Construction Loans
One Time CLose Construction Loans
Minimum FICO Score: 720+
Fixed Financing Terms Available: 15 Years - 30 Years
Construction Term: 6 -12 Months Timeframe
Minimum Down Payment: 3.5% Down
Max Seller Contribution: 6% of the Sales Price
*Other requirements apply to buyer and builder
-This Program allows for you to construct your dream home all in one loan. Once the construction is completed the temporary construction loan will automatically be converted into a permanent fixed loan.
Two Time CLose Construction Loans
Minimum FICO Score: 720+
Fixed Financing Terms Available: 15 Years - 30 Years
Construction Term: 6 -12 Months Timeframe
Minimum Down Payment: 3.5% Down
Max Seller Contribution: 6% of the Sales Price
*Other requirements apply to buyer and builder
-This program allows you to finance a temporary construction loan and after the home is fully constructed your loan is refinanced into a fixed mortgage loan.