We just applied for a construction-to-perm loan with local bank (had prev mortgage).
Me
689 TU
688 EQ
700 EX
DW
689 TU
701 EQ
707 EX
We were approved for no $ at closing on 240k loan.
Construction interest fixed @ 6.325% for up to 9 mths.
The perm has a cap of fixed 6.875% but we can float down within 15 days of completion
at no extra charge if rates are lower.
