Do you know exactly what you want in your perfect home, but it just needs to be built? Or are you looking to add on to your current home? Our construction loans can be the right solution for you.
A construction loan comes in handy when you can’t find the perfect home…it just hasn’t been built yet! We can help get your project off the ground. They cover the costs of building your own home which makes them different from traditional mortgage loans.
At The Federal Savings Bank, we pride ourselves on providing a variety of loans to solve our clients’ needs. With a construction loan from us, you can:
We offer a variety of Construction products across the nation with the peace of mind you need, as we will make sure you are working with a reputable builder and protect your investments. We offer:
No matter what type of home you are looking to build, we support different types of construction, from Stick Built, used for traditional construction methods, renovations, and add-ons; to System Built homes, used for log, manufactured, and modular homes.
This information is intended for educational purposes only. Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to you individual situation.