Financing partner
42 Parallel Construction provides more than great construction. We provide the best solutions for your building experience. Construction and permanent mortgages are an important part of the process of building. So, we have found a lender in New Century Bank that can make the difference and make your hope a reality.
New Century Bank’s positive approach to post-frame homes and building construction loans is unlike any bank in the industry. New Century Bank offers terms and features such as low-down payments and client-managed projects. Construction loans that incorporate every aspect of the building process, land purchase included in the construction process, utilities, foundations, home, and all interior finishes, and garage and other amenities. Loan officers take time to explain the process and help you with your unique situation. While many other lenders fail to properly understand the value of a barndominium or post-frame home, New Century Bank can use its unique lending options to help you with your project. Every construction loan is followed immediately by the best mortgage available in the industry.
Barndo mortgages
New Century Bank has completed thousands of construction mortgages nationwide. They offer low fixed-rate conventional mortgages with Fannie Mae interest rates. New Century also offers loans for not only primary residences but also second homes. Also specialized mortgages for unique construction design, multiple residences on one property, and large acreage properties up to 160 acres. You can speak to an experienced loan officer who will explain each aspect in the process of building your dream home with a simple phone call.
Post-Frame Loans
Looking to build a shop or garage next to your home? New Century Bank has loan options for that as well! They offer 1st and 2nd Home equity mortgages for personal shop buildings. New Century also has loans for Commercial and Agricultural.
Down Payment requirements
Land Equity can count towards your down payment. New Century Bank also offers solutions to help you buy land and build in the same transaction. If your down payment is tied up in equity in your home, New Century bank has options to let you live in your existing home while you are building.
ready to get started?
The best way to begin the process is to give New Century Bank a call at 785-532-9066 and speak with a loan officer about the process of financing your project.
If you wish to apply immediately, you can go directly to www.newcenturybankna.com and find the application on the main page under Resources: Apply Here (Construction Pre-Qualification form).