With Kennebunk Savings, you’ll move the funding for the purchase for the land, construction, and permanent structure into one transaction that is easy.
Our construction loan lets you secure into a fixed rate of interest even before you break ground! Plus, we provide interest-only payments through the initial period of construction which can help you handle the expenses of alternative housing.
Look at Advantages
- Solitary loan closing at the start of construction will save you time and money
- Finance as much as 90% of this worth of much of your residence
- Gifted land may be used as equity
- Interest-only re payment choices designed for 6, 9, or 12 months
- Major payments start following the phase that is interest-only
just What do i have to begin the mortgage procedure?
You will require a contract with a builder that is licensed plans, specifications, spending plan, along with your monetary packet. Continue reading One Closing