Construction Loans

Owner-Builder Construction Loans Available

Combined Construction and Permanent Loan

This is a one-time loan program to finance the construction and permanent loan. This means that the customer signs only one set of loan documents and does not have to worry about re-qualifying, re-appraisals, additional closing costs or signing additional loan documents. You can lock the permanent loan rate at closing and have up to twelve months to complete construction. During the construction period, interest is only charged on the funds that have been disbursed. There are interest only payments during construction. When the home is completed, the permanent loan period begins.

These are the Features of the 1-Time Close:

Only 1 closing & 1 application.

LOCK your interest rate at time of closing.

Construction loan interest rate SAME as permanent.

Up to 12 months to complete the construction of the home.

Construction inspections made by state approved appraisers.

As many as 6 construction draws.

Lot equity equals cash.

Also Available for Construction Loans:

2 Time Close (construction/permanent) conventional

VA Construction • VA Permanent