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Construction Loan & Permanent Financing
Posted on 2/6/12 at 9:48 am
Posted on 2/6/12 at 9:48 am
I'm looking for somewhere to get my construction loan and permanent financing afterwards. Any bank recommendations in BR?
2
Posted on 2/6/12 at 9:56 am to Day Man
Ask your builder who he deals with. If the rates are comparable, go with them because the builder needs to be approved by the lender as well.
Posted on 2/6/12 at 10:39 am to Hung like Mule
quote:
Ask your builder who he deals with
In that case can anyone recommend a good builder. I have few already I will get bids from, but am looking for maybe one more who might be a little more eager for work.
Posted on 2/6/12 at 12:36 pm to Day Man
I'm getting my construction financing through E federal Credit Union. Will either go with E fed (who simply shops for the best rate and sells the loan to them). Or go with Chateaux Mortgage when it comes time to convert to permanent financing.
This post was edited on 2/6/12 at 12:37 pm
Posted on 2/6/12 at 2:36 pm to Day Man
I used Fidelity bank a year ago when I built my house as my normal bank didn't do construction loans.
Fidelity was great. The loan officer was DJ Loland at the one in Duchtown at the time but I've been told that they moved him to another location. I would highly recommend him, was a pleasure to deal with during a very stressful time of building a house.
Fidelity was great. The loan officer was DJ Loland at the one in Duchtown at the time but I've been told that they moved him to another location. I would highly recommend him, was a pleasure to deal with during a very stressful time of building a house.
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