Building your own home is all-too-often fraught with delays, unexpected costs, and ongoing negotiations with contractors. To give you the flexibility you need to handle it successfully, United Mortgage’s construction loans are designed to help simplify financing during the home building process.

Construction loans operate as a hybrid between a line of credit and a loan. You close on the loan before construction begins, but you don’t pay interest until the money is disbursed, usually over a period of time. After the house is built the construction loan converts to a standard mortgage, without the need of a separate closing.

Benefits of a United Mortgage Home Building Loan

• Saves interest charges because you get money as you build
• One-time closing feature saves you hundreds of dollars in closing costs
• Available in both fixed and adjustable rates over a variety of terms