If you’re considering building a new home, you’ll be glad to know that the mortgage experts at Dollar Bank will be there to help you get the construction mortgage for your needs. Plus, they keep the servicing of their mortgages, so you can feel confident knowing your loan is in caring and capable hands even after closing.
A mortgage pre-qualification is the first step. Then, choose your home style and options with confidence because you will know exactly what you can afford to build.
Dollar Bank offers fixed and adjustable rate mortgages (ARM) for construction and permanent mortgages with only a 5% down payment on loan amounts up to $548,250 and only 10% down on loan amounts up to $850,000 – all greater loan amounts require 20% down. There is only one closing with Dollar Bank’s construction mortgages, so the loan will automatically convert to a permanent mortgage with the same low rate and term. You can confidently build the house of your dreams with an affordable monthly at all phases of your mortgage.
Also, did you know that if your existing home is for sale, you may be able to apply the equity in that home toward a down payment on your new home?
About Dollar Bank
The ability to help others “do” has been the cornerstone of Dollar Bank since we opened our doors in 1855. It’s a belief in empowerment, that every customer and community we serve has a path to better possibilities before them. And that it’s our mission to help them get there.
Our commitment to helping you “do” is what makes us different, too. It’s the reason we listen so earnestly, work to truly understand your needs and consistently deliver the solutions that prioritize your wellbeing above all else.