Construction Loans

Let’s build your dream home together! Our construction loan solutions will take the guesswork out of financing your new home and let you focus on the blueprints.

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.