Looking to build and lock in a fixed interest rate for the life of your loan? Cincinnatus can finance the construction of your single family owner occupied home, at up to 80% of the cost of construction plus the value of your lot, with a competitive interest rate and closing cost. We accomplish this by first allowing a full 12 months for your home's construction phase, while you pay only the interest due monthly on the principal amount of your loan that has been advanced to date. And second, we schedule you to begin making monthly amortizing principal and interest payments immediately following the construction phase. Both phases of your loan are accomplished with a single closing at the outset, thereby limiting any change in your interest rate or the addition of secondary closing costs. Contact one of our experienced Loan Officers to get a quote on an interest rate and closings cost.

Cincinnatus can finance the construction of your single-family residence if you want to be your own general contractor. However, you must demonstrate you have the experience and/or the ability to complete the home construction on time and on budget. We would require your building plans, a list of the subcontractors and all bids for labor and materials for the building project. Building your own home and/or being your own general contractor can be a rewarding experience, but it also takes a lot of time and effort. We advise anyone to think long and hard to be sure they are up to the challenge of being the general contractor.

Cincinnatus also makes bridge loans to allow you to use the equity in your current home to help finance the home you are building. Another benefit of a bridge loan is that it allows you to make the timing of selling your current home along with the completion of your new home easier to manage. Since you pay interest only during the construction period, most people can afford to make their current house payment along with interest payments on the construction loan. As the newly constructed home is being built it is easier to predict when it will be completed and you can market your current home accordingly.

At Cincinnatus we make Construction Loans easy and affordable. For more information call us at (513) 661-6903 or toll free at (877) 661-6903 or email us Loans@Cincinnatussl.com.





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