Zions has a seamless Bridge/Construction Loan

Apr 20, 2021
1:44:24am

SwanSong All-American

I have a client building a cabin in Utah and that’s who they said is doing the loan

You don’t want the single close loan it seems, unless you can lock in the permanent loan interest rate during construction. Rates could go up and might not qualify, cost more etc

zionsbank

Home Construction Loans

Zions Bank offers a variety of home construction loans, including one-time closing loans, to help you build a dream home as unique as you are.

https://www.zionsbank.com/personal-banking/home-loans/home-construction-loans/

See Real Estate section

Wikipedia

Bridge loan

A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. It is usually called a bridging loan in the United Kingdom, also known as a "caveat loan," and also known in some applications as a swing loan. In South African usage, the term bridging finance is more common, but is used in a more restricted sense than is common elsewhere.

https://en.wikipedia.org/wiki/Bridge_loan[https://en.m.wikipedia.org/wiki/Bridge_loan]

This message has been modified

Originally posted on Apr 20, 2021 at 1:44:24am

Message modified by SwanSong on Apr 20, 2021 at 1:48:21am