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Construction

Break Ground on Your Dream Home with The Federal Savings Bank

A home construction loan finances the cost of building a new home which can include the cost of the land. Your mortgage banker can discuss the many options, and help you select the loan with the terms and guidelines that best meet your needs. At The Federal Savings Bank, we offer the following construction loans:

Conventional Construction Loans

  • Up to 95% loan-to-value, single close and two-time close

FHA Construction Loans

  • Up to 95% loan-to-value

VA Construction Loans

  • Up to 100% loan-to-value for qualified veterans, single close and two-time close

Jumbo Construction Loans

  • Up to 80% loan-to-value

We are proud to also provide:

  • A specialized, experienced Operations team in new construction loan products
  • Fast turn times
  • Quick and efficient builder approval process
  • Additional portfolio products available that may not meet construction-stated guidelines
  • credit committee approval process required

Building a home is a considerable undertaking, so it’s important that you’re well-informed and prepared before you break the ground running. The first step of building your dream home is talking to an experienced loan officer, who will walk you through the entire process, and decide with you if a construction loan is right for you.

Not sure if you are going to go the construction route? We have a wide array of products that will fit your home purchasing or refinancing needs.

What are you waiting for? Get connected with one of our loan officers right now by clicking HERE.