 Unlike most
new construction loan programs, American United's program offers
the benefits of a one-time-closing for both the construction and
permanent financing.
While
most lenders require that you purchase the land, obtain
construction financing, and then obtain permanent financing to
pay off the construction loan, American United's one-time loan
closing saves you time and money.
If
qualified, you can receive up to 90% of the total acquisition
price to purchase the land and construct your new home. And
since your construction loan automatically converts to permanent
financing upon completion, there's no need to refinance.
New
Construction Program highlights:
-
One-time
closing
-
Long
term lock period
-
Up to 12
months to complete construction
-
No
builder financials required
-
Borrow
up to 90% of total acquisition
Contact
American United's Construction Lending Division at (800)
555-2035 for rates and terms in your area. |
