Construction Perm Loan
Excellent credit required
Builder must receive prior approval
Interest-only rates during building phase
9 and 12 month construction terms
Please call 205.994.6052 for more information
Renovation Mortgage Loans allow borrowers to purchase a home and finance remodeling or renovations costs into the mortgage. The home must be the borrower’s primary residence – not an investment property and renovations cannot be more than 50% of the home’s value. Credit requirements are similar to conventional mortgage loans.
Renovation loans are a great option for purchasing a fixer-upper home. Contact us for more information on the renovation loan requirements to find out if this is an option that meets your renovation needs.
Benchmark Mortgage Southeast Partners | 100 Concourse Pkwy Suite 130 | Hoover AL 35244 | 205.994.6052
@2020 Ark-La-Tex Financial Services LLC, NMLS# 2143, dba Benchmark Mortgage | NMLS Consumer Access