Learn more about construction loans by using these links:
Highlights of our Construction Loan Programs:
- Fixed and Adjustable Rate programs available
- One closing – One set of closing cost
- Smaller down payment options available
- Interest only payments during construction term, based on the amount drawn towards completion
- Qualified borrowers may be eligible to decrease the interest rate on their loan if rates are lower upon completion of the home
- Flexible loan modification options allow you to modify your loan amount down if you don’t need to borrow the entire loan amount (Helpful for clients who have a home to sell once their new home is completed or for those who come in under budget).
Other resources from Dan on Construction Loans: