Construction Loans are one of many products we are proud to offer our customers. We currently utilize a single closing style of construction loan commonly refereed to as a construction-permanent mortgage. This means once you sign at the closing you don’t have to worry about a subsequent closing. All fees and rates are locked in at the start, and once the construction phase is complete a normal payment schedule will begin.
Please contact Bill Scales at Boonville Federal Savings Bank if you have any questions