If you’re ready to go from imagining your dream home to building your dream home, you’ve come to the right place! Count on the lending experts at Fox Communities Credit Union to walk you through your choices and help you find the loan that best suits your needs.
Our construction loans are single-close, which means you only pay closing costs once, and your construction loan converts to a regular mortgage, once building is complete.
Fox Communities Credit Union’s single-close construction loans come in the following options: 5/1 or 10/1 Adjustable Rate Mortgages (ARM) Programs, or a 15-year fixed rate mortgage. Any time after construction is complete, you can opt to refinance and switch to one of our other fixed-rate mortgages.
View the Daily Rate Sheet for all home loan options, details and disclosures.
Rising home loan interest rates can be a costly impact over the life of a loan. That’s why we want to help take the extra stress out of building your new home by offering you the option to lock your rate during home construction.
We suggest starting the rate lock when you begin framing your home. If the rate lock happens to expire before construction is complete, we can work with you to continue your rate lock.
We make getting a loan to build a house easy. For as little as 10% down, start building the home of your dreams with our single-close construction loans.
Getting a loan to build a house is simple with Fox. Contact us today!
In addition to the paperwork and documents required for a typical mortgage, Fox will also need to review and approve your builder.
Your Fox loan officer will provide you with a complete list of required documents and will be happy to answer any questions you might have about the process.
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