AOD Federal Credit Union now offers Construction to Permanent Home Loans.
- One loan
- You pay only one set of closing costs
- Periodic disbursement of funds throughout the construction phase
- Interest only payment after the first disbursement based only on the amount advanced thus far
- Construction loan moves to perm automatically after 12 months
- Must have “Lock and Key” contract with State Licensed, Credit Union Approved Builder.
For more information, please contact a credit union representative today!