Construction Loans

A better way to build your dream home

Ready to make your dream a reality? With a construction loan, we’ll help you secure the financing you need to get started.

Low fixed rate

A low fixed rate of prime minus 0.25%.

12-month term

Get up to 12 months to repay your loan.

Low fees

1% origination fee.

The interest rate for the construction loan is a fixed rate indexed Wall St. Journal Prime minus .25%. The interest rate is fixed at application and the loan must be closed within 90 days of application to maintain the rate.

Construction loans may be financed up to a 12-month term. Term may be extended if additional time is required to complete construction.

The Bank will finance up to 90% of total construction costs not to exceed 80% of appraised value.

Interest only payments, due monthly. The interest due is based upon the principal balance drawn from the line of credit.

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Disclosures

NMLS #546116

Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Credit products are not FDIC insured.

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