Down Payment Strategies for First-Time Home Buyers
The idea of buying a first home is exciting. Coming up with a sizeable down payment, however, can feel like an insurmountable task. That is especially true ...
Construction Loans
Build or remodel your dream home
If you’re planning to build a new home or renovate your existing home, come talk with your community bank. Salem Five’s local real estate development professionals are uniquely qualified to offer you the right mortgage loan plus sound advice on site selection, house design, local builders and management of the construction process. We've helped thousands of homeowners through this process, and we take pride in our knowledge, products, and commitment to customer service. We can help you with:
- Construction to Permanent Loans, with one-step permanent loan financing and attractive fixed and variable rate options
- Home Renovation Loans including a wide array of programs
- Modular Home Loans, a specialized loan program for the construction of modular homes
Helpful Calculators
Other Articles of Interest
How Home Construction Loans Work
Home construction loans provide families and individuals with the ability to finance new home construction projects ...
15-Year vs 30-Year Mortgages
What makes more sense financially for you, a 15-year fixed-rate mortgage or a 30-year fixed-rate mortgage? ...