Our one-step construction to permanent loan combines your construction financing with your permanent financing. Your home construction loan simply converts to a permanent mortgage when your home is complete, and you save time and money by avoiding the need to secure and close on two loans.
One-step home construction loans built right
- Interest-only payments during period of construction
- Monthly construction draws in accordance with work completed — keeping your projects on track
- NO ADDITIONAL COSTS at the end of the construction period
- No prepayment penalty
- Optional escrows for taxes and insurance
At Bath Savings, our products are designed to meet the challenges of the construction process. Our terms are competitive and flexible, and there is no limit to the number of payments we make while work is underway.
Talk to a neighbor
Ready to get started? Let’s build something together. Our knowledgeable and experienced lenders know what it takes to make the process run smoothly and will work with you every step of the way.