Construction Financing
Thinking about building soon?
Start by speaking with a Centennial Mortgage Loan Originator.
We offer Construction to Permanent Financing up to 85% Loan to Value!
Benefits of a Construction to Permanent Loan
• No Origination Fee
• Single-close transaction, which results in less closing costs
• Lot Loan purchase and Construction Loan can be closed at the same time
• Qualified upfront to Investor Guidelines (FNMA/FHLMC/Jumbo)
• Re-qualified to Investor Guidelines upon completion and modified from an ARM Rate to a Fixed Rate
• Loan is closed as a 5/1 ARM, with a 12, 18, or 24 month Interest Only period during construction
• In-House Underwriting, Processing, Closing and Construction Administration
• Borrower and Builder-friendly draw process
Centennial Bank’s Physicians Progra m
In honor of your dedication and strong commitment to your profession, we are offering a customized loan program for you.
PROGRAM HIGHLIGHTS
• Up to 100% Financing for Primary Residence*
• Purchase or Refinance*
• Construction or Renovation Loans*
• Mortgage Insurance Not Required
• Second Home Financing Options Available
ELIGIBILITY*
• Medical - MD
• Osteopathic - DO
• Podiatric - DPM
• Dental Surgeon - DDS
• Dentist - DMD
• Optometrist - OD
*Restrictions apply, consult your mortgage loan originator for additional details. All products herein are subject to credit and property approval. Program terms & conditions including interest rates, annual percentage rates (APRs) and points or fees are subject to change without notice. Your APR will vary based on your final loan amount and applicable finance charges. Not all products are available in all states or for all amounts; consult your mortgage loan originator for additional details. There are no restrictions to the length of time since the medical professional has completed their residency.
Centennial Mortgage A nity Program
Bene ts
Qualified borrowers can receive $1,025 in lender credit applied toward origination charges. This credit must be applied prior to other credits.
Law Enforcement
Full-time law enforcement employees serving in local, state or federal agencies. This includes police o cers, state troopers, deputies, dispatchers, probation o cers, detectives, administrative sta , etc. Exclusions: Temporary employees, contract employees, part-time employees.
Emergency Medical Services
Full-time employees serving in federal, state or local government emergency medical department or a private EMS department. Eligible workers include: emergency medical technician, licensed paramedic, emergency care attendant. Exclusions: Temporary employees, contract employees,, part-time employees and volunteers.
Fire ghter
Full-time employees serving in federal, state or local government firefighting agencies. Examples of eligible workers include: firefighter, fire educator, fire trainer, fire inspector, arson investigator, fire administrator. Exclusions: Temporary employees, contract employees, part-time employees and volunteers.
Nursing
Full-time and licensed or certified employee providing nursing at a: Public or private hospital or public or private practice clinic, Contract nursing, i.e., travel nursing care or home health nurse. Examples of Full-time employees include: Registered Nurse, Licensed Practical Nurse, Nurse Practitioner, Nurse Anesthetist, Nurse Manager, Physician Assistant, Nursing Assistant (CNA). Exclusions: temporary employees, part-time employees and volunteers.
Education
Full-time public school district employees and full-time state or federal accredited private/ charter school employees are eligible — including teacher, nurse, librarian, guidance counselor, janitor, cafeteria sta , teachers aide or administrative employees. Exclusions: substitute or temporary employees or academic levels beyond high school.
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