A fixed rate loan secured by a 1st mortgage on the dwelling.

• Models, Pre-Solds or Spec financing is available.

• Pay interest on a monthly basis only on the amount drawn from your construction loan.

• Disbursement of funds within 24 hours.

Product Features
Credit Amount	Borrow up to 80% of the appraised value or "Sold" price of the home, whichever is less. Sworn construction statement, materials list and a house plan is required to order the appraisal along with the purchase agreement for the land. Contractor fees, selling costs, and closing fees are not generally included in the 80%.
Term	You have one year to complete the home.
Interest Rate	Low fixed rate.
Interest Calculation	Simple (360/360).
Payments	Quarterly interest payments due on the date established by the customer.  Payment may be automatically deducted from the customer's checking account.
Billing Method	Quarterly billing notice.
Late Fee	5% of payment amount.
Fees	Fees vary depending on loan amount.  No annual fees or prepayment fees.
Internet Banking Customers	Free.  On-line access to your loan information, 24 hours per day, 7 days a week.
Other Features	Payments may be made via Telephone Banking, Online Banking or per phone/verbal request. No Application fee.

A fixed rate loan secured by a 1st mortgage on the dwelling.

• Models, Pre-Solds or Spec financing is available.

• Pay interest on a monthly basis only on the amount drawn from your construction loan.

• Disbursement of funds within 24 hours.

Product Features
Credit Amount	Borrow up to 80% of the appraised value or "Sold" price of the home, whichever is less. Sworn construction statement, materials list and a house plan is required to order the appraisal along with the purchase agreement for the land. Contractor fees, selling costs, and closing fees are not generally included in the 80%.
Term	You have one year to complete the home.
Interest Rate	Low fixed rate.
Interest Calculation	Simple (360/360).
Payments	Quarterly interest payments due on the date established by the customer.  Payment may be automatically deducted from the customer's checking account.
Billing Method	Quarterly billing notice.
Late Fee	5% of payment amount.
Fees	Fees vary depending on loan amount.  No annual fees or prepayment fees.
Internet Banking Customers	Free.  On-line access to your loan information, 24 hours per day, 7 days a week.
Other Features	Payments may be made via Telephone Banking, Online Banking or per phone/verbal request. No Application fee.