A Construction Loan and a Mortgage, All in One
Amboy's One-Time Close Construction Loan provides individual homeowners both a construction line and permanent loan in one easy closing. You no longer have to pay for two closings or search for multiple lenders!
Leverage our single family construction expertise. We take the time to explain in detail the construction phase and our permanent loan options. And, as the loan progresses, you will be working with a team that has supported personal home construction for over 50 years.
- Quick commitment
- You only pay one closing for both loans
- Free permanent loan rate lock at origination
- Work with knowledgeable bankers
- Amboy keeps loan in portfolio
What projects are best suited for a One-Time Close Construction Loan?
A construction loan can be as unique as your home. Some projects that are good candidates for our construction loan are:
New Home Construction
Home Renovations
-
A purchase of an existing home that requires renovation
-
Significant renovation of ayour current home, such as a second-story addition
Looking for additional information? Submit an inquiry to our team of Mortgage experts.
About Amboy's Home Loans
If Rates Go Down, Simply Change Your Rate
Other banks require a refinance to change your rate, which entails a lot of paperwork and fees. At Amboy, you can modify your rate at any time with just a phone call.
Don't Worry About Rates Rising Before You Close
Your rate is locked in for 60 days. This could save you a substantial amount of money if rates go up during the mortgage approval process.
We Keep and Service Your Loan
We don't sell our loans, which means if you have questions or concerns at any time during the life of your loan, you'll always know where to find us.
Personalized Advice from our Local Team of Home Loan Experts
When it comes to home financing, one size doesn't fit all. Our local, non-commissioned experts take the time to understand your unique goals and guide you every step of the way with honest advice and tailored solutions.