Single Close Construction Loans
Thinking of building your dream home? Learn more about single close construction loans by contacting Muncy Bank at 570.546.2211 or visit one of our locations to speak with an experienced lender today.
If building a custom home is in your future, Muncy Bank wants to save you money with a Single Close Construction Loan. Rather than closing once on a construction loan and again on a permanent home loan when it’s time to move in, a single close loan takes care of all the paperwork in the beginning and automatically transitions into a traditional mortgage. When you choose a single close mortgage with Muncy Bank, we’ll distribute funds to the builder as requested over the construction time frame. During the construction period, you’ll only pay interest on the funds that have been spent - not the entire loan amount. The benefits of a single close construction loan are numerous, including:
- You only need to qualify for one loan, one time
- Choosing your interest rate at the beginning mean no surprises when your house is finished
- You pay fewer closing costs because you only have one loan that needs a closing
- A single appraisal at the beginning of construction means no surprises before move-in
Local Knowledge, Personalized Loans
As your local real estate lender, Muncy Bank is proud to offer single close financing to our customers. We work hard to develop products tailored to the needs of our community. We’ll sit down with you for every step of the loan process and be sure that we’ve got the right loan program for you. You simply won’t find that at bigger banks. We’ve served the people and businesses of the greater Williamsport area since 1893, and we’re dedicated to providing personalized attention and unrivaled knowledge of the local real estate market.
When it’s time to invest in your dream home, Muncy Bank is your neighborhood real estate lender. A member of our team can help you choose the right lending solution for your needs. Learn more about single close construction loans by contacting a local Muncy Bank loan officer today, or by visiting one of our nearby locations.
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