Program advantages include:
- Construction period up to 12 months
- Available for primary and secondary homes
- No prepayment penalties
- Flexible fixed-rate and adjustable-rate options
One-Time Close Loan
All-In-One Financing
This program offers financing for lot purchase, construction, and permanent mortgage funding with one closing. There's no need to re-qualify because the loan is closed before construction begins. Benefits include no payments due during construction.
Two-Time Close Loan
Two Loans, Better Flexibility
This loan consists of the initial construction loan and a long-term mortgage loan. At the start, you're not locked into a fixed loan amount. Benefits include interest-only payments during construction.
Subject to credit approval. Other restrictions may apply. Loan programs may change at any time with or without notice. Not a commitment to lend.