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First Security Bank
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Real Estate Construction Loan

You have a vision to build the home of your dreams. We’ll hand you the reins to make it happen. From concept to construction, our team of expert lenders will take the time to learn about you and your goals. Our simplified construction loans will take the headache out of financing and give you more time to focus on what really matters. Let’s make your dream a reality.
 

Traditional Construction Loans

A traditional construction loan is a 12-24 month loan with interest-only payments during the construction process. Interest is based on the amount of funds drawn through the course of construction. Once the draw period is complete, the loan needs to be paid off, typically with a conventional refinance loan. We can handle both loans for you right here.

One and Done Construction Loans

Planning to build a new home?
Count on the security and flexibility of our One & Done Home Loan. This financing option is designed to help home buyers avoid the time and expense of applying and closing one loan for the construction process, and another for long-term financing.

Our One & Done Home Loan is structured for interest-only payments during the construction period, then the loan automatically converts a to long-term Adjustable-Rate Mortgage.

Even better, your interest rate can be locked-in for up to eight years so you are protected against rising interest rates during this time.

30-Year Fixed All-In-One Construction Loans

Looking for the security of a fixed-rate mortgage?
Our 30-Year Fixed All-In-One Construction Loan combines construction financing and long-term financing into a single loan. With one closing and a fixed interest rate, qualified borrowers can enjoy a simplified construction process from start to finish.

  • Single family primary residence and second homes only.
  • Up to 90% financing available on primary residences (MI required over 80%).
  • Potential option to float the rate down at the end of the construction draw period based on market conditions at that time.
See your lender for details and restrictions on maximum build cost, maximum loan amount, completion dates, credit score, and debt-to-income.
 

For new home construction, we're the go-to lenders you need to build your dream.

  • Lending team that knows construction financing from the ground up
  • Competitive financing terms
  • Local loan decision-making
  • Multiple loan programs available
 
Let us show you how easy it can be to finance your new home today!