Construction Loans NC

The thought of building a new home can be daunting. All that planning. All that work.

And all that money.

At First Bank, we can’t design a floor plan or hang drywall, but we can make that last part a little easier to manage. We offer construction loans at all of our North Carolina branch locations as a way of financing your lot, construction, and subsequent mortgage all under one easy-to-manage plan.

Construction Loan Features

Our construction loans offer 12 months of financing through the construction phase with the ability to seamlessly convert to your permanent mortgage once your home is completed. The details of our construction loans in North Carolina include:

Applying for a construction loan in North Carolina is easy with First Bank. Simply gather your financial and property information, then fill out our online form to get the process underway.

If you need more information about construction loans before you take the next step, that’s not a problem. We have a collection of articles, guides, and tips about home building and construction loans that are sure to answer any questions you may have. You may also use our mortgage calculator or find a North Carolina mortgage specialist near you.

First Bank is also happy to offer construction loans for businesses. Perform new construction, remodeling, expansion, or other projects under flexible terms and competitive rates.

Let us help you manage the financing of your construction project. We’ll leave the rest up to you.


  Loans subject to credit approval.

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Sources:

Investopedia: http://www.investopedia.com/terms/f/fixedinterestrate.asp

Investopedia: http://www.investopedia.com/terms/a/arm.asp