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Building
your own custom home can be an exciting and enjoyable process. We
can help you with many aspects of
the project. Some of the features of our program include:
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- Progress Inspections. We utilize an inspector
experienced in residential construction to determine
the progress of the construction. These inspections
help us to make decisions about disbursing funds.
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- Voucher Payment Process. Our Voucher payment
system provides for direct payment to subcontractors
and suppliers.
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- Fund Control. Fund Control Services are available
and/or required in some areas.
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- Periodic reporting to general contractors and borrowers
provides details of the loan disbursements that can be
used to reconcile to your records. Year-end reporting
is also provided on transactions requiring 1099 reporting.
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- Interest Reserve may be added
to your loan, which will typically cover the interest
payments during construction.
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