Building a new home or purchasing a home under construction is a big commitment requiring time and money. Fortunately, we offer great solutions for construction loans to help you save both.
The ""One-Time-Closing Construction to Permanent Program"" is approved and closed before construction begins. You'll save time and money with one closing, one set of closing costs and one construction loan.
Construction Permanent loans are available with fixed-rate or adjustable-rate mortgages. Buyers are charged interest on funds as they are drawn to build during construction.
We offer up to 95% construction perm financing with a one-time close down to a 640 credit score. If your score is 640 or higher, having the land equity as well as the extra cash for down payment and/or reserves, it would improve your chances of approval.... more