Construction Loans
From construction loans to the end mortgages, we can help you get the best interest rates in the marketplace. We also provide superior service to insure that you are completely satisfied. Here is a summary of our Construction Financing programs:
Construction Financing Program
- 100% Financing Alternative—Similar to the lot financing choice, we will finance up to 100% of your new construction cost if you pledge assets in addition to the lot/home package. This allows you to keep your cash invested and working for you while the cost to borrow money is still a good deal.
- Standard Alternative—If you elect to invest your cash in the lot at the time of the closing, but do not wish to pledge assets beyond the lot, we will lend you up to 80% of the appraised completion value of the lot/home package.
- Interest Rate—Your interest rate will be driven by the financing option you choose. We assure you that our interest rates are the lowest around. Please see the bank for rate and disclosure information.
- Fees—There will be a title company lien waiver exam fee (this protects you and us from contractor liens), an appraisal fee, and customary recording costs. Other fees may apply.
- Term—We will structure your loan term to meet the timing needs of your particular project.
- Contact a Loan officer for further details.
End Mortgage Loan
Your home is a significant investment. Mortgage choices are dizzying these days. We want you to feel comfortable with your home financing arrangement. Our end mortgage loan alternatives are designed to meet your individual financial situation. For more information contact our Residential Mortgages Lender.
Please download our construction/lot loan application form fill it out completely and mail, fax (773-239-2270) or drop it off at the bank.
