New Construction Loans For Native American's
| Are you a Native American and want a single close construction loan? In this week economic environment it has almost become impossible to find a single close lender. Single close means that your construction loan and permanent financing is closed in one transaction. There are a few banks that will offer a construction loans (with significant down payment) on a variable or balloon note. Then once the home is built will ask you to refinance again. This means you have two sets of closing cost and you're subject to the rates and lending restrictions at the time your home is finished. We have seen a lot of problems with this type of financing. Our Native American Construction loan closes one time, one set of fees and you get to lock in today's rate. The best part is it only requires 2.5% down and NO MONTHLY PMI. There are a lot of details for this loan. Give us a call. |
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