arizona construction loan

The actual rate and APR will vary based on your credit history, property location, loan amount, loan term, discount points and other finance charges, and may be different than the rates displayed here. Rates shown are subject to change without notice. Other products and terms are available. Additional fees, conditions, and restrictions may apply.

Construction loans are short term and max out at one year. This loan makes sure. You will then pay off the construction loan with the newly acquired mortgage. VIP Mortgage's. E Via de Ventura Scottsdale, AZ 85258 | Office: (480) 966-0919 .

A construction loan is typically a short-term loan used to pay for the cost of building a home. It may be offered for a set term (usually around a year) to allow you the time to build your home. At the end of the construction process, when the house is done, you will need to get a new loan to pay off the construction loan – this is sometimes.