Jumbo Construction Loans

Jumbo Construction Loans

Contents

  1. Bank – Construction Loans. Build Your Dream Home. Your Arvest representative can go over the details and help you determine if a construction loan is the best option for building your new home. Benefits of a Construction Loan Include: Financing to suit your project. Fixed-rate loans.Apply Online Apply Construction Loans. Thank you for choosing First United Bank! To begin the application process, please complete the information below. IMPORTANT INFORMATION ABOUT PROCEDURES FOR APPLYING FOR A LOAN.

    Jumbo Mortgage Loans. Jumbo mortgages are home loans with higher principal amounts. These loans are more than $453,100 and fall outside the typical guidelines for what the Federal Housing Finance Agency calls "conforming loans."

    The Permanent Jumbo Loan. While the home is being built the jumbo loan should already have been applied for and a preapproval received. Once you submit your initial loan application and provide your supporting documents your permanent jumbo loan will essentially sit idle during construction.

    Construction Loans Are Typically time close mortgages are only for primary residences-you cannot get this type of home loan for a property that at least one borrower on the loan will use as their primary residence. fha loan rules for this type of transaction allow the construction of a property with as many as four living units,

    We have the mortgage to fit your unique needs, and your local loan expert will. Fixed or Adjustable Rate Mortgages; Jumbo Mortgages; Construction Loans.

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