Here’s how our home loan process works
Apply for your loan.
Construction loan gets approved. Find your builder!
The fun starts! Start building your dream home and move in.
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:
No matter what type of home you are looking to build, we support different types of constructions, from Stick Built, used from traditional construction methods, renovations, and add-ons, to System Built home 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.