You've got the vision. You know exactly how you want it to look on the inside. You know what color cabinets you want in the kitchen. You've decided on fixtures, flooring, and paint colors. Let's do this, you're saying.
Now it's time to talk financing. At Avadian, we can help make your dream a reality with a construction-to-permanent loan.
Construction-to-Permanent Financing Options:
- 100% financing available
- One-time close options available, saving you closing costs
- Lock in your interest rate up front with the ability to float down
- Monthly interest-only payments during construction
- Three conversion options at completion of construction
- 5/1 or 7/1 adjustable rate mortgage with amortization over 30 years
- 15-year fixed loan
- 30-year fixed loan
- Unlimited draws during construction allowed ñ minimum of $1,000 per draw
- Locally underwritten and approved
- Single point of contact throughout the process
- Loan amounts ranging from $150,000 to $850,000
- Minimum credit score of 700 required
- VA 100% construction-to-permanent loan options available
All of Avadian's construction-to-permanent loans are locally underwritten and approved as well as locally managed during construction. Let Avadian help you build the home of your dreams. Talk to one of our construction lending specialists today!
Because building your dream home matters.
Subject to membership, creditworthiness, and approval. Please contact your Avadian Mortgage Specialist for current rates.
Subject to approval and underwriting standards. Restrictions may apply.
We are an Equal Housing Opportunity Lender.
The credit union is federally insured by the National Credit Union Administration.
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.
Equal Housing Opportunity Lender. Copyright © 2020 Avadian Credit Union. All rights reserved.