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Construction “DIY” Loan
Do it yourself and let MBT help. Buy land and finance the construction with absolutely no money down with Monroe Bank & Trust’s Construction DIY Loans. You already know how to build your new home, we’ll just do what we do best: help you finance it.
Features and Benefits
- No money down with a lien on your existing residence.
- Creative financing techniques - MBT Blend-Wrap Mortgages allow construction to begin prior to sale of existing home.
- Refinance at a later date with an MBT loan that best fits your budget at that time.
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Your Know-How Meets Our Lending Power
When it comes to building, you know how to get it done right. You are a true “do-it-yourself-er.” For you, MBT's Construction DIY Loans can create the perfect foundation for your next home.
This smart financing option allows you to buy land and finance the construction with absolutely no money down. Zero! With an MBT Construction DIY Loan, we simply use your existing house as collateral and you’re ready to start building!
Plus, we can help you refinance your property at a later date - and at a competitive rate – through the MBT financing option that best fits your budget and needs at that juncture.
So grab your tools, get your materials… and contact an MBTeam banker today at 734-242-2204!
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*Mortgage Services provided by MBT Credit Company, Inc. a subsidiary of Monroe Bank & Trust. |
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