A construction loan is a special loan used to finance the costs of the construction of a home. Loan proceeds are advanced and disbursed as needed to pay for the expenses as they are incurred with accompanying processes to ensure that at the end of the construction phase, you are ready to put into permanent financing.
No origination fee on the long-term loan IF your construction loan was with First Citizens Bank (After initial construction loan you must apply and qualify for the long-term loan. Normal credit standards apply.)
Rates subject to change. Special credit standards apply to this product. Residential home loans only. Other residential construction programs are available. See a home loan expert for complete details. Not for use with investment property. 6.375% rate requires a minimum 740 Beacon score, 80% maximum total loan-to-value, and a debt-to-income ratio of 38% maximum. First Citizens Bank Checking Account required. Equal Housing Lender. Member FDIC.
*APR is Annual Percentage Rate
Ryan Venz
VP, Real Estate Lending Officer
NMLS ID: 1633623
Location: Charles City
641-257-5052
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Gene Rosenbaum
VP, Lending Officer
NMLS ID: 401695
Location: Clarion & Kanawha
641-494-5822
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Kelly Rush
VP, Real Estate Lending Officer
NMLS ID: 401697
Location: Mason City West
641-380-3326
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Adrian (Abe) Hackman
AVP, Real Estate Lending Officer
NMLS ID: 400193
Location: Mason City West
641-380-3347
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Jill Fibikar
AVP, Retail Supervisor
NMLS ID: 2587805
Location: New Hampton
641-494-5863
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Trever Olsen
VP, Senior Lending Officer
NMLS ID: 1314367
Location: Osage
641-494-5872
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Elizabeth (Beth) Brandt
AVP, Lending Officer
NMLS ID: 1253808
Location: Mora, MN
320-209-6403
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Paul Gilbertson
AVP, Lending Officer
NMLS ID: 2401235
Location: Mora, MN
320-209-6424
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