Texas Credit Union serving San Antonio, Austin, Dallas, Corpus Christi and much more.

Brand Brand New Construction Loans

We will assist you build it

RBFCU offers one-time close construction loans with versatile terms, built to allow you https://paydayloanssolution.org/payday-loans-vt/ to finance the building of one’s brand new house.

These loans give you a short-term, fixed-rate construction duration which converts up to a permanent fixed-rate home loan upon conclusion of construction. Through the application procedure, RBFCU will need the debtor to give a construction agreement and routine along side step-by-step plans/specs and a proposed plan for the construction task.

During construction, the debtor is going to make payments that are interest-only a schedule that follows phases of the property’s construction progress. Whenever construction happens to be finished, the construction loan may be rolled over right into a permanent mortgage loan that is fixed-rate.
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