Homeowner Programs

Lot Loans

If you are not ready to build yet, consider a lot loan to purchase the lot of your dreams...

Standard Lot Loan -- A fixed rate or variable rate lot loan to be used to purchase a residential lot for eventual construction of an owner-occupied dwelling.

• Fixed interest rate (based on CB&T Prime plus a margin)
• Variable interest rate (based on CB&T Prime plus a margin)
• Minimal Fees
• Monthly Interest-only payments due for the Loan Term; principal and accrued interest due at maturity.
• A portion of your Lot Loan Fee can be credited toward a CB&T Construction Loan Fee
• Financing is available for up to 70% of your purchase price or the appraised value, whichever is less. 30% cash down payment required.

Construction Loans top

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. Competitive Variable Rates for loans of 12 months or less are available, based on CB&T Prime plus a margin.

• 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 top

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

   
Copyright © 1998 - 2006 California Bank & Trust -