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CONSTRUCTION LOANS BUILT FOR YOU
Simple and streamlined financing that helps you reach your building goals.
Building your dreams while building community*
Bring the blueprint to life
Finance up to 95% of your project’s value with interest-only payments during construction, and a single, fixed-rate mortgage.
Smart construction loan solutions
We meet you where you are with options to help you achieve your building goals.
Our specialists are ready to talk
We’re here to help you lock in the best rate with the best terms for your unique building needs.
Interest-only payments during construction
Save more of your money to put toward your dream with interest-only payments during construction.
We want to hear about your project
Construction Loan Rates
Current interest rates
| Loan Type | Interest Rate | Points | APR |
|---|---|---|---|
| 30-Year Fixed | 6.500% | 0.00 | 6.759% |
| 30-Year Fixed Jumbo | 6.500% | 0.00 | 6.621% |
| 1/1 ARM Land Loan | 9.750% | 0.00 | 10.279% |
Effective date: October 05, 2024
Disclosures
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.
Construction Mortgage Payment Example
A payment example for a Construction Mortgage Loan with $100,000 loan amount and 6.250% interest rate and annual percentage rate of 6.863% will have a monthly principal and interest payment of $623.02.
The APR in the payment example was effective on April 20, 2023. The current APR may be different than the APR used in the payment example.