Construction Loan
Construction Loan Loan Products and Programs
Loan Products and Programs - Construction Loan
Everyone has their own ideas of what a perfect home is like, but let’s face it—they’re not always available on the market. This custom-tailored loan product offers clients the chance to both build and finance the home of their dreams—all with just one application and one closing. Not many lenders offer this unique loan product, so partner with Brazos National Bank to offer your clients a much simpler way to build and finance their home.
Construction Loan Benefits
Features and Benefits
- 70% LTV with no re-qualification required post-construction
- 90% LTV option with requalification required post-construction
- Loan amounts up to $484,350, or more in high balance areas
- Rate can be locked at any time during the loan application/process
- Simple and flexible draw process with no set schedules
- Pay just interest-only payments during construction
Renovations available on existing homes Loan types and terms
- 15-year conventional
- 30- year conventional Eligible properties include
- 1-unit site-built homes
- Planned Unit Developments (PUDs)
- Modular homes
- Site condominiums
- Rural properties
Construction Loan