What is a Home Construction Loan?
A home construction loan lasts for a maximum of 12 months and you are given a line of credit up to a specified limit. You submit “draw requests” to OKCU, and only pay interest as you go. Once your house construction is complete, you will transition to a permanent mortgage.
Experience Less Stress
Here are some reasons a construction loan is right for you.
You will have a dedicated home loan officer throughout the entire process
Check out our latest Okie Life blog articles to learn more about how you can do more with your money
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