What Now for Home Equity?
The recent tax law changes have many homeowners and home buyers more than a little nervous ...
What is a Secure Browser?
Our secure browser is a convenient gateway to applications provided to our commercial clients. It offers the confidence of layered protection through secure site access, malware prevention and one-time passcodes delivered via text.
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Construction & Renovation Mortgages
Build or remodel your dream home
Whether you’re building a brand-new home—including modular construction—or restoring that fixer-upper, you’ll find a wide array of mortgage and loan options at Salem Five.
- We combine construction loans (usually 3-12 months) and mortgages as a single loan with one closing, saving money and time—the mortgage kicks in when construction is complete
- The federal 203K Renovation Loan program covers home improvement, repairs and fix up. Complete your renovations after closing by using a portion of the loan proceeds for improvement costs
- We offer a specialized loan program for the construction of modular homes
Other Articles of Interest
Estimating a Home's Market Value
Whether you are preparing to buy a home or sell a home, it is essential to determine its market value so you can make ...
Finding the Right Home
Buying a home is an important decision. In fact, it will probably rank as the biggest purchase you ever make ...