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Refinance - Home Equity - 2nd Mortgage - Debt Consolidation - Home Improvement - FHA VA
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Popular Terms 30 yr Fixed
Construction Loans Advantages Many homeowners use construction-to-permanent financing programs where the construction loan is converted to a mortgage loan after the certificate of occupancy is issued. The advantage is that you only have to have one application and one closing. Depending on your view on interest rate trends, you could also purchase a rate-lock agreement valid through the expected completion of the construction. Just make sure you allow for the inevitable construction delays. A construction loan, unlike a mortgage, isn't meant to be around for a long time. If you're taking out a $200,000 construction loan for six months and you pay an extra 0.5 percent on the loan, it costs you an additional $250. (Assumes an average $100,000 loan balance over a six-month construction period.) You may be willing to pay a higher rate on the construction loan if you're doing construction-to-permanent financing and can get better mortgage terms or a longer, better rate lock from that lender.
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Virginia Construction Loans Construction Loans for Virginia Homeowners! We've Got Just The Right Loan, For All Types Of Virginia Homes Including Log, Timber Frame & Modular Homes Construction-To-Permanent Loans
Lot Loans
Remodeler Loans
Bridge Financing
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Mortgage Resources Mortgages 
Virginia Factoids Virginia played a pivotal role in the early formation of the country. Eight presidents were born here, including Washington and Jefferson. The state was named for Queen Elizabeth I of England (she was known as the Virgin Queen). Sir Walter Raleigh may have suggested this name around 1584. Flanked by the James River, Rappahannock River, Potomac River and Shenandoah River, the Old Dominion State is known for its world-class rafting and camping as well. The natural beauty from the Blue Ridge mountains to the Atlantic beaches make Virginia a great place to live!
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