New Home Construction Loan Program
How It Works
During the construction phase, we’ll disburse funds to your builder and give you a fixed interest rate for the loan proceeds. Once your home is built, your loan changes to a permanent mortgage – and you don’t have to endure another loan closing.
Rate Protection
What makes our program unique is that we allow you to float your permanent loan rate during construction, which can last up to 12 months. If you lock in your rate early on and find that market rates have gone down, you can float down your rate to our current 60-day base rate (plus .125%) within 30 days before the end of the construction phase.
Other Unique Benefits
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You own the property during construction and can receive a tax deduction before your home is built.*
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You can use your home’s appraised value for financing instead of the cost to build your home, which may provide built-in equity in your home.
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Once your loan is registered, your builder can break ground in 21 days or less.
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You and your builder can customize the draw schedules.
For more information about our Home Construction Loan Program, call (888) 630-9099.
States Currently Excluded: New Jersey, Alaska, Hawaii and California
*Consult a tax advisor regarding the deductibility of interest.
Home Mortgage/Refinance Program
The IAFF Financial Corporation is working with Nationwide Advantage MortgageSM Company to offer you the fastest, easiest way to get a new loan or refinance a current mortgage.
Through Nationwide Advantage Mortgage, IAFF members can access low-rate, low-cost mortgage solutions that offer several benefits that other mortgage companies can’t offer.
Refinancing in Texas? Call (888) 630-9099 prior to completing an online application.
Apply Today!
There’s no obligation. Click here to go to the IAFF-FC Mortgage web site or talk to an expert mortgage agent by calling toll-free at 1 (888) 630-9099, anytime during the week from 6 a.m. to 9 p.m., EST, or Saturday from 8:30 a.m. to 5 p.m., EST.
With Nationwide Advantage Mortgagesm, you get the triple advantage of Speed, Simplicity and Savings®.
SPEED. Go from application to free approval decision in as little as 10 minutes.
SIMPLICITY. The application process is easy – no need to tell us your life story. You can apply online or over the phone. And, your approval comes with a choice of loan options, not just one.
SAVINGS. In addition to low rates, there’s never an origination fee (which is typically 1-1.5% of the principal loan amount). We don’t charge an underwriting fee, and other fees are reduced or eliminated. You can also save an additional $150 by completing your application online.
Plus, Nationwide Advantage Mortgagesm is offering IAFF members a Best Price Guarantee. You’ll get the best mortgage deal or they’ll pay you $300* - Guaranteed!
* Please visit the Mortgage web site or talk to a Nationwide Advantage Mortgage Agent at 1 (888) 630-9099 for complete Best Price Guarantee Program details.
Content for this page provided by Nationwide Advantage Mortgage.
Equal Housing
Lender
Loan offered by Nationwide Advantage Mortgage Company, 7760 Office Plaza Drive South, West Des Moines, IA 50266-2336. Nationwide Advantage Mortgage Company has mortgage products available in the District of Columbia and all states except New Jersey. Visit the website or contact us at 1-888-630-9099 for a complete list of states. Alabama as Nationwide Advantage Mortgage Company, Inc.; Arizona Licensed Mortgage Banker # BK-0904934; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Georgia Residential Mortgage Licensee #6396; Illinois Residential Mortgage Licensee #M00860, Issued by the Office of Banks and Real Estate, 310 South Michigan Ave., Suite 2130, Chicago, IL 60604, (312) 793-1409; Kansas Licensed Mortgage Company – License #1996-0148; Massachusetts Mortgage Company License #MC 2074; Mississippi Supervised Mortgage Company; Nevada Mortgage Banker, 1701 W. Charleston Blvd., Suite 210, Las Vegas, NV 89102 (702) 471-7786 ; Licensed by the New Hampshire Banking Department as Nationwide Advantage Mortgage Company, Inc.; Rhode Island Licensed Lender; Virginia State Corporation Commission – License Number MLB-1131. Nationwide Advantage mortgage, Nationwide Advantage Mortgage with the Nationwide frame design, Nationwide Advantage Mortgage, and On Your Side are federally registered service marks of Nationwide Mutual Insurance Company.
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