Building to Last
Building your new home is easier with First Federal Bank of Kansas City
Choosing to build a new home is an exciting event for any family. At First Federal Bank, we’ve been helping families build new homes for nearly 85 years. Today we are proud to present the Construction Plus Home Financing solution, which makes building a new home easier than ever!
Unlike “construction-to-permanent” loans from other lenders, Construction Plus financing eliminates most of the hassles and complexity of building a home:
· One-Time Close -
You close on your home before construction begins, which saves money and allows you to deduct mortgage interest from your taxes immediately. Consult your tax advisor for details
· Avoid duplicate closing costs -
Since the construction loan and mortgage are one and the same, you will not pay another set of closing costs once your new home is complete
· Stress-Free Building -
You and your builder agree on a price up-front, and we take care of all the building expenses for you, which eliminates the stress and hassle of managing the building process alone
If you’re in the market to build a home, contact Chris Miller, Senior Mortgage Banker, at First Federal Bank today. He will help you create a financing solution that works for you…and your new home!