Build the home you’ve always wanted with a construction loan from Premier Bank. Our mortgage lending experts will work with you to understand your financial and construction needs, helping you secure a money-saving home construction loan.
Get Building with our Construction Loans:
- Fixed and adjustable interest rate options
- Convenient, one time loan closing. Your construction loan automatically converts to your permanent loan saving you time and money
- Available for primary residence and second homes
- As little as 5% down payment required
- Interest only payments while your home is under construction
- Split loan options available with 10% down payment to eliminate the need for Private Mortgage Insurance
- Re-amortize the loan to reduce your payment if you’ve made a principle payment at completion of your home
- Only need to finance the home when complete? Premier Bank offers interest rate protection up to 8 months
Tackle Major Renovations with a Construction-Renovation Loan
- Use for major home improvements to current home and make multiple payments to contractors during renovation
- Make Interest-only payments during the home rehabilitation process
- Your home improvement loan has one closing and converts to regular financing upon completion
To get pre-approved for a construction loan, contact a local mortgage rep in OH, MI, IN, or PA.