Are you building a custom home or are you thinking about building a home? Maybe you have been dreaming about a vacation or second home? The Consumer Resource Guide is designed to guide you through the construction loan process and leave no question unanswered. Click the One Time Close link to begin an education process not found anywhere else, or contact one of our construction loan professionals.
If your builder referred you to National City Mortgage for an OTC loan, they have pointed you in the right direction. If you found us on your own, then you can introduce us to your builder and they will be grateful to you for a very long time. It¿s because National City Mortgage is one of the top construction lenders in the nation. Our program makes it easy to make your dream home a reality today. Here are just a few reasons why:
Secure your earnest money deposit and other required deposits and down payment with title to the property.
Reduce your initial cash requirements with our aggressive loan-to-value guidelines.
Finance all desired upgrades directly into the loan. No need for large cash deposits.
Eliminate risk during construction due to unforeseen events because you qualify only once and close your loan before construction starts. No paperwork updates required.
Eliminate interest rate risk because National City Mortgage caps your interest rate so you know the maximum rate of your loan no matter what the market does.Even better, float your rate down if the market improves.
You close only one time. There is no need to update personal financial documents when the home is done or during construction.
National City Mortgage works closely with your builder during construction so you can sit back, relax, and carry on with your normal activities.
You do not need to sell your current home before you can start construction on your new home.
Enjoy unprecedented service from an experienced construction lender dedicated to meeting your needs.
Choose from a wide variety of products to meet your specific financial situation and goals.
