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Building A New Home Or Renovating An Existing Home? Construction finance is a specialized field. To better serve your needs, we assign you an expert consultant from the moment you apply. He/She will work with you from the very beginning until funding day, making the process smooth and seamless. We offer programs from lot purchases to lot-permanent construction loans. We have many lenders that we can utilize Construction-to-Permanent Loans as an attractive home construction loan that actually does the work of two loans. When your home construction is complete; your loan becomes your permanent mortgage.
Here’s Some of the Benefits
- No payments during construction (1)
- Powerful “One Time Close” program provides construction financing, Lot Purchase and Permanent loan, all wrapped in one. Why worry about re-qualifying, re-appraisals or incur additional closing costs?
- A variety of fixed and adjustable rate mortgage options to choose from
- 24/7 online access to your construction budget
- Lot loans and major rehab financing available
- 6,9,12,15,18,21 and 24 month terms
- Lot loans- short term financing for a residential
lot that will be built on within the next 2 years
- Investor lot loans are subject to lender availability at time of purchase/refinance
(1) An interest reserve is established as part of your construction loan. Payments by you are not necessary unless your interest reserve is depleted. You have the option to make interest reserve payments as they become due.
(2) Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. It is important to know that with adjustable rate mortgages, your payment and rate may increase significantly over time. If there is a prepayment penalty, there should be some benefit in terms of rate or fees in exchange for the substantial cost if the loan is paid off before the penalty term expires.
Any Questions? Please contact us.
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