Colonial Single Close Construction Loan
One application, one loan, one closing. Building a new home is even simpler with Colonial's single close loan.
- 90% LTV with 12 Month Construction Term up to $650,000
- 80% LTV with 12 Month Construction Term up to $750,000
- 80% Conforming Fixed Rate Construction Loans
- Interest-Only During Construction
- Rate Protection with Float-Down Option
- Lot Equity may be Credited toward Down Payment