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Construction Mortgage
With a St. Lawrence Federal Credit Union Construction Mortgage, the member has one year to complete the construction project. During construction the member pays interest only payments on the loan. At completion of the construction project and final inspection we convert the loan to permanent financing.
St. Lawrence Federal Credit Union’s Construction Mortgage Features
New construction
Refinancing with improvements
Purchase of existing home with improvements to be made
Our In-house First Time Home Buyer program can be used with construction loans
Escrow for taxes and insurance upon permanent financing
For more information about our Construction Mortgages, please call (315) 393-3530 or visit one of our friendly Mortgage Loan Officers at any branch.