Construction Loans
Building a new home? Our low rates and flexible payment terms give you a solid foundation for your dreams. Our construction loans make things simple with one loan and one closing process for both construction and mortgage.
One-Time Close Loan | One Closing, One Process, One Loan
Keep your costs down as your house goes up.
Building a new home in Michigan? That’s exciting! After all, you get a say in everything from floor plans to paint colors. You should also get a say in your financing options. Arbor Financial offers one loan that covers both the construction phase and mortgage. One closing process translates into lower fees, less red tape, and a quicker completion of your new dream home.
Call Us Today at 269.544.3105 and find out what our team can do for you!
Our Mortgage Loan Originator, Holly Babb, will be hosting a construction loan seminar on February 22 at 10 at the 9th Street branch to help you learn everything you need to know about the process. Click here to learn more and RSVP.
Our Construction Loans are built on these concepts:
- One-time closing costs
- Fixed-rate loans with low rates
- Ease your cash-flow crunch by paying only interest during construction phase
- Options to eliminate PMI available
- Flexible financing terms from 10 to 30 years
- Easy application process with a quick response
- Loan serviced by Arbor Financial so you will always speak to someone local if you have questions
When you're ready to apply, here's what to consider:
You'll need documentation for all borrowers, including:
- Social Security number
- Contact and employment information
- Best estimates of income, assets, and liabilities
Once you've applied, we'll contact you to:
- Guide you through the loan process
- Complete your loan application package
- Help you select the best program and interest rate
