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Other Kerrville &
Hill Country Sites

One-Time Close Construction
Home Purchase Plus
Refinance Plus

One-Time Close Construction:

• Lock in mortgage rate up-front before construction is complete
• Loan pre-approved and closed before construction begins
• Gain tax deductions from interest paid during construction (Wall Street prime plus 1% with 1% construction loan fee; +2% with no construction loan fee)
• Up to 90% Loan-To-Value
• Construction interest billed monthly on funds drawn
• Construction period up to 12 months

Home Purchase Plus:

• Purchase of home plus additional improvements
• Loan closed up-front before improvement begun
• Draws disbursed to contractor as work completed
• Construction periods up to 12 months
• Interest-Only payments on funds drawn during construction

Refinance Plus:

• Refinance existing loan plus additional improvements
• Loan closed up-front before improvements begun
• Draws disbursed to contractor as work completed
• Construction period up to 12 months
• Interest-Only payments on funds drawn during construction

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