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Construction
Loans--This is a fixed-rate loan to be used for
the Construction of your custom home on your lot. Funds
are advanced during construction as the home is completed.
•You make monthly interest-only payments only on the amount borrowed during
the construction phase.
•Contact Us for information about rates, loan
amounts, and fees
Single
Close (Construction-to-Permanent) Loans--These
loans combine a construction loan and a permanent mortgage
loan into one product with one closing.
Features are:
•Construction Loan Period which converts to permanent financing upon completion
of the home (some conditions apply)
•Interest rate lock, which guarantees your permanent loan rate
•The loan is closed using one set of documents, which are signed prior to
construction of the home.
•One closing, one set of fees.
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