Interim Construction Loans
Building your home from the ground up is a whole lot easier when you have local experts who are right around the corner. Easily make the transition from the construction phase to mortgage payments with the help of Lone Star Capital Bank. Our Interim Construction Loans offer a temporary financing solution that allows you to pay your builder in stages as the work is completed.
Summary
- Competitively low rates for your home construction project
- Available for primary residence or second home construction
- Provides more convenience, especially toward the end of the construction phase and the beginning of permanent mortgage
- Pay off interest quicker; payments are interest-only during construction phase
- Payments are made on the amount drawn on your loan sufficient to pay your builder
- Construction draws applied in stages based on work completed