If you want to build your dream home from the ground up, consider a construction loan from Premier Bank. Our mortgage lending experts work with you to understand your wants and needs, help you understand how construction loans work, and can secure a money-saving home construction loan that lays the foundation for your new house.
Construction Conversion Mortgage
- Use for new home construction with multiple payments to the builder during building process
- Interest-only payments during construction, typically nine months
- Your loan has one closing and converts to regular financing upon completion
- Use for major home improvements to current home with multiple payments to the contractor during renovation
- 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.