Construction Loan
Planning on building your dream home? With our construction loan, we will be with you every step of the way, from acquisition of the land, to the final permanent financing solution. During the process, we will monitor the progress and provide funds to your contractor. Talk to us today if you are considering a construction loan.
-Low interest only payments during the construction period
-Flexible terms for the permanent financing
-You may be able to include land purchase in the mortgage amount
-We can finance the land purchase prior to building your new home
-Potential to use land you already acquired for the down payment
Normal credit and underwriting approval is required. Private Mortgage Insurance (PMI) applies if loan-to-value (LTV) is greater than 80%.
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Buying a home is a big investment in your family's future. Uwharrie Bank Mortgage is here to make it the best experience possible. Whether you're purchasing new property, refinancing, buying an investment or vacation home, Uwharrie has a financing plan that will get it done.
A traditional loan with an interest rate that stays the same for the entire term of the loan.
This loan offers a lower introductory interest rate that adjusts after the initial period.
A jumbo mortgage is a home loan that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac.
This is an affordable government-backed loan with a low down payment and flexible credit requirements.
Insured by the Department of Veteran Affairs, this program is for qualified veterans and military families.
A loan offered by the U.S. Department of Agriculture, featuring 100 percent financing for qualified homebuyers.
Uwharrie Bank is committed to helping customers in our community achieve successful homeownership. We have many programs designed to provide solutions to first time homebuyers, including many affordable housing options.
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