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With a new home construction loan you can act as your own general contractor to build a house for personal use, resale, investment or rental property. Our new home construction loan has a variable interest rate starting at Prime +1. Terms are 6 months with no pre-payment penalty and we also offer extensions. With a new home construction loan we offer unlimited draws. All draws are ordered by fax, mail or phone and mailed directly back to you, usually the same day. And the great part, there are no application or draw fees. After the completion of the building, you are free to refinance your new home construction loan with any other lenders.
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