One-Time Close Construction

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Construction-to-permanent financing combines the best features of both a construction and a permanent loan.

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Question:

Question:

Want to build a home from scratch but not worry about an overly complicated financing process?

CONSIDER A ONE-TIME CLOSE CONSTRUCTION LOAN

Northpointe’s convenient construction-to-permanent loan combines the best features of a construction loan and permanent loan. There is one closing, one set of closing costs and the interest rate terms are confirmed prior to closing. Northpointe Bank is bringing you home.

5% down payment option requires an owner-occupied single family residence and minimum credit score of 700. All mortgages are subject to credit review and approval. This is not a loan commitment. Maximum loan-to-value ratios, loan amount and product terms may change without notice. Contact Team 101 at Northpointe Bank for full details.

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FACTS

Minimum Credit Score:

740

Minimum Down Payment:

5%

Max Debt-to-Income:

43%

Max Loan Amount:

$1,300,000

Available for:      Primary Residences          Second Homes    

QUICK
FACTS

Minimum Credit Score:

740

Minimum Down Payment:

5%

Max Debt-to-Income:

43%

Max Loan Amount:

$1,300,000

Available for:

  Primary Residences
  Second Homes

BENEFITS OF THE ONE-TIME CLOSE CONSTRUCTION LOAN PROGRAM

Review the following benefits of this construction solution and see if it is the right fit for your homeownership goals.

Simple Process and Simple Closing

Offers interest only payments during the construction period. One closing and one set of closing costs.

Down payments as low as 5%

For owner-occupied single-family residence and credit scores of 700 and above.

Flexible Construction Terms

Flexible construction terms ranging from 6 to 12 months depending on your project requirements.

Amortization Options:

Is One-Time Close Construction Right for You?

Fill out this questionnaire to see if we can help you achieve your homeownership goals with a One-Time Close Construction Loan.

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CALL US NOW           804.724.LOAN       OR GET IN TOUCH ONLINE       
CONTACT US

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CALL US NOW

   804.724.LOAN

GET IN TOUCH ONLINE

CONTACT US

One-Time Close Construction Loans are available in the following States: All States

Special Offers and Programs

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Why Choose ?

LOW RATES

We offer some of the lowest mortgage rates in the industry, along with truly innovative, tailored programs.

GREAT SERVICE

Our mission: client-focus. As your personal lender, we value listening and delivering on what is most important to you.

QUICK CLOSE

Move into your new home sooner. Time saved plus low rates equals more savings for you.