Construction Mortgage Loans by Residential Wholesale Mortgage, Inc

Building a new home or remodeling requires careful financial planning. We have a variety of programs and options to make the home of your dreams come true.

Builder and Construction Home Loan
Need funding to build a dream home, remodel an existing home or develop a lot to its full potential? We can help you make it happen without the headaches and hassles. Choose from a full selection of innovative construction home loan programs and remodeling options. Our construction home loan programs can take you from lot acquisition, through construction, to permanent financing in one seamless process.

	A variety of fixed and adjustable rate programs to meet your needs
	Affordable interest rates including interest only options
	High loan to value on land acquisition, including large parcels
	Interest charged only on outstanding balances as you draw funds for construction
	No payments during construction phase
	One-time closing saves you time and money

You'll enjoy fast results, personal service and a variety of money-saving options to help you keep your budget under control. Contact us today at 800.865.6266 to learn how you can start saving right away.

European Concerns Increase

Increased concerns about Europe helped mortgage rates improve this week, although the impact of the recently passed extension to the payroll tax reduction is beginning to push up mortgage rates for certain loans (discussed below).

The news from Europe was mostly negative this week. Economic growth in Germany was slower than expected. Negotiations on restructuring Greek debt did not progress as planned, increasing the risk of default. S&P is downgrading the debt of several European countries, including France. Finally, the European Central Bank (ECB) provided no relief, as it gave no indication that it would increase the level of aid available to troubled countries. As a result, investors shifted funds to relatively safer investments, including US mortgage-backed securities (MBS), which helped mortgage rates move lower.

The recently passed extension to the temporary payroll tax reduction contained a lightly publicized revenue raising provision to increase the guarantee fees charged on Fannie Mae and Freddie Mac loans. This fee results in higher rates for borrowers, and mortgage rates for loans not expected to close within the next month or so have begun to reflect this coming increase in guarantee fees.


	800.865.6266

Call 800.865.6266 for current interest rates. Each rate quote we provide is custom & we offer the most competitive products and programs available in the market place when considering your specific situation.

Rates are subject to change.