Whether you’re planning an addition to your house, renovating an outdated kitchen, or building your dream home from the ground up, a residential construction loan from The First might be the solution. The First National Bank, with locations throughout Bucks County, offers loans for new construction or remodeling at very competitive rates.
For more information or to speak with one of our Residential Construction Loan experts, call 215-579-3409.
Why Move When You Can Improve?
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 or renovation 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 215-579-3409. Loan is subject to credit approval.
Related Blog Articles
Want to learn more about home improvement and construction loans? Read some of these helpful articles from our blog or contact us today!
- A Guide to Building or Improving a Home in Bucks County
- Which Home Improvements Can Increase Resale Value?
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