Our exceptional construction loan program offers down payments as low as 10%, with no PMI [Private Mortgage Insurance] required, and one closing. We offer construction periods of up to one year and an interest rate lock* at the time of your application. During the construction phase, you’ll make interest-only payments. After the construction period, the loan will automatically convert into repayment and you’ll make payments as you would with a conventional mortgage loan.
*An additional fee will apply.