Builder Participation Program

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Through our Builder Participation Program, qualified buyers can purchase specific homes under our limited time special offering package options. Click anywhere on the 30-second video at left to play.

Builder Participation Program
• 2.99% Rate: Years 1-5, 5.50% Rate: Years 6-15 (4.40% Annual Percentage Rate) 15 Yr. Loan/30 Yr. Amortization
• Up to 95% Financing
• No Private Mortgage Insurance
• Builder Pays 1% Origination fee
• No Other Bank Fees
• Loans Approved and Remain Locally

Example: $225,000 at 95% financing, 4.40% APR for 15 years on a 30 year amortization — 60 payments at $947.68, then 119 payments of $1,228.81, and 1 payment of $151,574.38

Builder Participation Program
• 4.75% Rate (4.82% Annual Percentage Rate)/15 Yr. Fixed/30 Yr. Amortization
• Up to 95% Financing
• No Private Mortgage Insurance
• Builder Pays 1% Origination fee
• No Other Bank Fees
• Loans Approved and Remain Locally

Example: $100,000 at 95% financing, 4.82% APR for 15 years fixed on a 30 year amortization — 179 payments at $495.80 and 1 payment of $64,219.35.

Lot Participation Program
• 4.75% Rate (5.21% Annual Percentage Rate)
• 90% Financing of Purchase Price
• 3 Year Term with 30 Year Amortization
• Loans Approved and Remain Locally
• Developer pays 1% Origination Fee
• No Other Bank Fees

Example: $50,000 at 90% financing, 5.21% APR for 3 years fixed on a 30 year amortization — 35 payments of $234.85 and 1 payment of $43,051.52

Construction Permanent Loan Program
• 4.75% Rate (4.93% Annual Percentage Rate), 15 Yr. Fixed/30 Yr. Amortization
• Up to 95% Financing
• No Private Mortgage Insurance
• 12-Month Interest-Only During Construction
• Loans Approved and Remain Locally

Example: $100,000 with 5% down payment for a loan amount of $95,000, $950 loan fee, 4.75% rate with an APR of 4.93%.

During the 12-month construction phase, interest only will be due monthly on the balance outstanding followed by 167 monthly payments of fixed principal and interest of $495.78 with a final balloon payment of $67,067.78.

Rates are as of publication date and are subject to change without notice.

For general information, contact either of the following:
Pat Quesinberry
pquesinberry@bankofnc.com
1-800-262-7175 or 336-476-9200

Gwen Beck
gbeck@bankofnc.com
1-800-262-7175 or 336-887-9200