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Specialized financing. Construction-to-permanent home financing. This product offers the benefit of single approval and closing for both the construction and permanent financing. A construction period of 6 to 24 month is allowed. The subsequent permanent loan rate is approved prior to the initial closing and will be locked in for the term of the construction and amortized over a specific term of up 30 years. The permanent loan beings on the first day of the month following the construction completion date. Fixed Rate, Interest-Only loans. For costumers who want lower monthly payments at the beginning of their mortgage, but still want the security of fixed rate, we offer loans with a initial interest-only period during which you pay only interest, taxes and insurance. After the interest-only- period, the loan converts to payments of both principal and interest. You qualify based on the interest only payment, plus taxes and insurance which may qualify you for larger home and provide flexibility with your expenses for other needs. |
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Maribel Hurtado
Office: (561) 515-3754
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