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If so, a construction loan may be right for you. Construction loans are short-term, interim loans used for new home construction. The contractor receives disbursements as work progresses. Contact a dedicated, experienced U.S. Bank loan officer to learn more about construction loans and to discuss current construction loan rates. find a loan officer
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Yes, RBFCU construction loans are for new construction on property you own, not for construction being completed by a builder (in a new subdivision, etc.). If you are seeking to finance a loan of that type, you may want to consider a traditional mortgage loan.
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Roberts’ empire shows signs of stress – Among them is Josiah Cox, co-owner of Trumpet Builders, who said the brothers got caught short. In late 2008, with the building under construction, Steve Roberts said residents would arrive in.
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