Lock in a great rate before you build

MIDFLORIDA Credit Union membership, eligibility, and credit approval required. Available for primary residence. 6.000% is a 1-year promotional rate. Payment example: Based on a minimum credit score of 700, a 1-year adjustable-rate mortgage construction permanent loan for $300,000, with a minimum 20% down at 6.000% interest rate and an Annual Percentage Rate (APR) of 6.689%. The monthly principal and interest payments are $1,798.65 during the first 12 months. The interest rate may adjust once every 12 months thereafter, based on the 1 year US Treasury Bill rate (4.220% as of December 16, 2024) plus a margin of 2.75%, with a maximum interest increase of 6% over the rate at closing. The monthly payment amount after the first adjustment based on current rates will be $1,991.63 and the highest possible monthly payment during the life of the loan could be $3,037.00. Payment example does not include amounts for taxes or insurance premiums; the actual payment will be greater. Promotional Rate and margin may vary based on credit history and underwriting guidelines. Advertised terms are valid as of December 16, 2024, and subject to change without notice. Other conditions apply. Ask your mortgage loan officer for details. 

MIDFLORIDA Credit Union Membership, eligibility, and credit approval required. Available for construction of primary and secondary single family residences. Payment Example: A 30 year fixed rate construction to permanent loan for a primary residence based on a minimum credit score of 720 for $300,000 with 10% down at 7.000% and an Annual Percentage Rate (APR) of 7.114% has a monthly payment of $1,995.91 which includes principal and interest. Payment example does not include taxes, insurance premiums, or mortgage insurance premiums; actual payment will be greater. Advertised terms are valid as of December 16, 2024, and subject to change without notice. Other conditions apply. Ask your mortgage loan officer for details.