CONSTRUCTION LOANS

Construction lending is unique in that it has two parts to the loan process. The first part is the interim piece and the second is the permanent financing. The funds that are allotted for the interim period are typically paid back at an interest only rate. Once your home is completed than the loans moves to a permanent financing stage. This is the loan that starts to pay back the principal balance. Although this might sound complicated, when you work with one of our construction specialists it is a “made easy” experience. To get started fill out an online application.