A Construction Loan, also known as a residential construction loan, is a mortgage loan that funds the building of a new home or residence. The construction loan is closed for the total loan amount, and the funds are paid out over a period of time as the home or residence is completed.
|Fixed Rate||We offer competitive fixed rates and flexible terms, keeping your monthly payment the same for the life of the loan.|
|Adjustable Rate Mortgage (ARM)||Perfect for those who may be moving within a few years or think interest rates will be going down.|
|Construction/Construction-to-Permanent||Fund the construction of a new home with one of our great construction loan programs.|
|Lot Loans||Designed to provide short-term finacing so you can purchase land on which you intend to build a home.|
Rates, terms, and loan conditions are flexible and competitive. Some restrictions and normal credit standards apply.