Product Offerings

Construction Lending Programs

The ONE Close Fixed Rate

A one rate, one close, construction to permanent loan that finances the cost of the construction, and then turns into the permanent loan for the home. Fixed rate terms of 15, 20, 25 and 30 years available. During construction, payments are interest only, billed monthly based on disbursements. At the end of construction, principal and interest is payable over the remainder of the term at the same rate.

The ONE Close 3/1 Treasury ARM

A one rate, one close, construction to permanent loan that finances the cost of the construction, and then the mortgage on the permanent loan for the home. Rate remains fixed for the first 3 years. At year four and each year through the end of the term, the mortgage may adjust annually up or down in accordance with the market. If the rate adjusts upward, it will not adjust more than 2% each year or 6% over the life of the loan. During construction, payments are interest only; billed monthly based on disbursements. At the end of construction, principal and interest is payable over the remainder of the term at the same rate.