Whether you’re planning an addition to your house or building your dream home from the ground up, a residential construction loan from The First might be the solution. First National Bank & Trust of Newtown, with locations throughout Bucks County, offers loans for new construction or remodeling at very competitive rates.
Perhaps you’d like to sub-divide your property for a multi-home development. In that case, a residential construction loan would also be the appropriate way to finance the project.
For more information or to speak with one of our Residential Construction Loan experts, call 215-860-9100.
Do you need more living space but are concerned about selling your house in today’s challenging real estate market? Do you love your neighborhood and dread the thought of packing and moving? Then don’t move, consider putting on an addition using money from a residential construction loan.
A residential construction loan is often the best solution to pay for an addition especially when you do not have enough equity in your home to finance your project. With a residential construction loan, the bank uses the after completion value of your home (as determined by an independent appraisal) rather than the current “as is” property value. The appraisal would be based upon your building specifications and plans. By using the higher after completion value, you the homeowner can borrow enough money to complete the job.
For more information or to speak with one of our Residential Construction Loan experts, call 215-860- 9100.