CONSTRUCTION LOANs
Some people choose to search for their dream home from those that are already built. Many dream of building a custom home exactly how and where they choose. Construction Loans from First Bank of Berne are a convenient and effective way to finance a new home, garage, out-building, or remodeling project.
Additional Details
- Fixed and adjustable rate mortgage with multiple repayment terms available
- Interest rate is locked in up front
- Low monthly interest-only payments during construction
- Loan payments/servicing is handled directly at First Bank of Berne
- No PMI (Private Mortgage Insurance)
- Easy draw process (loan advances) to pay your builder