Construction & Mortgage Loan
Combine your home construction project into one, easy closing.
Building your home from the ground up is much easier when you have local experts right around the corner to help you through the process. Transition from the construction phase to the "living phase" quickly and easily with the help of The First National Bank of Beeville.
Enjoy the convenience of a one-time close loan that makes building or renovating easy!
- Enjoy the convenience of a one-time close loan
- Pay settlement closing costs only once
- Use funds for renovations or new home construction
- One-time close construction to permanent residential loan
- Competitively low rates for your home construction project
- Available for primary residence or second home construction
- Provides more convenience, especially toward the end of the construction phase and the beginning of permanent mortgage
- Pay off interest quicker; payments are interest-only during construction phase
- Payments are made on the amount drawn on your loan sufficient to pay your builder
- Construction draws applied in stages based on work completed
- Enjoy local, personalized service