If you are contracting with a licensed builder to build a custom
home we can help. Our construction lending is not available in all
states.
We offer construction loans
and one close construction to permanent loans.
Your equity includes the land, architectural plans, permits, site
improvements and any documented hard or soft costs that have all ready
been paid. You may choose any permanent loan type available at the time of
completion of construction. (i.e. fixed rate, adjustable, etc.) For one
close loans a modification agreement is used to roll the construction loan
into a permanent loan. A second loan closing is not required, nor are
there any additional loan fees or closing costs required at the time of
modification to the permanent loan.
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