Simplify the financing for your home construction.
Building a new home typically requires multiple sets of paperwork, two different loan types with different rates and more complicated processes. At Morton Community Bank, we can help make that process simpler with our Construction Advantage Loan.This Loan will transition into a conventional mortgage 12 months after closing.
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Additional advantages include:
- One loan application
- One set of fees and closing costs
- One loan closing
- One interest rate
- Interest only payments for the first 12 months during construction
- Smooth transition to a conventional mortgage
- Fixed rate locked in at the day of application
Are you ready to move forward? Click Here to connect with a Mortgage Lender near you. You can also begin by completing our online application process. After completing your application, a Community Banker will contact you.
Offer of credit is subject to credit approval.