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1-12-21 COVID-19 Response and Holiday Hours

All lobbies will be open Monday - Friday, 9:00 AM to 4:00 PM. SBA has opened portal for submission of a second round of Paycheck Protection Program click link to read more. Monday, January 18th we will be closed for Martin Luther King Jr. Day.

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Construction Loans

Build Your Home The Way You Want

Do you have a specific vision for what you’re looking for in a new home? Or, maybe you’re just not finding what you’re looking for in the current housing market. A construction loan is a great option that allows you to fund the construction of your new home so everything is built to your exact specifications.

With our construction loan, you’ll save time, money and hassle:

  • Convenient one-time closing (covering both construction and final mortgage)
  • Loan automatically converts to long-term financing when construction is complete (avoiding separate loans for construction and finished mortgage)
  • First 12 months will be interest only payments.
  • Experienced loan officers will help you manage the budget and keep everything on track

Complete our online application to start the process.

Start Your Application

How Construction Loans Work

A construction loan is a short-term loan that will fund the construction projects for your new home. Once the construction phase is completed, the loan converts into a traditional mortgage. Items that may be covered by the construction loan include, but are not limited to:

  • Land acquisition
  • Well / water costs
  • Dirt work
  • Foundation / Concrete
  • Material costs
  • Landscaping
  • Permits
  • Contracted labor

Disbursements are usually paid as stages of the construction project are completed. However, other arrangements may be made to suit your needs.