Building? Get Blackhawk’s 'Construction to End-Loan’ Advantage
From finding the perfect land, to ground-breaking to move-in, you’ll get special advantages when you obtain your lot, construction and end-loan (permanent mortgage financing) from Blackhawk Bank. Extended lock options are available on your permanent financing.
LOW, LOW INTEREST RATE
Ask for current rates
VARIABLE TERM CONSTRUCTION LOANS
- Standard Closing Costs Apply Plus 1 Refundable Point
- Refundable Point - Blackhawk Bank will refund 1 Point to you at the time of your permanent mortgage closing with Blackhawk Bank
- You may borrow up to 95% of the total land and construction cost.
- The land purchase is the first payout on the construction loan, thus paid for at closing.
- Both the construction loan and the permanent loan are approved simultaneously.
- To reduce interest expense, funds from your down payment will be used prior to accessing the funds of the construction loan.
- All payouts will be made through a title company.
- All projects must utilize an established Building Contractor.
- Signed, Sworn Statement for Contractor
- Copy of Plans and Specifications
- Builder’s Risk Insurance
- Signed Construction Contract
- HUD-1 Settlement Statement / Closing Disclosure for Purchase of Lot