Construction loans are short-term, interim loans used for new home construction. The contractor receives disbursements as work progresses. Contact a dedicated, experienced U.S. Bank loan officer to learn more about construction loans and to discuss current construction loan rates.
Charlotte County reported 4.8 percent of mortgages. "As we we enter the summer, the risk of hurricane and wildfire damage to homes increases as does the risk of damage-related loan default," said.
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A reverse mortgage is a type of loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their home into cash. The reverse mortgage program was developed to help retirees with limited income use the dollar value in their homes. No restriction is imposed as how reverse mortgage proceeds are used.
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The FHLBanks’ Affordable Housing Program (AHP) is the largest private source of grant funds for affordable housing in the United States. It is funded with 10 percent of the FHLBanks’ net income each year.
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