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A complete construction loan package from your credit union!
Planning on building your dream home? Your credit union can help throughout
the building process. Over the years, we've become experts at helping members with their
construction loans and converting to more permanent home financing. Now, we can also help
you secure the land to build on.
Our Vacant Land Loan is designed for members
wishing to purchase a vacant
land parcel or payoff an existing land contract for future residential use. The program is customized
with options depending on your future building timeline. If you plan to build within three years,
you can lock your rate on a
3-Yr Balloon with 15-Yr amortization. This rate lock holds for 25 days
until your loan closes. If your project timeline extends beyond three years, you can also lock your
rate on a 3/1 ARM with 15-Yr amortization with two points paid at closing.
No need to look further than your credit union's Mortgage Center for all
your home construction needs!
Consult one of our experienced loan officers
today at 1-888-562-6865.
Monday through Wednesday 8:30 a.m. to 6:30 p.m. EST Thursday and Friday 8:30 a.m. to 5:00 p.m. |