There are a few things to consider beyond choosing your builder and design team as you move toward building your new home. From Lot Loans to Construction Loans and Permanent Financing, Arbor Bank is here to help you at each phase.
Lot Loans – You’ve found the perfect lot to build your dream home. Now what? A Lot Loan from Arbor Bank can help you secure the property while you plan your next steps.
Construction Loans – Typically a shorter-term loan that is used to cover the costs of building or remodeling your home. Construction Loans are different from traditional home loans in that they are structured to pay your builders in installments as work is completed and the loan amount is based on the projected value of the home once it’s completed.
Permanent Financing – Once your new home build is completed, it’s time to consider long-term financing. Since your Construction Loan allows just for the new construction up to the point of move-in, Arbor Bank can move you into a new mortgage loan that pays-off the remaining construction loan debt through a typical 15 to 30-year mortgage.
Mortgage Solutions
Your home is a unique reflection of your own personal style; shouldn’t your mortgage be just as distinctive? Arbor Bank’s experienced team of mortgage professionals will create a custom-tailored solution that is just the right fit. Once we find the right mortgage solution for you, we’ll assist you in the application process and be with you each step along the way through closing. Let us help you purchase your new home or take advantage of options to refinance your existing home. We specialize in FHA, VA, Conventional, Rural Housing and first time home buyers programs.
Construction Loans
Have you dreamed of building your own home but don’t really know what you can afford or even where to start?
Get Pre-QualifiedGuild Mortgage is a leading independent mortgage lender in the United States, specializing in residential home loans. For more than 60 years, we’ve grown through referrals by focusing on doing what’s right. Choose Guild for who we are. Our loan officers bring honesty and expertise to each relationship. We sort through the complexity. We mind the details. We take our responsibility seriously because it matters to people’s futures. We’re here to guide you through the biggest transactions of your life. And we’re here to serve you long after the loan closes. We operate to earn your business for life, to help you nurture the investment that serves as the setting for many of life’s moments — big and small.
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