MasterCraft Builders, a homebuilder based in Kenosha, Wis., has announced the formation of Signature Banc, a full-service mortgage company.The bank will offer loans requiring only interest payments during construction, with rates locked for up to 18 months, MasterCraft said. Loans will be available to buy land as well covering up to 100% of building costs. "Customers can save time by combining their walk-through and closing," said Mike Lawrence, general manager of MasterCraft. "Because Signature Banc is the exclusive lender to MasterCraft Builders, the customer can complete the necessary paperwork and close onsite following the walk-through." The homebuilder can be found online at http://www.mastercraftbuilders.com.
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