Construction loan

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Home Loans

2.99% APR* Construction Loan Special

  • Interest-only payments during the first 9-month construction period

  • $500 closing cost credit**

  • Special available April 1, 2019 - September 30, 2019

*2.99 Annual Percentage Rate (APR) locked for first nine months for borrowers with credit score of 640 or higher. Interest-only payments for first nine months based on outstanding construction loan balance each month. Offer subject to credit approval and accepted terms. Closing costs apply. Must have existing checking account or open a new account at Community First Bank with automatic payments set up. **$500 closing cost credit on end financing loan with Community First Bank. 
All other conditions of our construction loan program apply.

Construction Loans

Building your dream home requires the right team. A Construction Loan from Community First Bank will be there to help you along the way. We make the process easy, with a quick disbursement policy for approved expenses that will make your contractor smile. Terms can be as long as 12-months with interest only collected during the construction period. Upon completion, your construction loan can be converted to a conventional mortgage loan.

Features & Benefits

  • Designed for people who are building a home from scratch and need construction financing
  • Competitive interest rates
  • Flexible terms available
  • Fixed interest rate loan
  • No Private Mortgage Insurance required
  • Make your payments at your local branch
  • Draws are monitored against the balance of the cost to complete the project
Contact Us to get started today, or stop by any of our convenient offices and chat with one of our loan experts. Your dream home may be closer than you think!