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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.
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!
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