$750 Closing Cost – New Construction

Loans may not be available in all states. Loans under this program are restricted to owner-occupied, single family residential property. Normal underwriting guidelines apply. Both construction and permanent financing must be done solely with Alerus Financial, N.A. Additional conditions may apply. Please contact your loan officer for details. Loans are subject to credit review and approval. $750 closing cost discount will be applied to the end loan on a two-time construction product. Clients must apply for a new construction loan from February 15, 2021, through June 30, 2021, and close on their end mortgage loan by April 30, 2022.