Features:

Available for new construction or major remodel jobs
One interest rate for both Construction and Ownership
One set of paperwork and closing costs
Property must be owner occupied upon completion
Construction periods available: 6, 9, or 12 months
Maximum loan value 90% of cost
Loan amounts from less than $100,000 to $3,000,000
30 and 15 year fixed payment loans available
Adjustable loans with interest (and payments) fixed for 3, 5 or 7 years available
Call one of our loan officers to discuss your situation and find the best program for you and your needs - and get a free pre-qualification.

Construction

Cost = $250,000
10% Owners equity in land = $25,000
7.5% interest (7.708% APR)
30 year fixed loan for $225,000
Principal and Interest payment = $1,573.23