Construction Loans Simplified
A webinar presented by TImber Block.
Construction Loans are different at East Wisconsin Savings Bank!
Find out what makes our construction loans different - and easier for you!
Construction Loans Wisconsin
Construction Loans If you’re considering building a home in the Brookfield, Chilton, Madison, Wauwatosa, Greenfield, or Bayside areas , look no further than Great Midwest Bank. Our Construction Loan product offers the following features:
A short-term loan that allows you to start construction now Bridges the gap until your current home is sold Break ground on your new home with construction loans from Associated Bank—and enjoy additional perks, like preferred rates and discounts on certificates of deposit, checking and money market accounts.
Construction loans are typically short term with a maximum length of 9 months. We work directly with your general contractor and a title company to make sure your new home construction goes smoothly. At the end of the construction loan, your loan will be refinanced into your “end loan”.
One of the most exciting decisions most people make in life is buying a home. You’ve watched friends or family go through the process, or have been through the process yourself, you may have the idea that arranging a mortgage for the home you want to purchase is a grueling, stressful task that’s nearly impossible to understand.
Construction loans are used to construct a building or for improvements of real property, and the land and improvements stand as collateral for the loan.
Additional costs will vary, and may include construction loan closing costs and fees and special insurance requirements. But don’t worry; your Construction-to-Permanent Loan can usually include on-site costs, off-site costs, closing costs, interest reserve, contingency reserve and lot purchase or value.
Construction Loans. When it comes to home construction loans, every application has a story behind it…there’s a reason you’re not buying new…there’s a reason you want to build in one place instead of another…there’s a future you see for yourself once the construction is complete.
For information on construction loans, including the benefits of closing before construction begins, talk with a mortgage loan officer. Find a builder. Once you settle on using your home equity or getting a home construction loan to build a new home, there are several ways to find a quality home builder in your area:
A construction loan is a short-term, interim loan to pay for the building of a house. As work progresses, the lender pays out the money in stages. As work progresses, the lender pays out the money ...
Wisconsin Bank & Trust provides lending solutions for both owner-occupied or investment real estate properties like industrial buildings, apartment complexes or office buildings. We also provide construction loans to fit your expansion needs, permanent financing for income producing properties and SBA loans.