![]() Department of Housing and Urban Development's website. No maximum loan limit when you meet construction loan guidelines. They offer the necessary funds and can convert to a traditional mortgage after construction. Up to 80 financing available with a down payment of 20 or more. Team United Home Solutions A Home Builder’s Guide to Understand Construction Loans Whether you’re building your dream home or developing real estate, you’ll need a construction loan. Telcoe Federal Credit Union offers affordable construction loans so you can build your dream home just as you like. for more information about buying a home, renting, default, foreclosure avoidance, credit issues or reverse mortgages visit the U.S. The Finer Details of Construction Loans in Arkansas. ![]() Terms and conditions are subject to change at any time without prior notice. ![]() If an escrow account is required, your actual monthly payment will also include amounts for real estate taxes, homeowner's insurance premiums, and/or Private Mortgage Insurance (PMI), therefore your payment amount will be higher than the example given. The stated monthly payment amount does not include taxes or insurance costs. An example of a typical 30-year fixed rate mortgage with a down payment of 20% is as follows: a loan amount of $250,000 with a note rate of 4.875% with an APR of 4.931% would result in a monthly principal and interest payment of $1,323.02. For fixed-rate mortgages, Annual Percentage Rates (APRs) are not subject to increase after consummation. Loans are subject to credit union membership, eligibility and verification of information provided on the application. Connect with us at on Facebook.*APR= Annual Percentage Rate. Membership is also open to employees of more than 400 companies located throughout the Midlands and relatives of those eligible to join. Membership is open to anyone who lives, works, worships, or attends school in Sumter, Lee, Kershaw, Clarendon, Florence and parts of Richland and Lexington counties. SAFE Federal Credit Union, founded in 1955, is one of the largest financial institutions based in South Carolina with over $1.7 billion in assets, 136,000+ members, and 18 branches. Irmo Chamber of Commerce President/CEO Kerry Powers, Town of Irmo Chief of Police Bobby Dale, and Buchanan Construction Services President Davis Buchanan were also in attendance. In attendance were members of SAFE Federal Credit Union’s executive team including, President/CEO Michael Baker, Executive Vice President/COO Keith Troup, Executive Vice President/CAO Alan Lewis, Vice President of Operations Jay Montgomery, Vice President of Marketing Bruce Copeland, and Board Members Helga Hamlin, Debbie Jordan, and Vern Disney. “We’re delighted for our Richland County members to enjoy the convenience this location in Irmo will bring.” It’s what many of our members expect and deserve,” said President and CEO Michael Baker. “There’s something special about the individualized, in-person service that a brick-and-mortar branch provides. “We’re looking forward to bringing the Family Helping Family difference to Irmo, Ballentine, and the surrounding area.” “The addition of this branch will allow SAFE to serve its growing membership in Richland County,” said Vice President of Operations, Jay Montgomery. It will serve the communities of Irmo and Ballentine while providing added convenience to members living in and around Richland County. Located on Broad River Road, the approximately 2,800 square foot branch is expected to open in late 2023 and will be SAFE’s 19th location. IRMO, South Carolina – SAFE Federal Credit Union broke ground on its newest branch located in the Irmo community of South Carolina on June 2, 2023.
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