Steel Building Financing
Worldwide Steel Buildings has partnered with New Century Bank and First Federal Bank of Kansas City to provide our customers the advantage of combining your building project and financing your project with two companies that specialize in steel buildings.
Here’s what you can expect from New Century Bank:
- A bank that specializes in financing steel building construction at competitive rates.
- A lending partner that can provide the perfect solution to your financing needs anywhere in the US.
- A seamless transaction regardless of if you are purchasing an Ag Building or Barndominium
Ready to finance your residential structure from Worldwide Steel Buildings?
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All loans are subject to credit approval by New Century Bank. If approved, your APR will be based on loan purpose, amount, term and your credit profile. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.
New Century Bank is an Equal Housing Lender/Member FDIC.
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The following provides a general overview of Borrower permissions & requirements when obtaining a steel-frame home construction loan through First Federal Bank of Kansas City. These permissions & requirements are subject to change at any time and are provided for general information only. Borrower must confirm all of these permissions and requirements with First Federal Bank of Kansas City during the loan application process.
15% Cash Down, plus Closing Costs
- Equity in the land may be used to cover down payment and closing costs
- Equity in your current home may be used to cover down payment and closing costs, provided you plan to sell your current home prior to obtaining permanent financing for the home you are building
Borrower may act as General Contractor
- Exceptions: If you build in Texas, you must hire a General Contractor and be in accordance with Texas laws
- The General Contractor is an administrative role; it does not imply that any work may be performed by the Borrower. The General Contractor manages the entire build process and is responsible for all aspects of the build process including making sure all laws and regulations are followed.
All work must be performed by professionals who do the work on a daily basis as their primary occupation
- Exception: Finish work may be performed by the Borrower. Finish work is generally understood to mean work that takes place after preparing interior works for painting. Finish work may include painting walls; laying floor tile; installing trim work, cabinets and fixtures.
- Exception: if the Borrower performs similar work on a daily basis as their primary occupation, they may be allowed to perform the work on their construction project
Borrower may live on the property while building provided they meet all local laws and regulations. Example: Borrower may line in an on-site RV or Camper during the build process
