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One Closing

One Closing

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

Construction FAQs

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