Your buyers can save over $2000 in closing costs with a Single Close Construction to Perm loan.  Buyers must have a 700 middle FICO and verified income/assets.  Our rate on the construction loan is Prime + .5% and interest only!   The rate on the permanent loan will be locked within 30 days of completition of the home.  Typically, it takes 45 days from the day of application to close on this loan.  We have to approve the permanent loan, construction loan and the builder's credentials.  We can even roll the closing costs into the loan if the buyer has enough equity in the appraisal.

Call me if you plan to build your primary or second home in Mississippi.

Molly Lionberger, Assistant Vice President

First Bank and Trust of Mississippi

Office: 228-872-1020

Cell: 228-257-9000