WE MAKE CONSTRUCTION LOANS EASY!
As a part of our mortgage loan program, ACFCU offers a construction loan product for personal residences located in Tennessee and Virginia for new primary single family residential structures. With a construction loan from the credit union, your interest rate will be the same rate that is currently available on the permanent financing option you choose from our selection of mortgage loans.
HOME COMPLETION: You will have up to 1 year to complete your construction. You will make interest only payments while construction is underway.
FUND DISBURSEMENT: Funds on your construction loan are disbursed following an inspection by an authorized appraiser so as not to delay the construction process.
Construction Loan requirements:
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a licensed contractor must complete the home.
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a set of house plans and specifications required.
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maximum loan amount is 90% of appraised value.
For more information, please call one of our Real Estate loan professionals.
| Anita Mattera |
(800) 378-3778, ext. 1235 |
(423) 378-2813 |
| Daniel Torres |
(800) 378-3778 |
(423) 378-3778 |
