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​​Colonial Single Close Construction Loan

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

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© Copyright 1997-2017 Colonial Savings, F.A. All Rights Reserved. Bank and mortgage rates and terms subject to change without notice. This is not an offer to extend consumer credit as defined by Section 1026.6 of Regulation Z. Insurance products issued by Colonial Life Insurance Co. of Texas and DuBose and Associates Insurance are not insured by the Federal Deposit Insurance Corporation. Insurance products are not issued, guaranteed or underwritten by Colonial Savings, Colonial National Mortgage or the FDIC. Insurance products may involve investment risk, if appropriate, including potential loss of principal.

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