New Century Bank is the leader in financing Post Frame Commercial and Residential Homes and Buildings.
Smucker’s Builders provides more than great homes and barns. We provide the best solutions for your building experience. Construction and permanent mortgages are an important part of the process of building a home or shop. So, we have found a lender in New Century Bank that can make the difference and make your hope a reality.
Positive Approach
New Century Bank’s positive approach to post frame building construction loans is unlike any bank in the industry.
Terms & Features
New Century Bank offers terms and features such as low-down payments for homes and client managed projects.
Construction Loans
Every construction loan is followed immediately by the best mortgage available in the industry. No one has more resources than New Century Bank.
Every Aspect of The Process
Construction loans that incorporate every aspect of the building process, land purchase included in the construction process, utilities, foundations, home and all interior finish and garage and other amenities.
Helpful Loan Officers
Post Frame shops and garages
Commercial Shops or residential garage construction mortgages with 12 month interest only payments until your project is complete. After completion the construction mortgage is refinanced into a permanent mortgage with payment schedule up to 30 years. Commercial and business projects will require a first mortgage. Consumer residential garage / shop and equine can be a second mortgage equity loan with the value of the new building added to your existing value prior to construction. This preserves client cash and utilizes the equity from the new structure.
Post Frame Home Construction Mortgages (Barndominiums or Shop-Homes)
New Century Bank has completed thousands of construction mortgages nationwide. They offer low fixed rate conventional mortgages with Fannie Mae interest rates. New Century also offers loans for not only primary residences but second homes as well. Also specialized mortgages for unique construction design, multiple residences on one property and large acreage properties up to 160 acres. You can speak to an experienced loan officer who will explain each aspect in the process of building your dream home with a simple phone call.
Down payment requirements
Land Equity can count towards your down payment. New Century Bank also offers solutions to help you buy land and build in the same transaction. If your down payment is tied up in equity in your home, New Century bank has options to let you live in your existing home while you are building.
How do I get started?
The best way to begin the process is to give New Century Bank a call at 785-532-9066 and speak with a loan officer about the process of financing your project. If you wish to apply immediately you can go directly to www.newcenturybankna.com and find the application on the main page under Resources: Apply Here (Construction Pre-Qualification form). There is also a link below with the application to begin financing your dream.
