,000 loan.) Maximum Monthly Payment: one week's average contribution and/or not to exceed 33% of gross income per year. This is for principal and interest payment. Revenues should be increasing for past 3 years. Church should be able to show attendance growth over past 3 years.

Financing is accomplished through the issuance of Floating Rate Notes (capital bonds), secured by a Bank Letter of Credit. The Note proceeds are then loaned to participating churches on a pass-through basis enabling the church to borrow in the capital fund market at below bank conventional commercial loan rates. Interest rate caps are available to the church to cap the rate. The loan amortization can be up to 30 years and the term as long as the letter of credit is issued.

Application Information: Available from the company by request and from the Web site:

http://www.johnsonmortgage.net

KEY COMMERCIAL REAL ESTATE

127 Public Square

Cleveland, OH 44114

Tel: 800-539-2968 or 216-813-7001

Fax: 214-373-9606

E-mail: clark_b_jones@keybank.com

Web site: http://www.key.com

Cleveland-based KeyCorp (parent company of Key Commercial Real Estate and KeyBank Real Estate Capital) is one of the nation's largest bank-based financial services companies, with assets of approximately $84 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.

Key Commercial Real Estate offers construction loan clients permanent loans, securitization, refinancing and other after-market alternative financing for post-construction projects.

Construction Finance:

* Secured construction facilities - available for multiple projects

* Borrowing-base credit facilities - offered to production builders

* Revolving credit facilities - provided for multi-phased projects

* Syndicated Finance - ability to underwrite and syndicate large transactions

* Derivatives - provide interest rate swaps, caps, collars, floors and others

Local/Regional Commercial Developers and Owner-Investors: financing for companies with borrowing needs of $3 million to $30 million. Preferred property types include: multifamily, retail, office and industrial.

* Construction and Interim: provides construction loans, lines of credit, land acquisition and development loans, bridge and gap financing

* Permanent Mortgage: offers Securitized Loans (CMBS), Agency (Fannie Mae DUS, Freddie Mac, and FHA/HUD), and institutional placements

* Local/Regional Residential Home Builders: financing for home builders who develop homes or condominiums with borrowing needs of $3 million to $30 million.

* Healthcare: Financing for senior housing companies and hospitals/alternate care facilities with borrowing needs of at least $3 million.

Application Information: Available from the company by request and from the Web site: http://www.key.com/templates/t-eform.jhtml?nodelD=A-10.4

LEAGUE SAVINGS & MORTGAGE COMPANY

6074 Lady Hammond Road, 3rd Floor

P.O. Box 8900

Halifax, Nova Scotia CANADA B3K 5M5

Tel: 902-453-4220 or 800-668-2879

Fax: 902-454-3116

E-mail: lsmhalifax@lsm.ca

Web site: http://www.lsm.ca

League Savings & Mortgage is a credit union providing residential mortgages across the Atlantic Provinces of Canada. Mortgages are available for buying, renovating, or building a home. The credit union is owned by Credit Union Central of Nova Scotia.

Loan programs and features include: mortgage existing properties, new construction and home renovations; competitive interest rates; various payment frequency options; pre-authorized payment taken out automatically from an account of your choice; life and disability insurance policies; long and short term renewal options; property taxes paid with mortgage payments; conventional and high ratio mortgages are available; home equity mortgages; cash back. Terms from 6 months to 5 years are available.

Application Information: Available from the company by request and from the Web site:

http://www.lsm.ca/Contacts/contact_us.html

LINCOLN CAPITAL MORTGAGE

200 S. Wacker Drive, Suite 2100

Chicago, IL 60606

Tel: 312-559-2880

Web site: http://www.lincap.com

Lincoln Capital provides commercial mortgage financing and offers non-recourse financing (with standard carve-outs) for commercial real estate properties. The company's principal loan programs do not require personal liability. Provides funding for A, B, and C rated loans. Fixed or variable rates are available for long-term and bridge financing.

Application Information: Available from the company by calling 312-559-2880.

LOS PADRES BANK

610 Alamo Pintado Road

Solvang, CA 93463

Tel: 805-688-6644

Fax: 805-688-4959

E-mail: info@lospadresbank.com

Web site: http://www.lospadresbank.com

Los Padres Bank describes itself as a "market leader in construction lending" for single-family homes, multifamily (five or more units), apartments, commercial and industrial properties, retail or office buildings, and housing subdivisions in Ventura, Santa Barbara, and San Luis Obispo counties, CA. Branches in AZ and KS.

Loan programs include a simple short-term construction loan and a two-in-one construction-to-permanent loan. The One-Year Construction Loan has fixed or adjustable interest rate and low points. Single-family homes can refinance to a zero point fixed-rate loan, owner builder, spec homes.

Features include: no minimum loan amount, combination construction/permanent loan may save hundreds of dollars by eliminating double loan costs, fixed and adjustable rates.

Application Information: Available from the company by request and by e-mailing:

info@lospadresbank.com

M&T MORTGAGE CORPORATION

2270 Erin Court

Lancaster, PA 17601

Tel: 877-687-9708

Fax: 717-391-8096

E-mail: http://info.mandtbank.com/personal/ mortgage/contact/contactme.asp

Web site: http://wvsw.mandtbank.com/personal/ mortgage/

M&T Mortgage, a subsidiary of M&T Bank Corporation, specializes in residential construction loans for new homes and renovations. The bank's Custom Home Division operates in 46 states.

Loan types include:

* Construction Loans: combine a loan for financing the purchase of land and the construction of a new home (includes building a new home on a lot already owned).

* Construction-to-Permanent Mortgages: combine financing for the purchase of land and construction of a new home with a permanent mortgage.

* Renovation Mortgages: combine purchase and home improvement financing, for an existing home in one step.

Application Information: Available from the company by request and from the Web site:

http://www.hsh.com/construction/mt_mortgage-con.html