If you’re looking to build the home of your dreams from the ground up, we are here to aid you in the process of financing the construction. Oak Bank Lot and Construction Loans provide short-term financing during the construction process and long-term financing once you’re settled in.
Our Lot and Construction Loans offer special benefits to those looking to build their own home, including:
- No Private Mortgage Insurance (PMI).
- Interest payments during construction only apply to the amount drawn.
- The option to lock your loan rate on a variety of balloon mortgages during construction.
- The ability to easily convert to a permanent mortgage when construction is complete.
If you’re interested in more information on our Construction Loans, contact an Oak Bank Mortgage Lending Specialist today!