Building Fine Homes... For Fine Families... 301 North Michigan Ave, Milford Michigan 48381
Construction Financing
How Do We Finance the Construction?

A Construction-to-End Mortgage Loan covers the cost of construction and then rolls over into a permanent loan. It is also possible to have this type of loan include the cost of your lot.

What Are the Benefits of Construction-to-Permanent Loan?
  • The ownership of the property remains in your name
  • It allows you to lock in your interest rate from the start of construction
  • With just one closing you save time and money
  • During construction you make interest only payments on just the funds that have been disbursed
  • Provides peace of mind with both you and the bank controlling the funds
How Are the Funds Disbursed?
  • The bank disburses money only with your approval
  • Draws are taken upon completion of foundation, roof, drywall, cabinet installation and after a certificate of occupancy has been issued
  • Documentation is provided by the builders that all subcontractors and suppliers have been paid in full for work completed before draw money can be paid
Contact Omega Homes For More Information:

Office: 248.685.2020      Mobile: 248.318.6042