Colonial Single Close Construction Loan
One application, one loan, one closing. Building a new home is even simpler with Colonial's single close loan.
- 95% LTV with 12 Month Construction Term up to $850,000
- 90% LTV with 12 Month Construction Term up to $1,000,000
- 85% LTV with 12 Month Construction Term up to $1,250,000
- 80% LTV with 12 Month Construction Term up to $1,500,000
- 75% LTV with 12 Month Construction Term up to $1,750,000
- 70% LTV with 12 Month Construction Term up to $2,000,000
- 80% Conforming Fixed Rate Construction Loans
- Interest-Only During Construction
- Rate Protection with Float-Down Option
- Lot Equity may be Credited toward Down Payment
*Colonial's Single Close Construction Loan is available in Texas and Colorado.
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