AMEC Home Loans provides one-time close construction loans for new home construction or major remodeling projects with as little as 5% down. Here are the details:
- Only one set of closing costs including the lot purchase, construction, and permanent loan
- 5% down payment is needed at the time of construction loan closing (subject to end loan qualifications)
- Interest only payments are collected during construction. Interest payment is based on the current drawn out balance
- Upon completion of your new home, we simply roll the construction loan into the permanent loan of your choice*
- Extended rate lock options available
- Closing done without closing costs
Have questions? We are here to help, contact us today.
*Restrictions may apply
Terms may not be available for every borrower as terms are based on several factors including, but not limited to: credit history, FICO score, stability of income, borrower assets and subject property. All borrowers are subject to underwriting review. This is not an offer to enter into a rate lock pursuant to MN Statue 47.206. This is not to be construed as a mortgage loan approval. Terms are subject to change without notice. Contact an American Mortgage & Equity Consultants, Inc. representative for additional information. Company NMLS # 150953, Equal Housing Lender.