Land, Construction & Mortgage Loan

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
 

LOAN FEES

  • 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

HELPFUL INFORMATION

  • 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.

INFORMATION NEEDED

  • 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

© 2018 Blackhawk Bank. All Rights Reserved.
Contact Us| Website Privacy & Security| Bank Privacy Policy| NMLS # 417001
McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scamsMortgage Company Websites - Powered by Lending Manager