Construction Loans
Honest, open, and expert guidance
What are Construction Loans?
Construction loans are loans specifically designed for the construction or renovation of a property and provides short-term funding to cover the costs associated with the construction of the property. Once the construction is complete, the construction loan can be converted into the long-term traditional mortgage.
Enjoy a great lending experience when you have a devoted Premier Lending Group loan expert help you understand the best options to meet your needs.
Benefits of Construction Loans
You can built the perfect home of your dreams
Can be used when you a buying the property or when you already own it
You can save money on rent or mortgage payments during the construction period, as you only pay interest on the funds drawn.
You might not need pay interest out of pocket during the construction period
Flexible income and credit requirements
Easy to use gifts for down payment and closing costs
1- to 4- unit properties allowed
Down Payment Assistance can be used for down-payment and closing costs
Fixed-rate and adjustable-rate terms
You can close your construction and long-term financing at the same time, eliminating the hassle of undergoing a separate application processes, saving you money, time and effort.
Get Started Today!
Fill out the questionnaire on this page to start a discussion about your mortgage needs today!
