One way to have your dream home is to build it yourself. That dream can be a reality with an affordable construction loan.
You'll save with a competitive rate, and interest-only payments during the construction phase. Your loan can then convert to a mortgage once construction is complete.
- Build your dream home affordably
- Interest-only payments during construction
- Converts to standard mortgage once construction is complete
- For primary residence or second home construction
- Competitive rates
- Terms customized to you
- Easy application process
- Attentive, personalized service every step of the way
- Fast decisions made here in Southeast Michigan
- Two-Phase Program
This program utilizes two separate loans: an interest-payment only loan with a fixed rate for the duration of construction, and a standard mortgage once construction is complete. The borrower closes twice — once prior to construction, and again after obtaining a Certificate of Occupancy and final appraisal.