Are you a realtor or builder? Lakestone Bank & Trust's Constru
ction Loan Program is designed to help consumers purchase a primary or secondary home. The Bank can finance construction on real estate you already own or are purchasing. Need to rehab a home you are purchasing before you move in? We can help. All loans subject to credit approval.
Borrower Benefits:
- 12 months interest only
- Get the home they want
- Loan to Value is 90% with private mortgage insurance
- Loan to Value is 80% without private mortgage insurance
- Access to FHA, RD, VA and more
- Work with local decision makers
Realtor Benefits:
- Move vacant land
- Rehab construction
- Help buyers get the home that checks all the boxes
- Work with local decision makers
Builder
Benefits
:
- Ease of use - draw funds in 3-4 days
- Multiple draws
- No inspection fees
- Work with local decision makers
For more information contact:
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Eric Dyson
VP, Retail Lending Director
NMLS #747040
810.538.1902
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Donald R. Schultz
AVP, Residential Mortgage Manager
NMLS #168495
810.538.1909
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Lakestone Bank & Trust | Equal Housing Lender | NMLS #458980
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