Lakeland Bank Construction Loans


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Gradation

Up to 85% financing available, so your down payment is less.
Up to 75% of land acquisition cost included in the initial disbursement.
See how much you'll qualify for with Lakeland's easy pre-approval advantage.
Our mortgage consultant will come to you and can discuss a variety of permanent financing packages.**
Ask about your Interest Rate Cap Program.

5.99% RATE
7.05% APR*

Fixed for 12-month
construction duration!




		(973) 697-2000 Offices located throughout Bergen, Essex, Morris, Passaic, Sussex and Warren Counties Annual Percentage Rate (APR) is 7.05% as of 2/20/08. APR includes construction drawn-down fees. Pay interest only on the amount drawn. Monthly payments of $4.99 per $1,000.00 interest only. The loan is due at the end of the 12-month construction period. 15% minimum down payment required. Private Mortgage Insurance (PMI) may be required if loan to value exceeds 80%. Subject to credit approval. Offer subject to change * Separate application and credit approval required.