Once you close on your construction loan, you have 12 months for building. During this time your construction loan pays the builder.

With footers and foundation are in place, order a plat sketch from the title company. They will supply it to us.

As building continues, the builder should give you regular invoices to sign. Then you give them to the title company, which will notify us to pay the builder. You'll receive statements indicating amount paid and amount remaining.

During construction we will ask the appraiser to inspect construction to date. You pay the cost of inspections — normally 3-5 are expected during construction.

While you build, the interest rate on your loan is at a fixed rate and you only pay interest as the funds are used.

You may lock in on an interest rate for your permanent loan 60 days prior to modifying to a permanent loan. Give us a call or contact us.

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