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Need a Construction Loan?
We are pleased to offer this construction loan product to our customers who obtain their permanent mortgage financing with us.
Call Me For Program Information!
*LOAN TERM up to 9 months *LOAN PAYMENT Monthly interest only on outstanding balance
HELPFUL INFORMATION *May borrow up to 95% of the total construction/land cost. *The purchase of the land may be done as the first payout on the construction loan and thus be paid for at the closing. *Both the constuction loan and the permanent loan are approved from a single loan application. *In an effort to reduce interest expense, your funds will be used prior to accessing the funds of the construction loan. *All payouts will be made through a title company. *All projects must utilize an established Building Contractor.
Are you a Builder? Contact Brenda White at 815-986-7120 for any commercial lending questions. |