Construction & Rehab

Save time and money with a one-close construction loan

Whether you’re buying or refinancing, our one-close construction loan allows you to finance the renovations you’ve been dreaming of into one convenient loan. There’s just one application and one closing, saving you time and money, too. And now, this all-in-one loan includes higher limits, so you may be able to dream even bigger.

Features:

  • Loan amounts up to $2 million
  • Lock in your rate at any time
  • Easy construction draw process
  • One set of closing costs and fees
  • Interest-only payments during construction

 

Construction to permanent financing for primary residence and second homes. Jumbo One-Close construction program allows for payment of interest-only

during construction. Note to be modified upon completion of improvements to a fully amortized principal and interest payment. Soft costs (architectural,
engineering, and permit fees) may be financed, closing costs may not. Full third-party builder contracts only. Teardowns and major renovations are eligible.
Not available in U.S. Virgin Islands.

Loan amounts up to $2 million available nationwide.

CONSIDERATIONS: • Fees and charges may vary by state. • Construction period extensions may be granted at a cost of $1,000 per month with a
maximum of 6 extensions. No partial months are allowed.• Important information will be provided to you in the disclosures you receive after we have
received your application and the loan documents you are provided at loan closing.
Programs for qualified borrowers. All borrowers are subject to credit approval, underwriting approval, and lender terms and conditions. Programs subject to
change without notice. Some restrictions may apply. Not a commitment to lend. 2/22