Construction Loans FIXED RATES 
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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 a personal banker at one of our convenient branch locations. |
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- Same fixed 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
- 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.
- Normal underwriting terms and conditions apply. Variable construction rates available.
Construction Mortgage Checklist
- Annual Percentage Rates (APR) are based on a $100,000 loan amount, 80% loan-to-value, 720 credit score, purchase or refinance with no cash out, single-family, owner-occupied property.
- Loan to value may differ based on loan amount, property type and credit score. Condo construction loans will be reviewed on a case by case basis.
- The maximum conventional loan amount of $465,750 applies to Essex county in Massachusetts and Rockingham county in New Hampshire. Other loan limits may apply to other counties.
- 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.
- Rates subject to change without notice. Subject to credit approval.
- Normal underwriting conditions apply.
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