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Construction Perm Loan
So that you can worry less about financing and focus more on the details of your new home. In addition to long-term rate locks, we can offer a one-time close that helps clients save money by not paying two sets of closing costs.
Renovation/Repair Loan
This is similar to our construction offering, but is for the renovation or repair of an existing home; it features a "subject to" appraisal so that the value includes the proposed improvements. Draws are handled by Monarch directly to your builder.
Lot Loan
Building a new home can be an exciting prospect. Monarch offers land-only financing as the first step toward building your dream home or vacation getaway. Our Lot loan will allow you to purchase the lot while continuing the process of finalizing your construction plans.
Contact Monarch Mortgage Construction Perm Department for Pricing and Qualification Information.
Connie West
Vice President
Construction/Perm Manager
(757) 390-2225
cwest@monarchmtg.com
Latest News
- May 13, 2013
Monarch Bank Announces $75,000 Top Flight Award Winners - May 10, 2013
Monarch Increases Second Quarter Cash Dividends by 20% - April 23, 2013
Monarch Mortgage Partners with Rose and Womble Realty - April 18, 2013
Monarch Reports Record First Quarter Financial Performance - April 17, 2013
Monarch Financial Holdings Named to KBW Bank Honor Roll for Third Year in a Row - March 26, 2013
Monarch Announces Local Business $75,000 "Top Flight" Award Contest Semifinalists - March 6, 2013
Monarch Welcomes New Bankers Dennis Napier, Sherrie Newsome, Andrew Stone - February 21, 2013
Monarch Financial Holdings Announces Conversion of Preferred Shares - January 31, 2013
CEO Schwartz elected to Federal Reserve Bank of Richmond Board of Directors
