One-Time Close Luxury Construction Loan Booklet

One-Time Close Luxury Construction Loan Booklet

LUXURY HOME LENDING

Built on dedication. Here’s what our clients have to say about us. “Our goal with our mortgage loan officer and CB&T was to secure a custom home construction loan in a very restrictive lending environment. Their professional, ‘we-can-do-it’ attitude and availability addressing our questions and concerns is why we chose to work with CB&T.”

—California Bank & Trust (CB&T) Client

A HOME BUI LT FOR YOU

Dreaming is your job. Helping you get there is ours.

ONE -T IME CLOSE CUSTOM HOME CONSTRUCTION LOANS

LUXURY HOME LENDING

BRING YOUR BANKING HOME.

Unparalleled luxury begins with simplicity, courtesy of the One-Time Close Home Construction Loan 1 from CB&T.

We extend every effort to make building the home of your dreams possible in a way that minimizes complications. That way, the life you’ve envisioned happens the way it should: with as much ease as possible.

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LUXURY HOME LENDING

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A HOME BUI LT FOR YOU

The timing is right. This is your moment.

Competitive interest rates. Reasonable construction prices. An opportunity to create a home that is not only your personal space, but a personal statement. CB&T brings a full complement of luxury financing experience to the table—along with a process that’s as elegant as the final product.

A different approach. With distinctive results.

The One-Time Close Home Construction Loan from CB&T is designed to simplify the process so that it is efficient, straightforward, and inclusive of our help all along the way. We combine your construction financing and permanent mortgage into a single closing, which reduces your fees, lessens paperwork and reduces processing time.

Our approach has been crafted to suit the homeowner and luxury builder, with higher loan-to-value, high dollar loan amounts, and a focus on owner-occupied primary and secondary residences. You’ll enjoy competitive rates with interest-only financing 1 options available.

LUXURY HOME LENDING

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A HOME BUI LT FOR YOU

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Imagination to realization—in six steps. Here’s how to f inance the home you’ve envisioned.

One: Talk to your CB&T mortgage loan officer about your plans, timelines, location, size and design specifics. Apply for pre-qualification.

Two: Purchase your lot or identify your location, then partner with an architect or design-build firm. Have your architect and builder complete plans and provide a cost breakdown so you can lock in your interest rate with CB&T.

Three: We’ll order an appraisal of your home based on your completed plans and detailed documentation of costs from your builder, as well as finalize the builder validation and loan approvals.

Four: Attend a closing with an escrow company after your loan is processed. Your project will be inspected on the same day to ensure work hasn’t yet begun—this will prevent unnecessary delays later.

Five: Your builder will submit “draw requests” on your loan as work progresses. We’ll be on-site to ensure the work completed matches the request for funds.

Six: Upon completion of your home, we’ll prepare a modification agreement that converts your loan to permanent financing.

LUXURY HOME LENDING

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A HOME BUI LT FOR YOU

Starting the process. The application process for your One-Time Close Home Construction Loan is built on straightforward simplicity. In most cases, you’ll be asked to provide documentation of your income as well as financial statements, and insurance and HOA documentation. Beyond that, we’ll also ask for your contractor’s contact information, the plans and specifications for your project and the project’s full breakdown of costs. 1

LUXURY HOME LENDING

LET’S MAKE IT HAPPEN.

This is the time to not only imagine the possibilities— but to begin building them.

Talk to us about how your One-Time Close Home Construction Loan can be the foundation of the home of your dreams.

LUXURY HOME LENDING

1. Loans subject to credit approval. Terms & conditions apply. See banker for details.

BK-MTG-830 (10/21) © 2021 Zions Bancorporation, N.A.

Equal Housing Lender | SBA Preferred Lender | NMLS# 467014 A division of Zions Bancorporation, N.A. Member FDIC