PLEASE NOTE

On Saturday, May 25, Online and Mobile banking will be down for regular system maintenance from 8:00 a.m. to 10:00 a.m. 

All branches will be closed on Monday, May 27th in observance of Memorial Day.

 

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Construction Loans

You found the perfect lot, in the perfect location, and you are now ready to construct the home of your dreams. 

If you already have your permanent financing approved but need a construction loan, our experienced loan officers can help.  They will guide you through the construction process from application to final inspections.  Your construction loan typically provides for a:
 

  • Maximum one-year term
  • Variable-rate
  • Interest-only payments as construction progresses

 

OR, a better cost-saving option may be a One-Time-Close Loan offered by our subsidiary FBT Mortgage.  This loan streamlines the entire process from lot purchase, construction, and permanent financing.  The OTC Loan saves you money by avoiding the cost of up to three loan closings (lot, construction and permanent financing) by providing an approval for the entire process.  
 

  • One application
  • One qualifying and approval process
  • One closing and one-time closing costs
  • Potential to lock in a competitive interest rate right from the start
  • Interest-only payments during construction phase
  • Permanent financing (mortgage loan) kicks in after construction and final inspection