Construction
Building for Your Future.
A Construction Loan, also known as a residential construction loan, is a mortgage loan that funds the building of a new home or residence. The construction loan is closed for the total loan amount, and the funds are paid out over a period of time as the home or residence is completed.
Key Benefits
- Available for the construction of your primary residence
- Fixed rate and ARM loans available
- Interest-only payments during construction
| Loan Programs: | |
|---|---|
| Fixed Rate | We offer competitive fixed rates and flexible terms, keeping your monthly payment the same for the life of the loan. |
| Adjustable Rate Mortgage (ARM) | Perfect for those who may be moving within a few years or think interest rates will be going down. |
| Construction/Construction-to-Permanent | Fund the construction of a new home with one of our great construction loan programs. |
| Lot Loans | Designed to provide short-term finacing so you can purchase land on which you intend to build a home. |
Rates, terms, and loan conditions are flexible and competitive. Some restrictions and normal credit standards apply.
