Tammy Zurfluh
Mortgage Planner
Vice President
Office: (815) 986-7108

First Time Home Buyer?
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Need a Construction Loan?
What items will be needed for the Application?


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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.

 
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