One Time Close Construction Loan Benefits:

  • Finance the lot, home construction costs, closing costs and mortgage into one loan
  • "Build On Your Lot" financing - lot balance is paid off with first draw
  • Loan is based from the "appraised value", in some instances borrowers have a minimum contribution, this allows for low down payments
  • All permanent loan options: 30 year fixed rates, ARM's, Interest only, Option Arms
  • Financing for primary residence, second homes and investors 
  • Stated income available
  • Saves time and Money
  • Streamlined qualifying process
  • Single set of closing costs
  • Up to 24 months to complete construction
  • Rate locked in at closing, with an option to "float down" to a new rate after construction if rates have improved  (in some cases)
  • Low down payment requirements
  • Interest-only payments during construction

 

      Troy Schuricht

 

7575 E Redfield Rd   Suite 235

Scottsdale, AZ  85260

480-305-8905 - office

480-393-8801 - fax

http://www.communityfirstfinancial.com/

http://www.yourlendertroy.blogspot.com/

click to: Google Troy Schuricht!

 

 

2 Comments on Benefits of a "One Time Close" Construction Loan

DEC
27
2007
174,398 Points Outside Blog
Nice post.  Short and to the point.
8:12pm • #1

Thanks,

Construction loans get a bad rap because most individuals can not find good information on them.

8:39pm • #2

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Troy Schuricht

Scottsdale, AZ

More about me…

Community First Financial

Address: 7575 E Redfield Rd Ste#235, Scottsdale , AZ, 85260

Office Phone: (480) 305-8905

Cell Phone: (602) 790-0210

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