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Construction
to Permanent |
CONSTRUCTION / PERMANENT FINANCING:
We offers construction to permanent financing for borrowers planning to build either owner occupied or second homes.
Unlike many other mortgage companies, we conduct a single settlement which takes place prior to commencement of construction.
When the house is completed and an occupancy permit issued, the construction loan is conveniently converted to a permanent mortgage.
We are committed to offering highly competitive rates, quick and easy settlements, and convenient draws for builders construction/permanent financing.
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OUR ADVANTAGES:
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Low
interest rate during construction. Interest paid during construction is
only on that amount of money which has been drawn.
During
construction, monthly payments are “interest only.”
Flexible
draw schedules.
Draw inspections made and funds made available within 72 hours of request (depending upon market conditions).
Checks are can be mailed and/or picked up at escrow after we have received verification by our/an licensed inspector (depending upon the property and/or project).
QUALIFYING NOW:
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All programs, rates
and terms are for broker use only and are subject to change without notice.