More Money In Your Pocket!
With low rates and up to 100% financing1 you'll be spending more time choosing the perfect lot, and less money on your loan.
A Simple, Fast Process.
When you find the right lot, we'll help you purchase it quickly - with a simplified process and a team that cares.
Better rates on your construction loan or mortgage. When you choose MidSouth Bank for your lot loan, our unique DreamBuilder program offers better rates to those who continue to build their dream home with us. Enjoy relationship perks with a construction loan or mortgage!
- Financing up to 100%1 to qualified borrowers.
- Loans up to $250,000.
- Origination fee 0.50% on the lot loan.
- Interest rate as low as 4.75% with a 5.02% APR2 fixed for qualified borrowers.
- Interest-only payments, see our rate sheet for details.
1Tier 1 Credit = 100% financing of lot purchase & Tier 2 Credit = 90% financing of lot purchase
2Rate as of 12/15/2016 and may change without notice. SEE RATE SHEET for today’s rates. Lots in Platted Subdivisions Only. Limit of one DreamBuilder loan per customer. Phase 1 = 24-month maximum term. Must mortgage same property for DreamBuilder Phases 1 and 2. Additional principal reductions required if Phase 2 loan is not originated within Phase 1 term.
Once your lot has been purchased, the next step is simple...building your home! At MidSouth Bank, we can help you with that as well. We'll provide financing, while you enjoy preferred rates - and choosing the perfect counter tops.
- Intrest rate as low as 4.5% with a 6.97% APR3 (WSJP + 0.75%) 12-Month Term
- Enjoy a 0.25% Origination Fee on Construction Loan
3Limit of 1 DreamBuilder loan per customer. Must mortgage same property for DreamBuilder Phases 1 and 2. Annual Percentage Rate (APR) effective as of 12/15/16 and may change without notice. APR is based on Wall Street Journal Prime Rate (WSJP) plus 0.75% a $177,052.50 loan for 12 months at 6.97% APR would have estimated monthly payments ranging from $316.51 to $338.34, resulting in a balloon payment of $177,390.84. This offer expires 25 months after closing of your MidSouth DreamBuilder Phase 1 loan for your lot purchase. The Phase 2 Construction Loan offer only applies to construction of the owner/borrower’s primary personal residence on the DreamBuilder Phase 1 property. Loans subject to credit approval. 4Phase 3 Permanent Loan offer only applies to those with MidSouth’s DreamBuilder Phase 2 Construction Loan. Loans subject to credit approval.
Finally! Your dream home is move-in ready. Let MidSouth Bank provide you the financing you need to enjoy the home you've worked so hard to build. As a DreamBuilder customer, you'll enjoy special perks and competitive rates.4 No Origination fee4 if you have a DreamBuilder Loan for construction. All other standard underwriting terms will apply.
4Phase 3 Permanent Loan offer only applies to those with MidSouth's DreamBuilder Phase 2 Construction. Loans subject to credit approval.
FOR MORE INFORMATION ON DREAMBUILDER FEEL FREE TO FILL OUT THE SHORT FORM BELOW AND A MIDSOUTH BANK REPRESENTATIVE WILL BE IN CONTACT WITH YOU WITHIN 48 HOURS. OR CALL US TODAY AT 1-800-213-BANK (2265).