Construction Loans
Sometimes you can't find the perfect home...so you build it. Construction finance is a specialized field. To best serve our members' needs, we collaborate with an expert construction consulting firm, Ontarget Systems.
Ocean Communities and Ontarget Systems partner to create a smooth, easy construction project from start to finish. Your construction loan converts to a residential mortgage without a second closing. All loans are locally approved, originated, and serviced, providing you with ultimate personal attention.
- Summary
- Personal service through every step
- Construction loan packet at start to outline process and provide forms
- Up to six months to complete construction
- Interest charged only on funds used
- Prompt payments to builders, subcontractors, and suppliers
- Construction loan converts to residential mortgage at completion
- Quick, local decisions
