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Easy Online Application! |
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Save
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| Construction
to Perm Loan
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| The
construction-to-perm loan provides the borrower an
opportunity to purchase the land or lot, fund the
construction of their personal single family home with
either a "Prime + 1" or "One Year Arm"
construction product, and then modify from the
construction phase to a permanent product all with one
closing. The "Prime Rate" based construction
loan charges the borrower interest-only payments, based on
funds disbursed, at an interest rate equal to
"Prime" as established from time to time as
shown in the Wall Street Journal plus 1%. This is known as
the construction interest rate. Upon completion of the
construction of the home, the borrower(s) will modify
their initial closing documents to their selected
permanent mortgage. |
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A Fixed Rate Mortgage |
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Find The Right Loan! |
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Excellent
Programs For Refinance, Second Mortgages, Debt
Consolidation, Home Equity And Home Improvement Loans.
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