Citizens’ Introduces its One-Time Close Construction Loan
When you’re building or rehabbing a home, traditional construction loans require a loan for the construction phase, then once the home is complete, you’re required to take out another loan for the end financing.
Our new One-Time Close loan eliminates all the hassle associated with applying for, qualifying, and closing your mortgage a second time. The closing costs for that second closing are gone too!
Are you worried about interest rates rising during the construction phase? With our loan, you can lock in your fixed rate before construction even starts. If interest rates drop during the construction period, we’ll give you the ability to move to the lower rate!
Contact Janette today for more details.