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Building a Home

We Specialize in Construction Loans

Building a home is a chance to build your dream. If you’re considering new home construction, Premier Bank has construction loans that can help make it happen.

Construction loans can cover the costs of building your home and then convert to a traditional loan, with only one transaction and one closing.

Talk to Premier Bank about loan options for construction. Our loan officers can help you get one step closer to your dream home. 

One-Time Close Construction Loans

With a one-time close construction loan, your loan automatically converts to a permanent loan. You’ll make interest-only payments while the home is under construction.
  • Convenient, one-time loan closing
  • Fixed and adjustable rate options
  • Available for primary residence and second homes
  • As little as 5 percent down
Only need to finance when the home is complete? Premier Bank offers rate protection for up to eight months.

Construction Conversion Mortgage

A construction conversion mortgage is for new home construction, allowing multiple payments to the builder during the building process. 
  • Interest-only payments during construction (typically nine months) 
  • One closing and converts to regular financing upon completion of the home

Construction-Renovation Loan

Use for major home improvements to your current home, with multiple payments to the contractor during renovation. 
  • Interest-only payments during the home renovation phase
  • One closing and converts to regular financing upon completion of the home improvement 

Lot Loans

When you find the perfect location and the right lot, Premier is ready to assist with financing.
  • Fixed and adjustable rate options
  • As little as 20 percent down payment 
  • Loan amounts up to $250,000
  • Down payment on lot is considered as equity toward your construction loan

Lending Options as You Build Your New Home

Let the mortgage lending experts at Premier Bank help you secure a construction loan or lot loan. 
Find a Mortgage Lender

Helpful Links

  • Construction Loans

    Ready to build the house of your dreams? 


    Read More
  • How Much Home Can I Afford?

    Consider these six factors before you calculate your monthly mortgage. 

    Learn More
  • What's the Rate?

    See current Mortgage rates. 

    Learn More