L o t   F i n a n c i n g

 

For those who will begin the construction process within 12 months.   Maximum Advance: 70% of purchase price Rate: Wall Street Journal Prime rate plus 1%, fully floating* Fee: 1%, refundable to the construction loan fees should that loan close within 12 months. Maturity: 12 months Repayment: Interest only, monthly      For those who will begin the construction process in 2 to 3 years    Maximum Advance: 70% of purchase price  Rate: Wall Street Journal Prime rate plus 1%, adjusted annually*  Fee: 1%  Maturity: 3 years  Repayment: Principal and interest monthly, based on a 10 year amortization. Remaining principal and interest due at maturity.         For those who will begin the construction process in 3 to 5 years    Maximum Advance: 60% of purchase price  Rate: Wall Street Journal Prime rate plus 1%, adjusted annually*  Fee: 1%  Maturity: 5 years  Repayment: Principal and interest monthly, based on a 10 year amortization. Remaining principal and interest due at maturity.      All advances subject to full financial review.  Construction and mortgage financing also available.    *Variable rate, subject to increase after loan closing.      To inquire please call:  Rich Pearson  970-495-9310       [Back] [Connor Creek Ranch Home]