Construction to Permanent Loans

For customers who are looking to build their own home, as either a primary or secondary residence, with an approved builder.

Terms:

6-month construction term with two, 3-month extensions available

Loan Amounts:

Up to $1,000,000

Rate Type:

• Fixed
• Adjustable - fixed interest rate for initial term adjusting annually thereafter

Maximum Loan To Value (LTV):

Primary and secondary residences 80% LTV

Monthly Payment:

Principal plus interest

Annual Fee:

No annual fee

Additional Features:

5 to 7 scheduled draws