Rebate on Closing Costs
- 50% of the loan documentation fee refunded to builder
if First Federal provides Mortgage financing
to the buyer of the home
- Builder’s closing costs on financing transaction can be minimized
Deferred Interest
- First interest billed 6 months after loan closing and
semi-annually thereafter
- Home may be sold before first interest payment is due
Financing Up to 100% of Construction Costs
- Loan amount based upon 80% of appraised value of
lot/house
- Builder’s equity requirement is significantly reduced
Contact us at (812) 492-8227 or
e-mail us for more information.
