One Closing

One Closing

With Kennebunk Savings, you are able to move the financing for the acquisition of this land, construction, and permanent framework into one effortless deal.

Our construction loan enables you to lock as a fixed rate of interest also before you break ground! Plus, we provide interest-only re payments throughout the initial phase of construction which will help you handle the expenses of alternate housing.

Look at Advantages

  • Solitary loan closing at the start of construction can help you save time and money
  • Finance as much as 90% for the worth of much of your residence
  • Gifted land can be utilized as equity
  • Interest-only payment choices designed for 6, 9, or year
  • Principal re payments start following the phase that is interest-only

Construction FAQs

just What do i have to begin the mortgage procedure?

You will require a contract with a builder that is licensed plans, specs, spending plan, and your economic packet. Which will make things only a little easier, we’ve come up with a list of monetary documents you need to get ready for the mortgage procedure. See our Home Loan Application Checklist.

could i be my personal specialist?

Yes. You can be your very own contractor. to do this, you need to show experience that is previous building a house or work with an associated trade that will support your ability to successfully finish the task.

simply how much of the payment that is down we required to have?