Whether you want to build a new house or add on a new wing to accommodate a growing family or visitors, we have specific construction loans to make your dreams a reality.
Construction loans are story loans. This means that we, as the lender, want to know the story behind the planned construction. Because it’s a story loan, it’s not standardized like mortgage loans with federal guidelines. Construction loans typically require interest-only payments during construction and become due upon completion. Completion for homeowners means that the house has its certificate of occupancy.
We offer both fixed and variable rate options.
Call or come by to talk with one of our Loan Specialists to get questions about your construction project financing answered. Or you can apply online in just a few minutes.