Financing up to 95% of the appraised value or the total cost of the project is available to qualified applicants*. Maximum loan amounts up to $417,000** and maximum term up to 30 years. Home must be built by a bonded contractor. Competitive interest rates are available. Servicing through Mobiloil Federal Credit Union.
*Applicants are qualified in accordance with Federal, State and NCUA laws as well as the provisions of the Fair Credit Reporting Act.
**Loan Amount is equal to maximum amount allowed by Fannie Mae for secondary market financing of a single family dwelling.