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The new
PolySteel Energy Efficiency
Mortgage (PEEM)
is now available through
First Federal Bank. This program is available nation wide
(excluding Alaska & Hawaii) and has
programs specifically designed for the “Owner/Builder” customer. As in the
past the new PEEM allows for a
higher income to
debt ratio which will help the customer to qualify for a larger mortgage and
afford the additional upfront
costs of a PolySteel structure.
PEEM offers
competitive
rates for both the construction and permanent
financing and offers adjustable, conventional, jumbo and up to 30 year fixed
rate terms.
Here
are some of the features of the program:
| One time closing costs -
3 loans
rolled into one |
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Loan pays for lot purchase or
payoff |
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Home Construction |
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Permanent financing |
| No down payment |
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Finance your closing costs |
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Finance your construction
interest |
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10 draws available during
construction |
| Your equity may be the only
down payment required |
| Options |
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No payment for up to a year
during construction! |
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Loan can be used with a
builder (builder can receive payment for his construction fees as draws
are given) |
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Owner can act as own General
Contractor |
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“Owner/Builders” time and
labor can be considered as down payment |
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PolySteel Owner Testimony
"Cindy and I built our home using the PolySteel form system for
the entire house, the construction / perm financing program, and
some hard work. Our home appraised at $325,000 and the cost of our
home was $275,000."
"Everything that the PolySteel Representative told us about working
with them and using the PolySteel system was true."
"They did everything that they said they would do."
Mathew & Cindy Kari
Hudson, WI |
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