If you are wanting to build a home, CenterState Bank Mortgage has one of the strongest Construction-to-Perm loans (CP Loans) programs available. With as little as10.1% down, CenterState can handle the financing of your build. The construction loan is interst only for the first 12-months. After 1-year, the payment will modify to an amoritizing payment where you will begin paying principal and interest. However, once construction is completed, you have the option to modify the construction loan to a fixed rate mortgage.
For more details on the construction loan process, contract Tracy today at 256-564-7615.
Call Tracy Flesch today for details!