Incommons Bank, a community bank associated with central Texas for 130 years, has put together a competitive program that covers buyers' lot loans, construction loans, and variable- or fixed-rate mortgages, all in one convenient, streamlined process. Incommons' familiarity with The Cloister at Cameron Park makes the application process simpler than otherwise, and the bank is providing a significant incentive to borrowers in the form of reduced closing costs.
Here are the details as described in a promotional folder prepared for us (additional details are available from Incommons Bank Vice President Regina Martinez):
Innovative. Incommons Bank exemplifies the benefits The Cloister at Cameron Park has to offer. At Incommons Bank, you aren't just another transaction. You have a name, a face, an identity. Our culture allows you to return to the banking of previous years with all the benefits of today's technology, products and modernization. Even our name reflects the common bond of experiences and lifestyles we have with our customers. Come experience a sense of renewal.
Efficient. Three Simple Steps for Phenomenal Savings. Finance your lot loan, construction loan, and mortgage at InCommons Bank and we'll pay up to $2,000 of your mortgage closing costs.
Step 1 - Lot Loan
Just provide Incommons Bank with a completed loan application. A loan application can be found on our website at www.incommonsbank.com. Incommons Bank can use this information for each loan, so you don't have to provide it time and again. Also, you will not have to explain your project to a new financial institution for each loan. Incommons Bank has financed the development of The Cloister at Cameron Park, so we are already familiar with the neighborhood.
Step 2 - Construction Loan
Simply let us know when you are ready to start. We will guide you through the financing aspect of building the home of your dreams.
Step 3 - Mortgage Loan
Once your home is ready, we will help you convert your construction loan into a variable rate or fixed rate mortgage that fits your needs. Various terms are available.
We understand your project and simplify the process for you at one location with one banker. Vice President Regina Martinez is the contact person for all Cloister-related loans. What could be easier? Contact Ms. Martinez at email@example.com or at 254-420-1007.
Smart. When Incommons Bank provides the financing for your lot and construction loans, we will pay the following towards your closing costs when we provide the permanent mortgage financing:
If your loan amount is . . .
- >/= $450,000, you will receive a $2,000 REBATE
- >/= $250,000 and <$450,000, you will receive a $1,500 REBATE
- < $250,000, you will receive a $1,000 REBATE