First Place bank does construction lending with as little as 5% downpayment of the total project (land cost+cost of construction) for borrowers with good credit scores. You’ll have up to 12 months to build your new home. The mortgage rate can be a fixed rate with terms of 30, 20, 15 or 10 years or adjustable rate.
As a member of the NorthCoast Building Industry Association and building my own home several years ago, I can advise anyone looking to build their dream home. The Northcoast Building Industry Association website has a listing of builders in the Lorain, Erie and Huron County areas- www.northcoastbia.com.
I look forward to helping you build the home of your dreams!
Apply 24/7 www.firstplacebank.com/lizschneider or call anytime 440.452.3894.