Loan Term
30 year fixed rate
Down Payment
10% (90% LTV)
Annual Percentage Rate
4.75%
Estimated Monthly Payment
$1,043
Build or renovate your home today with CTH Mortgage's One Time Close Construction Loan!
Loan Features
- Home construction loan
- Min. Down Payment = 5% for primary residence. Land value may be used as a down payment on a refinance transaction.
- Interest rate is capped on permanent loan
- Interest only loan during construction for up to 12 months, then modifies to 15 or 30 year fixed rate loan once home is complete
- Eligible for Primary residence or Second home
- Borrower chooses contractor, subject to CTH Mortgage verification
- One (1) closing with a simple modification process finalizes your rate and payment once construction completed
We make sure you can get into your home as soon as possible. A team member is just a phone call or click away.
*Not a commitment to lend. All loans subject to credit and property approval. The following terms are for illustrative purposes only. Rates, payments, and loans terms vary by consumer based on their individual qualifying information. The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance.