Attention Mortgage Customers:
We realize there is uncertainty related to the spread of the Coronavirus and that some of you may face financial challenges. If COVID-19 has impacted your ability to make your mortgage payment, we are here to help. Please call us at 800-937-6303 or 800-937-6002 or you can send a secure message through our website at www.servicehomeloan.com and one of our dedicated specialists will assist you.  Read More From Colonial ➔

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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