Homebuilding is an exciting process, but it can be daunting too. That’s why we offer our One-Time Construction Loan to help make the build and finish of your new home simple!
With this innovative financing option, you don’t need two loans for construction – just one low-rate loan that converts into a conventional mortgage once complete. Plus with interest-only payments until your home is complete, there are no extra costs or fees associated with getting started
Here’s what a construction loan from Vault Mortgage covers:
The biggest benefit of a one-time close loan like this is peace of mind. You only pay interest during the construction period, and once your home is complete, the interest rate will be locked in at the going rate. While we are not able to lock in the rate at the beginning of the loan, there is a rate cap.
We’ve got the experience and the professional network to get your loan funded. If it can be done, we’re the ones who can get it done. You’ll have direct access to a friendly, communicative, professional Loan Originator who will walk you through every step of the process. If a problem ever pops up, you’ll be the first phone call with a solution.