With Kennebunk Savings, you can easily move the financing for the purchase of this land, construction, and permanent structure into one transaction that is easy.
Our construction loan lets you secure into an interest that is fixed also before you break ground! Plus, we provide interest-only re payments through the phase that is initial of which will help you handle the expenses of alternative housing.
Look at Benefits
- Single loan closing at the start of construction will save you time and money
- Finance as much as 90% for the value of much of your residence
- Gifted land can be used as equity
- Interest-only payment choices readily available for 6, 9, or one year
- Major re re payments start following the interest-only period
exactly What do i have to begin the mortgage procedure?
You will require an agreement with an authorized builder, plans, specifications, budget, along with your economic packet. A little easier, we’ve put together a checklist of financial documents you will need to prepare for the loan process to make things. See our Mortgage Application Checklist.
could i be my check n go roy utah very own specialist?
Yes. You’ll be able to be your very own specialist. To take action, you have to show past expertise in building a house or work with a relevant trade that could support your capability to effectively finish the project.
simply how much of the payment that is down we required to have?
We may accept a advance payment as little as 10%, dependant on how big the mortgage as well as your personal situation. . . .