Construction to Permanent Key Features
Roll your construction draw loan into the final fixed mortgage term with one loan transaction
Variable rates up to a 12-month construction phase
Interest paid only on the outstanding balance drawn
Two Loan Closing Key Features
First closing at beginning of construction with interest-only payments
Second loan made at completion of home
Offers flexibility to adjust loan amount prior to second loan
Rate locks guaranteed at commencement of construction for end term with a float down option
Why United Bank
Our in-house construction specialist’s knowledge and experience ensures a streamlined and efficient process. Since we’re local, we’re easily accessible and able to be flexible in finding solutions. You and your builder will enjoy:
- Quick turnaround
- On-time closings
- Efficient process
- Local underwriting
- Dedicated construction specialist to handle draws
- Ability to direct deposit draws to any United Bank account typically within 24-48 hours of receiving property inspection related to the draw request
- Ability to pick up check at any of our branch locations
- Timely detailed communication throughout the process
Real Solutions for Real Life
Home Loan Process
Our mortgage lenders ensure you’re prepared on the journey to homeownership by walking you through every step.
View the process
View the process
Our Lenders
Your needs matter to us, so our lenders get creative and work quickly to come up with a solution perfect for you.
Home Insurance
You work hard for your home - so partner with United Bank to protect your investment and give yourself peace of mind.