CONSTRUCTION MORTGAGE LOAN:

You're building your own home and want a flexible mortgage loan that easily converts to a conventional mortgage without having a second closing.

What it offers:

• Choose from available fixed and adjustable rate construction loan programs
• For added flexibility you can make interest only payments during your construction period of up to 9 months
• To avoid a second closing and to save you money, your loan automatically converts after construction to principal and interest payments for the program initially selected
• Various point options available to lower your interest rate
• Up to 90% financing so you'll have more for funds available for furnishing and decorating your home

We do construction loans, and have a special program with great terms for apartment complexes and nursing homes where the loan amountis over $2,000,000. Loans can be for new construction, re-financing, expansion, or acquisition. Construction and permanent financing are provided in one loan source!

• Minimum loan amount $500,000
• No limit on the Maximum loan amount
• Maximum loan to value is 90% on some, 80% on most
• Interest rate - starting at 6% (subject to market changes)
• Term - up to 40 years
• Fully assumable loan for most loans
• Fee/points - competitive

Property Type:

• Owner occupied 1-4 family
• Investment Property 1-2 family