Community State Bank (WI) offering New Construction Loan 1.99% for 12 Months

Community State Bank logoBuying a home comes with many considerations, including the location of the property, the age of the home, and the resources available to make the dream a reality. For some buyers, the thought of owning a brand new home is intriguing, given the control over the design and layout of the interior and exterior. Finding the right builder is one thing; making sure the financing is in order is another altogether. Several financial institutions offer special financing solutions for homebuyers interested in building, not just buying.

The Offer

Currently, Community State Bank is offering a construction loan special for individuals interested in building their next home. With the construction loan, borrowers may qualify for 12 months of promotional financing on a construction loan, with interest rates as low as 1.99%. The loan special only requires interest payments, not principal, during the first 12 months, after which time the borrower must refinance into a permanent loan solution.

Prospective buyers looking to build a home must have a minimum of 5% as a down payment for the home, and they must meet certain credit requirements to qualify. A review of income, credit history, credit score, and debt-to-income is part of the loan approval process, but Community State Bank offers fast and free approvals once the information has been received. Borrowers may contact Community State Bank by phone to submit an application, or they may visit a branch location to start the process.

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About Community State Bank

Headquartered in Union Grove, Wisconsin, Community State Bank has been serving members of its community since 1989. The bank offers a variety of financial products and services, including home and construction loans, certificates of deposit, IRAs, savings and checking accounts, and personal and loans. In addition to personal banking, Community State Bank also provides services to business owners in the community, along with investment advice. The bank operates seven full-service branch locations and several fee-free ATMs.

Prospective homeowners interested in the construction loan special offered by Community State Bank may gather additional information or apply by visiting any branch location, contacting a loan specialist at 1-262-878-3763, or by visiting the bank online.

Posted on December 6, 2017 by in Mortgages,

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03/02/2018