The one-time-close loan allows you to take care of both the construction loan and permanent mortgage financing at the same time. When the home is finished, the loan automatically "rolls over" to the permanent mortgage, saving considerable time, money and effort.
Fast & Easy
As always, our loan decisions are made locally. This means a faster turn-around time on approvals so you can get your loan sooner.
* Loans subject to credit approval, restrictions apply.
Payment information: Construction loan period (up to 9 months) - monthly payments of interest-only, calculated on the outstanding principal balance. Permanent loan period - (Payment examples are based on estimated information: Loan amount of $200,000, advertised variable rate of 3.500%) Initial 5 year monthly payment is $898.09, followed by 25 years of monthly payments that could be as high as $1,546.92. Payments do not include amounts for taxes and insurance and your actual payment may be higher.