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Construction-to-Permanent Loan |
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If you have your plans, land and contractor all lined up, you can bundle your loans by doing a construction-to-permanent loan. The main benefits from using a construction-to-permanent loan program are that it reduces the number of loan applications and closing costs because you have only one closing which saves you time and money. With our construction-to-permanent loan program, you should also have the ability to lock in a mortgage rate today. We will finance up to 80% of the land and construction costs. Because we are local we will allow you to be your own general contractor and our experienced team of construction specialists will help guide you through the construction process
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Naugatuck Valley Savings and Loan offers financing on properties located within its lending area. |
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Land Loans for Residential Construction |
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Our land loans are designed to assist those borrowers, who aren’t ready to begin construction at this time, and as such are not ready to obtain a construction loan, but will be ready in the near future. Please inquire for terms available.
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Naugatuck Valley Savings and Loan offers financing on properties located within its lending area. |
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