Construction/Rehab
Construction and Renovation Loans
As a local bank, growth in our communities is important to us. Building a new home or renovating an existing residence can be a complex undertaking. Let our experienced and local loan officers help ease the financing process.
Construction Features
- Down Payment as low as 5%
- One Time Closing
- Interest Only Payments during Construction
- Rate is locked before construction begins
- Equity from the lot may be used towards down payment
Renovation Features
- Purchase or refinance
- Down Payment as low as 5%
- One Time Closing
- Completed Value used to determine LTV
- Renovation to begin after the loan closes, funds disbursed based on completion