- Protect against rising interest rates for up to 12 months during construction adatext
- Enjoy a one-time “float down” option to lower the interest rate or discount points, or both adatext
- Choose from a variety of financing options
Depending on your situation, you may need to get a separate construction loan while your home is being built, and then transfer to a permanent mortgage with Bank of America for end financing when your home is complete. By locking in your long-term rate with us, you'll know what your final mortgage interest rate and payment will be.