At First United Mortgage we can help you with your dream of building or renovating your dream home.
What options does FUBM offer for constructing a home?
For a new construction, First United offers two different programs:
- Interim Financing of the construction loan followed by a permanent mortgage
- One-Time-Close mortgage that combines the interim mortgage with a permanent mortgage
Your Mortgage Loan Consultant can help you determine which product works best for you.
What options does FUBM have for renovating your current home?
When renovating your home, FUBM can combine the One-Time-Close product mentioned above with a refinance of your existing loan balance to allow for you to include renovations costs in a first lien mortgage.
First United Bank also offers true home improvement loans that are typically 2nd liens designed to cover the costs of renovating your home. This product is done through the Bank Commercial Loan Officers.
What makes FUBM different from other banks offering construction financing?
At FUBM we offer all of the expertise of the construction process within the Mortgage Group along with very competitive products. From the beginning stages of approving the home project to the final stage of converting or modifying your construction loan into a permanent mortgage, the same Construction Lending Division handles your loan.
This creates a consistent experience from the beginning to the end and sets FUBM apart from the competition.
Contact your First United Mortgage Loan Officer today and find out how we can help you build or renovate your dream home!