One-Close Construction Loans
Mars Bank has a mortgage product that will help you finance your new home construction. Close once for your construction and up-to 30-year mortgage. Plus, include the land purchase in the loan.
Consider these advantages of the Mars Bank construction loan:
- Up to 90% LTV – No private mortgage insurance (PMI) required
- One-time closing – lock your rate at the time of application
- Fixed and ARM terms available
- No escrow required
- Equity/credit available if land owned by borrowers
- Interest-only payments during 12-month construction term
- Funds disbursed upon completion of work, via a draw request from borrower signed by contractor and borrower
- Finance the purchase of the land along with the construction cost of the new home, including the cost of the utility hookups and site work
- Options for non-conforming homes
Contact us for full offer details at 724-776-3803 or email email@example.com.