Build Your Dream Home with Azura
The first step toward your dream home is securing a construction loan that is as unique as your vision. Building a home is a unique opportunity to create a living space that mirrors individual tastes and lifestyles. Unlike buying an existing property, constructing a home allows for complete customization, from layout to finishes.
Discover the Benefits
A construction loan offers several benefits for individuals looking to build a new home or undertake significant renovations.
Competitive, Fixed Rates
Enjoy the security of knowing your interest rate will not change.
Budget Friendly
Enjoy interest only payments during construction.
Draw Process
Funds are released in increments as construction milestones are reached. This ensures that you have the necessary funds at each stage of the project.
Ownership Control
Building a custom home allows for greater control over the design and layout, ensuring that the finished product aligns with your preferences and lifestyle.
Other Features:
- Up to 12 months to complete construction
- Maximum loan to value is 85% of as-completed appraised value
Simply apply online to start your home building journey. We're ready to help you pave the way!
Construction Loans
Effective Date: Wednesday, November 20, 2024
| Loan Type | LTV | Rate | APRT, as low as |
|---|---|---|---|
| Custom Construction | up to 85% | 7.50% | 9.58% |
T APR = Annual Percentage Rate.
- Rate and term are subject to credit approval.
- Origination fee of $1,000
- Interest only for up to 12 months
- Rates quoted above based on $150,000 loan amount
- Rates are effective as of the date stated above and subject to change daily without notice
- APR's based on 15 days of prepaid interest, please call Azura for further explanation
Go Above and Beyond with Azura
Land Loans
