Construction Mortgages

 
Rates are subject to change at any time without notice. Hit the "Refresh" button on your browser to make sure you are viewing the most current rates.
 

Rates as of Tuesday, April 22, 2014

PointsInterest RateAnnual Percentage RateFully Indexed RateClosing CostsPayment per $1,000PaymentsApply
CONSTRUCTION (PURCHASE LOT)
0.0002.900%3.181%3.000%$5,179.24$4.16Show Payments and Rates
CONSTRUCTION (OWN LOT)
0.0002.900%3.181%3.000%$4,626.74$4.16Show Payments and Rates
  • This is an adjustable rate mortgage and the payment and rate are subject to adjustment. The rate and payment may increase after closing.
  • All payment examples assume a 20% down payment.
  • Your interest rate can change with the 13th payment, and every 12 months thereafter.
  • Payments do not include taxes and insurance and your actual payment obligation will be greater.
  • Payment per $1,000 represents the monthly payment based on a $1,000 loan as indicated. To determine your estimated monthly payment follow the example provided. Payments on a $100,000 mortgage for 30 years, with no points would be calculated as follows: 100 (Loan amount /1,000) x $5.52 (payment per $1,000) = $552.
  • The expressed rate may change or not be available at commitment or closing.

ALL LOANS SUBJECT TO CREDIT APPROVAL. OTHER TERMS AND CONDITIONS MAY APPLY.


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