Thinking about building your dream house? The Provident Bank offers the best construction loan program in the area. We will make financing your dream home easier and more affordable. Avoid interest rate risks and lock in your fixed rate immediately. Let us help you find the term that works best for you. For personalized service or to learn more about this and other great programs offered at The Provident Bank please call 1-877-PPL-PROV (775-7768) or visit your nearest branch office. Fixed rate jumbo construction loans available.

• Same rate for both the construction and permanent loan
   
• Pay interest only during the 12-month construction period  
   
• Pricing for loans up to $2,000,000*  
   
• No point programs available  
   
• One time closing  

* Maximum loan amount up to $2,000,000. Loan to value may differ based on loan amount. Condo construction loans will be reviewed on a case by case basis. Rates subject to change without notice. Subject to credit approval. Other terms and conditions apply.

Construction Mortgage Checklist

• Minimum Jumbo loan balance of $465,751 based on Essex county in Massachusetts and Rockingham county in New Hampshire; other limits may apply for other counties.
• Annual Percentage Rates (APR) are based on $465,751 for jumbo loans with a 20% downpayment.
• Payment per $1,000 represents the monthly interest only payment during the construction period based on a $1,000 loan at the rate indicated. These payments do not include taxes and insurance. Your actual payment will be greater.
• Maximum Loan to Value may differ based on loan amount.
• Subject to credit approval. Normal underwriting terms and conditions apply.
• Rates subject to change without notice.

Back to the Top