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Lot & Residential Construction Loans
Lot & Residential Construction Loans
Dream Big. Let SESLOC help.
These real estate loans are used to purchase property and build the home you’ve always wanted. From the ground up, SESLOC can help make that dream house yours.
Lot Loan
This adjustable rate loan has a 15-year term to keep payments more affordable.1 It also offers a 1% annual rate cap / 5% lifetime rate cap.
Rate Index: One Year Constant Maturity Treasury
Construction Loan
A fixed rate loan for construction of principal residence, with terms up to 12 months2 and a convenient payment reserve plan available. It also offers interest-only payments on funds disbursed.
Additional products and/or rate options may be available. Contact a Mortgage Loan Officer near you for more information.
Click the rate or APR to see a payment example.1
1 Refer to our Payment Calculator to estimate additional payment examples.
Construction Loan Fixed Rate
March 28, 2023
Rate: 9.00% (APR 15.322%)*
*APR = Annual Percentage Rate
2. Payment Example: For a fixed rate loan in the amount of $750,000, with an interest rate of 9.00% (APR 15.322%), the interest-only estimated monthly payment with full disbursement for a 30 day month would be $5,625.00. Payment examples are based on a set of loan assumptions and are for illustrative purposes only and exclude taxes and insurance. Actual rate, APR and payments will vary based on final loan terms and may be higher.
APR = Annual Percentage Rate. Rates are subject to change without notice. Loan terms based on credit history and other underwriting criteria and subject to credit approval. Loan terms and conditions subject to change without notice.
Ready for the next step?
Review our handy documentation checklist and application how-to. Or, get started with a pre-approval or free consultation using the forms below.
Get Pre-approved or Apply Now
New & Improved Mortgage Application, Beginning October 17, 2022
Select your preferred branch or Mortgage Loan Officer:
Need more info?
Let's chat.
Request a complimentary consultation with one of our Mortgage Loan Officers. Whether you want to purchase a home, refinance your mortgage or just check out your options, we're here to here to help you make informed decisions. Simply fill out our form and we'll contact you shortly.
There is no obligation to join SESLOC or apply for a loan. By submitting this form, you agree to receive email communications from SESLOC and phone calls if this preference is indicated. You can unsubscribe at any time.
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