Looking to build? Cincinnatus can finance the construction of your single-family owner occupied home. Cincinnatus can finance up to 90% of the cost of construction and lot value. Cincinnatus makes construction loans easy, you only pay one closing cost and all draw fees are included. Closing costs for construction loans start at $1,500.00 in Hamilton County in Ohio. This includes 4 draws during the construction period. Closing costs for surrounding counties are typically $150.00 higher. We can make a construction loan a fixed rate loan or an adjustable rate loan. Your interest rate is locked in (if you choose a fixed rate loan) during the applicable term of your loan type including the construction period. During the 12-month construction period the borrower pays interest only on the amount of money disbursed from the construction loan account. At the end of the construction period principal & interest payments begin.

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 for the construction of their home.

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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