Personal Touch >> Home Loans >> Construction to Permanent Mortgages

• Rates are extremely competitive
• Acts like a line of credit during construction, charging interest only as you use it, and converting to an adjustable rate mortgage once the house is built
• Same rate maintained for construction and permanent phases for up to 7 years
• Interest rates can be locked in for 45 days from the date of application
• Flexible draw during construction allows for easy access to funds as needed for builder and borrower
• Inspections handled quickly and internally, often completed on same day as requested
• Customers receive monthly statements for interest due during construction, which may be advanced against the line if desired
• No unnecessary fees, just a simple 1.00% origination fee
• Single closing to keep things as easy as possible
• Payments can be made in person at either branch office, by mail, or by automatic deduction from a Roxboro Savings Bank checking or savings account*

*Automatic deductions can also be made from accounts at other financial institutions