Construction Mortgage
Building your dream. If you're planning on building a new home, our Construction Mortgage can help make it happen. You'll pay interest-only on the funds as they are advanced so the transition period between your current home and your dream home is a whole lot easier. Plus, once construction is complete, we have a full array of permanent financing options to fit your needs.
Details
- Interest only payment
- Interest only accrues on the amount that is outstanding each month
- Fixed interest rate
- Interest may be tax deductible*
- General Contractor required
- No prepayment penalty
*Consult you tax advisor for more information
Equal Housing Lender.