- Apply Once
Buy your land and build your dream home all in one loan application.
- Lock Your Rate
You have freedom to choose when to lock your rate– when your home is complete, or closing/before construction even begins.
- Take Control
Know exactly where your money is headed. You'll always get the final say before any advanced are sent to the builder.
- Close Once
With just one closing, you'll save yourself the stress of switching lenders, all while saving thousands in fees and closing costs.
Turn Your Existing Home into Your Dream Home
You have big plans for what your house could be, and our Single Loan Close Construction Program can streamline the process.
With a single loan, our program can cover demolition costs for an existing property, construction costs for a new property, and permanent financing.
- 5% down payment on primary residence
- Adjustable rate mortgage (ARM) and fixed rate options for permanent financing which begins after construction is completed.
- Hassle-free draw process
- Conforming and Jumbo options available
- Interest-only payments on outstanding loan balance during construction
- After construction is completed principal & interest (P&I) payments begin
All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment. Geographic restrictions apply - contact a mortgage loan professional for additional information. Interim construction period not to exceed 12 months. The interest-only feature allows you to make minimum interest payments for a set period of time. When the interest-only period end, the monthly payment is recalculated to include full principal and interest payments for the remaining loan term.