Are You Building a New Home in Oregon?
Are you thinking about building a new home in Portland, Eugene, Salem, Gresham or anywhere in Oregon? The Oregon Construction Loan program might be a good fit. The construction-to-permanent loan is for Oregon borrowers having a new home built in Oregon and who would benefit from the convenience and cost savings of closing one loan. The Oregon lender finances both the interim construction financing and the permanent loan under one note and one deed of trust.
Oregon (OR) Construction Loans - Benefits
- One single loan, closing and qualifying process
- No interest rate risk during construction in Oregon
- Payments during construction are included in the loan
- Convenient web based draw and disbursement system
- Minimal loan down payment
- Oregon lender paid mortgage insurance
Oregon Construction Loan Rates
As with any Oregon home loan/mortgage, construction loan interest rates vary and are determined by the borrower's credit history, Oregon property's appraisal values, permanent loan term and type and many other factors. The best way to determine your Oregon Construction Loan rate is to contact Home Point Financial's lending experts who are here to help.
OR Home Construction Lenders
Apply online or contact the OR home construction loan specialists at Home Point Financial to learn more.
