Construction Financing Loan Programs in St. Louis, MO
We offer a cutting edge construction financing program for those customers who need financing throughout the construction phase. Plus, we offer the added advantage to our builder customers of offering a seamless and efficient process. Below are general highlights of our construction to permanent financing for new home construction.
- Maximum "Loan to Value" of up to 95%
- 12 month interest only draw note
- The loan amount and loan to value will be based on the "after improved"
value of the home
- Floating Rate during the construction term
- Bank will require construction funds to be disbursed by third party
- Bank will need to approve the general contractor hired to build home