Build With A Loan That Has Your Back
Pay Off Existing Land Loan or New Construction
Single Family or Multi-Family Home
Borrow Up to 95% Loan-to-Value*
Single, Fixed-Rate Mortgage
Interest-Only Payments During Construction Period
Construction Loan Rates
|Type||Interest Rate||APR As Low As||Points|
|30-Year Fixed Jumbo||5.625%||5.939%||0.00|
Rates effective as of May 28, 2022
Annual Percentage Rate (APR) shown is the lowest rate offered, including discounts and based on credit score. Rates are subject to change without notice.
The Fixed 30 Year Construction loan term begins with a 12 month interest only construction period followed by a fully amortized re-payment period for the remaining 348 months.
Construction loans are only available if home is being built in New Hampshire or Maine.
A payment example for a Construction Mortgage Loan with $100,000 loan amount and 3.75% interest rate and annual percentage rate of 4.273% will have a monthly principal and interest payment of $471.79.
The APR in the payment example was effective on February 3, 2022. The current APR may be different than the APR used in the payment example.