Get a FREE quote on an Construction Loan & save thousands of dollars per year.
With a One-Time Close (OTC) loan from New American Funding, the money you need to purchase your property, pay for your home construction, and secure a mortgage is all wrapped up in a single loan.
HIGHLIGHTS:
We know that concerns about interest rates can make customers hesitate before building their dream homes. There is a solution! Lock in the rate today with a float-down option and if the rates drop during the 12-month rate lock period, the interest rate on your loan adjusts to the lower rate. So, instead of waiting, you can put the wheels in motion for your dream home today and have confidence in getting the best rate possible!
Most homeowners get into adjustable-rate mortgages for the lower initial payment, and then usually refinance the loan when the fixed period ends. At that time, the interest rate becomes variable, or adjustable, and the homeowner would likely refinance into another ARM, something fixed, or sell the home outright.
Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below:
